In February 2003, the London Congestion Charging Scheme was
introduced and in 2006 a similar policy was introduced in
Stockholm. In both cases automobile traffic entering the cordon
declined by about 20 percent. This book evaluates these and other
similar programs exploring their implications for the United
States. While there is increasing interest in road pricing in the
US in many individual states, the motivation is often highway
financing rather than congestion relief. The contributors argue
that the prospects for extensive implementation in the US remain
uncertain. Nevertheless, this book illustrates that the European
experience suggests political feasibility is much less of a hurdle
than was once considered and that congestion pricing would have a
significant impact in reducing traffic as it did in Europe. This
study's value lies in the fact that it examines road pricing in the
real world and not simply from a theoretical viewpoint. As a
comparative study it will appeal to both policymakers and academics
in transportation economics and planning, urban economics, planning
and economic geography.
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