We study optimal cordon tolling in a general equilibrium model of the Chicago MSA. Adjustments in travel, housing and labor markets blunt the toll's impact. Residence relocations drive job relocations and vice versa. The outflow of jobs and residences out of the cordoned area is checked by...

We present a general equilibrium framework of optimal allocation treating the pricing, finance and supply of urban transportation. Uncongested public transportation technology with economies of scale supports the city's existence; and a congested road system subject to constant returns limits...

After decades of study, the value of travel time remains incompletely understood and ripe for further theoretical and empirical investigation. Research has revealed many regularities and connections between willingness to pay for time savings and other economic factors including time of day...

We extend the traditional road investment model, with its focus on capacity and congestion as measures of capital and its utilization, to include free-flow speed as another dimension of capital. This has practical importance because one can view free-flow speed as a continuous proxy for road...

Donald Shoup, following Vickrey, has long advocated cashing out free and underpriced parking. How should this be implemented for curbside parking in practice, considering the stochasticity of curbside parking vacancies? Shoup has proposed adjusting meter rates such that, for each block and time...