Great texts to put your kids to sleep.
Accessible online pieces for the lay person.
- Why You’ll Love Paying for Roads that Used to Be Free (2009). Eric A. Morris. Short, quick intro to the rationale for road pricing. From the Freaknomics Blog.
- Congestion Charges (2011). David Levinson. Uses graphs to make the economic case for congestion pricing quickly and readably. If you’re writing a report, this is a great place to start. From the excellent transportation economics Wikibook.
- The Discrete Charms of Congestion Pricing (2009). Lewis Lehe. A 5-page intro to congestion pricing with defenses against common criticisms. From Pitt Political Review.
- Why American Traffic Jams are like Soviet Breadlines (2009). Joe Cortwright. The eerie similarities between congestion and shortages in communist countries.
- Do Economists Reach a Conclusion on Road Pricing? (2007). Dr. Robin Lindsey. The intellectual history of an idea. Highlights what points stir disagreement.
- Road Pricing and Public Transit: Unnoticed Lessons from London (2003) Dr. Kenneth Small. Road pricing and bus transit create a virtuous cycle.
- The Behavioral Science of Transportation (2007) Dr. Daniel McFadden. Nobel laureate McFadden summarizes the history of transportation research and ends with a meditation on why voters hate road pricing:
Consumers show asymmetries, with losses from their reference points
looming larger than gains, and future, uncertain, or ambiguous events
heavily discounted relative to the present. For example, a majority of
drivers queued on a congested highway have the perception that other
lanes move more quickly than their own. This is caused by loss
aversion, the fact that falling behind the truck one lane over is more
noticeable and more painful than the satisfaction from gaining
equivalent ground. This leads drivers, and consumers more generally,
to mistrust proposed changes from their status quo, and to fear
markets that confront them with these choices.