Abstract
Recently, cities around the world have tried to introduce congestion-pricing policies or have already implemented such policies in order to alleviate urban traffic congestion. Researchers in economics, civil engineering, transportation engineering, city planning and applied mathematics and other fields have used broad approaches, such as theoretical, empirical, and case studies, to investigate the topic. This article reviews recent papers on this topic including my previous studies and tries to offer its future prospect. Especially, this review attempts to synthesize previous findings regarding first-best and second-best pricing, equity issues, new schemes for refunding revenues, dynamic modeling, and so on.
