Exploring Road Pricing and Tradable Credits in Multi-Actor Transport Systems
04 Mar 2026
-
Simple pricing can go a long way. A modest, well-designed cordon toll captures a large share of the attainable system benefits without requiring overly complex differentiation
-
Tradable credits are not a silver bullet. While tradable credit schemes can improve political acceptability by redistributing value to users internally, they do not outperform well-designed tolls in terms of transportation efficiency and come with greater implementation complexity
-
Governance structure matters. Outcomes change significantly when bus services are privatized or when authorities take different strategic positions — institutional design is as important as price levels



