Traffic congestion threatens to destroy Southern California's economic vitality, strangling growth and curtailing economic opportunities for lower and middle-income people. Direct pricing, with higher prices during peak hours, would bring demand into balance with supply, would shift non-work trips away from rush hours, and would also generate revenues to increase roadway capacity. This paper discusses private tollways for resolving gridlock in Southern California in the following sections: (1) Traffic congestion and Southern California; (2) Why road use should be priced directly; (3) Toll-road practice today; (4) Electronic road pricing; (5) Private tollways for Southern California; and (6) Taking the next steps. 28p.
For several decades, economists have advocated direct pricing of highway use to resolve congestion problems. New technology and changing socioeconomic...
Congestion pricing has been advocated as an efficient way to mitigate traffic congestionsince 1920s. A prevalent form of congestion pricing in the U.S...
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