London Congestion Pricing – Implications for Other Cities

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Understanding Transport Demands and Elasticities: How Prices and Other Factors Affect Travel Behavior (2012, background): “…downtown London during weekdays, which reduced private automobile traffic in the area by 38% and total vehicle traffic (including buses, taxis, and trucks) by 18%, a greater reduction than planners predicted indicating a higher price elasticity than economists expect, as described in Litman (2003).”
Interventions to Break and Create Consumer Habits (2006, background): “According to Litman (2006), this policy has significantly reduced traffic congestion in the area, increased use of bus and taxi services, and generated substantial government revenues.”