The political calculus of congestion pricing

David King, Michael Manville, Donald Shoup

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

It has been a commonplace event for transportation economists to put the conventional [congestion theory] diagram on the board, note the self-evident optimality of pricing solutions, and then sit down waiting for the world to adopt this obviously correct solution.Well,we have been waiting for seventy years now, and it's worth asking what are the facets of the problem we have been missing. Why is the world reluctant to do the obvious? (Charles Lave).

Original languageEnglish (US)
Title of host publicationRoad Congestion Pricing in Europe
Subtitle of host publicationImplications for the United States
PublisherEdward Elgar Publishing Ltd.
Pages357-382
Number of pages26
ISBN (Print)9781847203809
StatePublished - Dec 1 2008
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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  • Cite this

    King, D., Manville, M., & Shoup, D. (2008). The political calculus of congestion pricing. In Road Congestion Pricing in Europe: Implications for the United States (pp. 357-382). Edward Elgar Publishing Ltd..