Road pricing: some further comments

References

• Button , K. J. and Pearman , A. D. 1983 . “Road pricing — some of the more neglected and theoretical implications.” . Transportation Planning and Technology , 8 : 15 – 27 .
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• Button and Pearman, op. cit. p. 20 (1983).
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• Button and Pearman, op. cit. section 4 (1983).
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• The X traffic would be faced with higher costs if the aggregate optimal traffic flow was less than the initial flow of X‐traffic. See Additional Note below.
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• Heggie , I. G. 1976 . “A diagnostic survey of urban journey to work behaviour,” . In Travel Time and Travel Choice Edited by: Heggie , I. G. Oxford
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• Or the losses may be higher than with discriminatory pricing.
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• Although the resultant allocation of road space would be a less efficient one.
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• Button and Pearman, op. cit. p. 24 (1983).
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• Nichols , D. , Smolensky , E. and Tideman , T. N. 1971 . “Discrimination by waiting time in merit goods,” . American Economic Review , 61 : 312 – 323 .
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• For example, it might be a single track bridge controlled by traffic lights at each end.
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• E.g. with queueing time valued at OPx by the X‐traffic, it would be valued at OPy (=½OPx) by the Y‐traffic, and F2 F0 vehicles per hour from the Y traffic would use the bridge.
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