The Department for Transport's Feasibility Study of Road Pricing in the UK estimates that a well-targeted national road pricing scheme could achieve £10 billion worth of time savings a year. Indeed, road pricing has had strong theoretical support over many decades. So what is the problem with implementing road pricing? What are the challenges and, in particular, what technology, economic and network modelling issues need to be overcome to make it happen?
Article on Road Pricing
Abridged version, from Proceedings of Conference on Statistics, Science and Public Policy (A.M. Herzberg, editor). Herstmonceux Castle, April 2008.
References relevant for the paper.
Queueing conundrum Evan Davis.
A recent talk on the challenges of road pricing.