This paper analyses the welfare implications of information provision with random road traffic congestion. The results show that, information provision will generate positive and negative internal and external effects both to the informed and the uninformed drivers and will lead to a Pareto improvement.
The contention in Mr. Thomson’s article in the January 1968 issue of this journal, that in London traffic management has reduced rather than increased the capacity of the network, is attacked, and defended, in a rejoinder.
The inaugural address by the Professor of traffic Studies at University College, London. Professor Smeed gives a quantitative analysis of capacity and congestion in real and imaginary town centres, and considers some suggested remedies. He concludes that there are major questions affecting the life and welfare of the community which cannot be answered without more information, and that the universities can help to provide it.
