Congestion Pricing and the Future of Transit

Abstract

Congestion pricing provides opportunities for transit to become more self-reliant. Both the theory of congestion pricing and its use in congested US corridors are examined. A 5% increase in commuter demand for transit is estimated in suburban corridors. New opportunities for transit are required if transit is to remain competitive in the USA. Automobile commuting is faster and more convenient as well as generously cross-subsidized for most US urban commuters.