The development of toll roads provides a number of improved services to the road users, connectivity, and their existence can promote the equitable development of a region. The use of toll roads has a variety of impacts on economic issues. The quality of pavement gradually declines along with...

This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary, rigid regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is shown to retain its optimality under any setting with...