Step tolling with price sensitive demand : Why more steps in the toll makes the consumer better off Research Memorandum 2012-3


Most dynamic models of congestion pricing use fully time-variant tolls. However, in practice, tolls are uniform over the day or at most have a few steps. Such uniform and step tolls have received surprisingly little attention from the literature. Moreover, most models that do study them assume that demand is insensitive to price. This seems an empirically… (More)


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