This book examines the efficiency and feasibility of the regulation of road traffic congestion in theory and practice, and within the context of social and political feasibility. Increasing transport levels have other important external costs such as environmental effects, noise annoyance and accidents. The need to find an effective means of relieving congestion has become an important issue both at the national and local level. This book examines Pigouvian taxes, (after the 1920's economist Arthur Pigou), as well as considering a variety of other policies which may be more politically and socially acceptable. The contributors discuss alternatives to Pigouvian taxes, as well as congestion and urban development, congestion, pricing and road infrastructure investment, and road pricing and urban sustainability.
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