Congestion Offsets vs Road Pricing: The quest for efficiency and equity

Matthew Bradley and Jeff Kenworthy help us to set out on our search for USA tollbooth attendenteconomic instruments that can be effective in reducing traffic congestion while leveling the playing field between cars and other transport in ways that are both efficient and equitable.  They tell us that: “A major part of the urban transport problem today is a failure from the very beginning to acknowledge that congestion is fundamentally inequitable and unfair, impractical to construct away, and therefore must be properly charged for and controlled to eliminate the transport system dysfunction which is systemic in cities today.” Recommended reading for anyone with  a serious interest in how to get the most out of economic instruments in our troubled, seriously underperforming sector.

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