Reducing Urban Road Transportation Externalities: Road Pricing in Theory and in Practice

Urban Road Transportation Externalities: Costs and Choice of Policy Instruments

Urban transportation externalities are a key development challenge. Based on the existing literature, the authors illustrate the magnitudes of various external costs, review response policies, and measure and discuss their selection, particularly focusing on the context of developing countries. They find that regulatory policy instruments aimed at reducing local air pollution have been introduc...

Road pricing in urban areas

Road pricing has been promoted by transport economists for decades as a means of solving congestion problems in big cities. Congestion causes enormous costs to society in a number of ways; for example, overall transport costs rise, polluting emissions increase, the demand for infrastructure is artificially driven up. The social benefits of solving the congestion problem would therefore be enorm...

Prospects for Urban Road Pricing in Canada

Road Pricing

This paper considers the second-best policy problem that arises when auto travel is priced below its marginal cost and there is a substitute mass transit mode. Using analytical methods, a global comparison is made between the second-best levels of transit service and the fare and their first-best levels. The fact that the results are global permits an application to road pricing not possible wi...

O43: Reduction of Road Crashes in Public Transportation

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