The London congestion charging
<p>Traffic congestion is a textbook example of an externality and therefore calls for some government intervention if efficiency is to be achieved. Simple as road pricing may sound, it has seldom been adopted as a real world policy. With the exception of Singapore, which in 1975 implemented t...
Main Author: | Santos, G |
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Format: | Journal article |
Published: |
Brookings Institution Press
2008
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