Geroliminis, NikolasLevinson, David M2016-05-022016-05-022009Geroliminis, Nikolas and David Levinson (2009) Cordon Pricing Consistent with the Physics of Overcrowding. (219-240) in Transportation and Traffic Theory 2009: Golden Jubilee. (ed. William H. K. Lam, S. C. Wong and Hong K. Lo) Springer.https://hdl.handle.net/11299/179992This paper describes the modeling of recurring congestion in a network. It is shown that the standard economic models of marginal cost cannot describe precisely traffic congestion in networks during time-dependent conditions. Following a macroscopic traffic approach, we describe the equilibrium solution for a congested network in the no-toll case. A dynamic model of cordon-based congestion pricing (such as for the morning commute) for networks is developed consistent with the physics of traffic.  The paper combines Vickrey’s theory with a macroscopic traffic model, which is readily observable with existing monitoring technologies. The paper also examines some policy implications of the cordon-based pricing to treat equity and reliability issues, i.e. in what mobility level a city should choose to operate. An application of the model in a downtown area shows that these schemes can improve mobility and relieve congestion in cities.enCordon Pricing, Congestion Pricing, Road Pricing, Value Pricing, Social EquityArticlehttp://dx.doi.org/10.1007/978-1-4419-0820-9_11