Thursday, July 29, 2004
Credit-Based Congestion Pricing
Credit-Based Congestion Pricing: A Policy Proposal and the Public's Response
Credit-Based Congestion Pricing: Travel, Land Value and Welfare Impacts
Came across this interesting congestion-pricing scheme at the University of Texas civil engineering department website. Essentially it works like tradable pollution permits - drivers receive a monthly allowance of travel "credits" - if they exceed their monthly allowance they pay out-of-pocket, if they use less than their monthly allowance they receive credits that can be used the next month or exchanged for cash. In other words, peak-hour drivers pay others to stay off the highway, theoretically reducing congestion.
Credit-Based Congestion Pricing: Travel, Land Value and Welfare Impacts
Came across this interesting congestion-pricing scheme at the University of Texas civil engineering department website. Essentially it works like tradable pollution permits - drivers receive a monthly allowance of travel "credits" - if they exceed their monthly allowance they pay out-of-pocket, if they use less than their monthly allowance they receive credits that can be used the next month or exchanged for cash. In other words, peak-hour drivers pay others to stay off the highway, theoretically reducing congestion.
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