The theory of road pricing developed for single links suggests time and location varying charges equal to the marginal congestion cost at the efficient level of traffic. The second-best network counterpart is derived, but would be infeasible to implement. Cordon tolls are feasible, and their...

<title>Abstract</title> The congestion charging schemes in London and Singapore are compared and assessed in the light of guidelines set out in the Smeed Report, published by the UK Ministry of Transport in 1964, and their performance in reducing congestion and raising net revenue. The aim is to draw lessons...

We use the Vickrey–Clarke–Groves auction mechanism to propose a system of primary auctions of slots at congested European airports. The system would ensure allocative efficiency and would be incentive-compatible, flexible, understandable, implementable and transparent. Only 10% of slots...

This paper shows that the impacts of the London Congestion Charging Scheme should not be analysed from the standard approach to value of travel time savings. This will invariably lead to the mistaken conclusion that drivers who value their travel time savings below the £5 congestion charge will...

type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">Road pricing
LESSONS FROM LONDON</title> <p> This paper assesses the original London Congestion Charging Scheme (LCCS) and its impacts, and it simulates the proposed extension which will include most of Kensington and Chelsea. It also touches upon the political economy...</p>

The paper attempts to identify factors that influence modal split for journeys to work in cities with populations of between 100 thousand and 500 thousand in Germany, the Netherlands, Switzerland and the UK. The sample consisted of 34 cities. The analysis revealed a significant negative...