Topic: 7.transport Themes - traffic

A complete indexing and article service is available free from 1967 to 2000

The Value of traffic Management. A Reply

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.

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traffic Studies and Urban Congestion

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.

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The Value of traffic Management

There has been intensive traffic management in London since 1961. An examination of the available evidence shows that the true capacity of central London has fallen as a result. Other effects are also considered.

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Second-Best Regulation of Road transport Externalities

The paper examines the welfare characteristics of second-best alternatives to first-best differentiated road pricing, when it is not possible to achieve optimal tax differentiation. The optimal second-best fee is found to be a weighted average of the first-best differentiated fees, the weights depending on factors such as elasticities and group sizes. The welfare effects of second-best regulation are evaluated.

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Road Congestion Pricing: When is it a Good Policy?

This paper makes use of a model to investigate two objections to road congestion pricing: it may be inequitable and it generates perverse incentives for governments. The paper investigates how different congestion delay functions and different mixes of traffic affect these objections. The first is sensitive to these features; the second is more pervasive.

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