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The Economics of Traffic Congestion

Erik Verhoef

This essential research review contains the most influential articles written over the past eight decades that contribute to an understanding of the economics of traffic congestion. The review first explores the classic contributions on congestion and road pricing and includes papers in dynamic models and second-best congestion pricing. It goes on to analyse ownership arrangements such as private roads, investment and financing, urban land use, social acceptability and distributional aspects of road pricing.

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