IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/20184_8.html
   My bibliography  Save this book chapter

Road pricing and provision of capacity

In: Handbook on Transport Pricing and Financing

Author

Listed:
  • Se-il Mun
  • Daisuke Fukuda

Abstract

This chapter reviews recent theoretical and empirical studies on road congestion pricing and provision of capacity, in particular, second-best pricing, modeling dynamic congestion, and capacity choice. We discuss the basic principle of the second-best pricing, and summarize the contributions of cordon pricing, value pricing, and more sophisticated pricing schemes relying on information technology. Regarding dynamic congestion, there are various extensions of the bottleneck model, and a new strand of research on the macroscopic fundamental diagram (MFD) or bathtub model. We describe the basic theory of capacity choice with optimal pricing, then review subsequent studies on the second-best capacity choice, decentralized provision of capacity. Empirical research based on innovative data collection methods combined with advanced econometric techniques provides a more accurate evaluation of road pricing policies.

Suggested Citation

  • Se-il Mun & Daisuke Fukuda, 2023. "Road pricing and provision of capacity," Chapters, in: Alejandro Tirachini & Daniel Hörcher & Erik T. Verhoef (ed.), Handbook on Transport Pricing and Financing, chapter 8, pages 146-170, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20184_8
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781800375550/9781800375550.00015.xml
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:20184_8. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.