Congestion pricing

This chapter explains the basic ideas, concept and theories of congestion pricing, and then focuses on how the theoretical idea can be applied in practice. The first section gives a brief overview of the major operational urban congestion pricing schemes. The second section gives a summary of the theory of congestion pricing, stressing the points that are important for applications. The third section discusses benefits and costs in practice. The fourth section gives a summary of the vast literature of public and political opinions of congestion charges. Finally, the last section presents some speculations about the future of congestion pricing