Are Prices in Charge of Congestion? An Empirical Study of Increased Congestion Charge and Traffic in Stockholm
Economic theory often suggests congestion pricing to smooth the demand for traffic from periods of high demand to periods with lower demand. However, the real-world implementation of con- gestion charges remains limited. This study investigates the relationship between time-varying congestion charges and traffic volumes. By applying a difference-in-difference (DiD) method on hourly level traffic d