Traffic congestion: Tolls
One way to mitigate the consequences of drivers' selfish behavior, is by introducing tolls (or taxes) on certain parts of the road network. This is also known as road pricing.
Traffic congestion: Pigou's example
In network congestion models, we make some simplifying assumptions that make our life easier. In a large-scale system, each individual driver contributes a tiny amount to congestion, if we assume that every car controls the same amount of traffic.
Congested Roads
Traffic jams are one of the biggest inconveniences in modern time. They lead to stressful situations for commuters, and cause huge economical and environmental damage. How could mathematics help?