Challenges of road pricing

Frank Kelly


CWI in Bedrijf,
Centrum voor Wiskunde en Informatica, Amsterdam, 16 November 2006.


Forecasts using the UK National Transport Model suggest that a well-targeted national road pricing scheme could achieve 10 billion worth of time savings a year in Great Britain alone (Feasibility Study of Road Pricing in the UK, Department for Transport, July 2004). And indeed road pricing has had strong theoretical support over many decades (Pigou, Walters, Vickrey, Smeed). So what's the problem with implementing road pricing? This talk will outline some of the challenges, and, in particular, some of the technology, economic and network modelling issues.


Presentation


References:

Road pricing
Ingenia 29, (2006).
The Mathematics of Traffic in Networks


Further Reading:

Road pricing, Wikipedia
Road pricing, TDM Encyclopedia
The evolution of price discrimination in transportation and its implications for the Internet
A. M. Odlyzko, Review of Network Economics 3 (2004) 323-346
Background and current research on road pricing, UK Department for Transport
London Congestion Charge:
Transport for London's page
Wikipedia Chapter
Pay As You Drive insurance:
TDM Encyclopedia Chapter
Norwich Union scheme