This essential two-volume collection contains the most influential
articles written over the past eight decades that contribute to an
understanding of the economics of traffic congestion. The first
volume explores the classic contributions on congestion and road
pricing and includes papers in dynamic models and second-best
congestion pricing. The second volume analyses ownership
arrangements such as private roads, investment and financing, urban
land use, social acceptability and distributional aspects of road
pricing. Erik Verhoef has written an insightful introduction which
provides a clear overview of a problem which is of major importance
in both developed and developing countries.
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