Congestion Pricing

Congestion pricing aims to alleviate traffic congestion and optimize resource allocation in transportation networks by charging users for road usage, often varying by time and location. Current research focuses on developing equitable pricing schemes that mitigate the disproportionate impact on low-income individuals, employing models such as congestion games and reinforcement learning algorithms to dynamically adjust tolls based on real-time traffic data and user behavior. These advancements hold significant potential for improving urban mobility, reducing environmental impact, and generating revenue for infrastructure improvements, while addressing fairness concerns through mechanisms like credit-based systems and artificial currencies.