Do Economists Reach A Conclusion on Road Pricing? The Intellectual History of an Idea
My search of the economic literature did not find a soul who favours traffic jams. Moreover, I find strong consensus among economists on how to reduce traffic jams. Especially in light of modern electronic toll collection, they believe in pricing highway capacity as a scarce resource. Beyond that primary insight, however, there is much disagreement. Economists disagree over how to set tolls, how to cover common costs, what to do with any excess revenues, whether and how â€œlosersâ€ from tolling previously free roads should be compensated, and whether to privatize highways. These disagreements fill a lot of pages, while the main point of agreement is largely taken for granted. Practically all economists who write on the matter agree that where there is significant congestion on highways, the price should not be zero.
Volume (Year): 3 (2006)
Issue (Month): 2 (May)
|Contact details of provider:|| Postal: Enterprise Hall, Room 354, 4400 University Drive, 3G4 Fairfax, VA 22030|
Phone: (703) 993-1151
Web page: https://econjwatch.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pierre-Henri DERYCKE, 1998. "Road pricing-Analysis and policies (A historical perspective)," Discussion Papers (REL - Recherches Economiques de Louvain) 1998014, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Erik T. Verhoef, 2000.
"Second-Best Congestion Pricing in General Static Transportation Networks with Elastic Demands,"
Tinbergen Institute Discussion Papers
00-078/3, Tinbergen Institute.
- Verhoef, Erik T., 2002. "Second-best congestion pricing in general static transportation networks with elastic demands," Regional Science and Urban Economics, Elsevier, vol. 32(3), pages 281-310, May.
- Erik T. Verhoef, 1998. "Second-Best Congestion Pricing in General Static Transportation Networks with Elastic Demand," Tinbergen Institute Discussion Papers 98-086/3, Tinbergen Institute.
- Harrington, Winston & Krupnick, Alan J. & Alberini, Anna, 2001.
"Overcoming public aversion to congestion pricing,"
Transportation Research Part A: Policy and Practice,
Elsevier, vol. 35(2), pages 87-105, February.
- Newbery, David M, 1988. "Road Damage Externalities and Road User Charges," Econometrica, Econometric Society, vol. 56(2), pages 295-316, March.
- Feldstein, Martin S, 1972. "Distributional Equity and the Optimal Structure of Public Prices," American Economic Review, American Economic Association, vol. 62(1), pages 32-36, March.
- Ralph Turvey, 1968. "Peak-Load Pricing," Journal of Political Economy, University of Chicago Press, vol. 76, pages 101.
- Hensher, David A. & Puckett, Sean M., 2005. "Road user charging: The global relevance of recent developments in the United Kingdom," Transport Policy, Elsevier, vol. 12(5), pages 377-383, September.
- Richard Arnott & Marvin Kraus, 1997.
"When are Anonymous Congestion Charges Consistent with Marginal Cost Pricing?,"
Boston College Working Papers in Economics
354., Boston College Department of Economics.
- Arnott, Richard & Kraus, Marvin, 1998. "When are anonymous congestion charges consistent with marginal cost pricing?," Journal of Public Economics, Elsevier, vol. 67(1), pages 45-64, January.
- Richard Arnott & Marvin Kraus, 1994. "When Are Anonymous Congestion Charges Consistent with Marginal Cost Pricing?," NBER Technical Working Papers 0154, National Bureau of Economic Research, Inc.
- Glazer, Amihai, 1981. "Congestion Tolls and Consumer Welfare," Public Finance = Finances publiques, , vol. 36(1), pages 77-83.
- Edelson, Noel M, 1971. "Congestion Tolls Under Monopoly," American Economic Review, American Economic Association, vol. 61(5), pages 873-82, December.
- William Vickrey, 1948. "Some Objections to Marginal-Cost Pricing," Journal of Political Economy, University of Chicago Press, vol. 56, pages 218.
- Mills, David E, 1981. "Ownership Arrangements and Congestion-Prone Facilities," American Economic Review, American Economic Association, vol. 71(3), pages 493-502, June.
- F. H. Knight, 1924. "Some Fallacies in the Interpretation of Social Cost," The Quarterly Journal of Economics, Oxford University Press, vol. 38(4), pages 582-606.
- Charles O. Meiburg, 1963. "An Economic Analysis of Highway Services," The Quarterly Journal of Economics, Oxford University Press, vol. 77(4), pages 648-656.
- Richard Arnott & Tilmann Rave & Ronnie Schöb, 2005. "Alleviating Urban Traffic Congestion," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012197, March.
- Chernick, Howard & Reschovsky, Andrew, 1997. "Who Pays the Gasoline Tax?," National Tax Journal, National Tax Association, vol. 50(2), pages 233-59, June.
- Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
- Nash, Chris, 2003. "Marginal cost and other pricing principles for user charging in transport: a comment," Transport Policy, Elsevier, vol. 10(4), pages 345-348, October.
- David M. Newbery & Georgina Santos, 1999. "Road taxes, road user charges and earmarking," Fiscal Studies, Institute for Fiscal Studies, vol. 20(2), pages 103-132, June.
- Farrell, Séona & Saleh, Wafaa, 2005. "Road-user charging and the modelling of revenue allocation," Transport Policy, Elsevier, vol. 12(5), pages 431-442, September.
- William H. Sandholm, 2002. "Evolutionary Implementation and Congestion Pricing," Review of Economic Studies, Oxford University Press, vol. 69(3), pages 667-689.
- Newbery, David M, 1989. "Cost Recovery from Optimally Designed Roads," Economica, London School of Economics and Political Science, vol. 56(222), pages 165-85, May.
- Rothengatter, Werner, 2003. "How good is first best? Marginal cost and other pricing principles for user charging in transport," Transport Policy, Elsevier, vol. 10(2), pages 121-130, April.
- Gregory B. Christainsen, 2006. "Road Pricing in Singapore after 30 Years," Cato Journal, Cato Journal, Cato Institute, vol. 26(1), pages 71-88, Winter.
- Fielding, Gordon J. & Klein, Daniel B., 1993. "How To Franchise Highways," University of California Transportation Center, Working Papers qt79z9x6fs, University of California Transportation Center.
- Lars-Olof Johansson & Mathias Gustafsson & Gunnar Falkemark & Tommy GÃ¤rling & Olof Johansson-Stenman, 2003. "Goal Conflicts in Political Decisionmaking: A Survey of Municipality Politicians' Views of Road Pricing," Environment and Planning C, SAGE Publishing, vol. 21(4), pages 615-624, August.
- repec:ucp:bkecon:9781884829987 is not listed on IDEAS
- Calfee, John & Winston, Clifford, 1998. "The value of automobile travel time: implications for congestion policy," Journal of Public Economics, Elsevier, vol. 69(1), pages 83-102, July.
- Layard, Richard, 1977. "The Distributional Effects of Congestion Taxes," Economica, London School of Economics and Political Science, vol. 44(175), pages 297-304, August.
- William Vickrey, 1971. "Responsive Pricing of Public Utility Services," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 337-346, Spring.
- Ward Elliott, 2000. "Greenbacks Uber Gridlock: REACH Task Force Shows L.A. How to Save Billions in Smog and Congestion Costs," Claremont Colleges Working Papers 2000-42, Claremont Colleges.
- Lars-Olof Johansson & Mathias Gustafsson & Gunnar Falkemark & Tommy Gärling & Olof Johansson-Stenman, 2003. "Goal conflicts in political decisionmaking: a survey of municipality politicians' views of road pricing," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 21(4), pages 615-624, August.
- David E. Boyce & Hani S. Mahmassani & Anna Nagurney, 2005. "A retrospective on Beckmann, McGuire and Winsten's "Studies in the Economics of Transportation"," Papers in Regional Science, Wiley Blackwell, vol. 84(1), pages 85-103, 03.
- Newbery, David M, 1990. "Pricing and Congestion: Economic Principles Relevant to Pricing Roads," Oxford Review of Economic Policy, Oxford University Press, vol. 6(2), pages 22-38, Summer.
- Verhoef, Erik T., 2002. "Second-best congestion pricing in general networks. Heuristic algorithms for finding second-best optimal toll levels and toll points," Transportation Research Part B: Methodological, Elsevier, vol. 36(8), pages 707-729, September.
- Shorey Peterson, 1932. "Highway Policy on A Commercial Basis," The Quarterly Journal of Economics, Oxford University Press, vol. 46(3), pages 417-443.
- Keeler, Theodore E & Small, Kenneth A, 1977. "Optimal Peak-Load Pricing, Investment, and Service Levels on Urban Expressways," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 1-25, February.
- William H. Sandholm, 2005. "Negative Externalities and Evolutionary Implementation," Review of Economic Studies, Oxford University Press, vol. 72(3), pages 885-915.
- De Vany, Arthur & Saving, Thomas R, 1980. "Competition and Highway Pricing for Stochastic Traffic," The Journal of Business, University of Chicago Press, vol. 53(1), pages 45-60, January.
When requesting a correction, please mention this item's handle: RePEc:ejw:journl:v:3:y:2006:i:2:p:292-379. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jason Briggeman)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.