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The Fundamental Law of Road Congestion: Evidence from US Cities (Forthcoming, Duranton, Gilles and Turner, Matthew A., American Economic Review, Feb. 2011)
The article under review today confirms (with extensive evidence and analysis) what many of those who study traffic and road use already believed: that building roads does not relieve congestion, it adds to it. Further that adding transit does not help either. The only choice between road building, more transit or congestion pricing is the latter – which happens also to be the one that covers its own costs or even adds revenue back into road budgets.
To read more about this post and Key Quotes and Links to key reports, click HERE
Filed under: PRICING, Urban Traffic Tagged: | congestion, pricing, roads
