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The Nobel Memorial Prize in Economic Sciences , officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( Swedish : Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne ), is an economics award funded by Sveriges Riksbank and administered by the Nobel Foundation .

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74-485: AutoExpreso is an electronic toll collection system used on tollways in the United States territory of Puerto Rico . The system uses passive transponders where payment status is indicated by a light at the toll plazas. In 2012, AutoExpreso became the exclusive form of payment on most of Puerto Rico's tollways, with cash no longer being accepted. However, until 2015, cash was still accepted on PR-5 and PR-22 due to

148-602: A comprehensive study to evaluate the feasibility of introducing congestion pricing. The charge would be combined with other traffic reduction implementations, allowing money to be raised for public transit improvements and bike and pedestrian enhancements. The various pricing scenarios considered were presented in public meetings in December 2008, with final study results expected in 2009. (see San Francisco congestion pricing ) Taiwan Highway Electronic Toll Collection System (see Electronic Toll Collection (Taiwan) ) In December 2013,

222-441: A large amount of information in both directions between the road and the vehicle, but also of providing route information. Thus, ETC 2.0 has far more advanced functions than ETC 8 (which provides only toll collection function on toll roads). The ETC 2.0 system provides a variety of advantages to road users through information provision services, such as congestion avoidance, safe driving support, etc., and route information collected by

296-730: A payment at chain convenient store at third day after vehicle travel, since a subscription to ETC is not mandated by law. Taiwan was the first country to transfer from flat-rate toll stations to a distance-based pay-as-you-go tolling system on all of its freeways. It has the longest ETC freeway mileage in the world. Electronic toll collection systems rely on four major components: automated vehicle identification, automated vehicle classification, transaction processing, and violation enforcement. The four components are somewhat independent, and, in fact, some toll agencies have contracted out functions separately. In some cases, this division of functions has resulted in difficulties. In one notable example,

370-630: A picture of the license plate to identify the vehicle, and a bill may be mailed to the address where the car's license plate number is registered, or drivers may have a certain amount of time to pay online or by phone. Singapore was the first city in the world to implement an electronic road toll collection system known as the Singapore Area Licensing Scheme for purposes of congestion pricing, in 1974. Since 2005, nationwide GNSS road pricing systems have been deployed in several European countries. With satellite-based tolling solutions, it

444-628: A prepaid M-TAG account. The European Union issued the EFC-directive, which attempts to standardize European toll collection systems. Systems deployed after January 1, 2007 must support at least one of the following technologies: satellite positioning, mobile communications using the GSM-GPRS standard or 5.8 GHz microwave technology. Furthermore, the European Commission issued the Regulation on

518-708: A similar manner as and announced alongside the Nobel Prize recipients, and receive the Prize in Economic Sciences at the Nobel Prize Award Ceremony. That the prize is not an original Nobel Prize has been a subject of controversy, with four of Nobel's relatives having formally distanced themselves from the Prize in Economic Sciences. The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank, Sveriges Riksbank , to commemorate

592-502: A system of electronic tolling for the Washington Metropolitan Area in 1959. In the 1960s and the 1970s, the first prototype systems were tested. Norway has been a world pioneer in the widespread implementation of this technology, beginning in 1986. Italy was the first country to deploy a full electronic toll collection system in motorways at national scale in 1989. In 1959, Nobel Economics Prize winner William Vickrey

666-641: A tempting target for toll evasion. Several methods can be used to deter toll violators. Nobel Economics Prize Although not one of the five Nobel Prizes established by Alfred Nobel's will in 1895, it is commonly referred to as the Nobel Prize in Economics , and is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Winners of the Prize in Economic Sciences are chosen in

740-542: A vehicle on another operator's tolled road with the tolls incurred charged to the driver's toll-payment account with their home operator. An example is the United States E-ZPass tag, which is accepted on toll roads, bridges and tunnels in fifteen states from Illinois to Maine . In Australia, there are a number or organizations that provide tags known as e-TAG that can be used on toll roads. They include Transport for NSW 's E-Toll and Transurban 's Linkt . A toll

814-411: A wireless system to automatically collect the usage fee or toll charged to vehicles using toll roads , HOV lanes , toll bridges , and toll tunnels . It is a faster alternative which is replacing toll booths , where vehicles must stop and the driver manually pays the toll with cash or a card. In most systems, vehicles using the system are equipped with an automated radio transponder device. When

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888-442: Is a truck tolling system in (Germany). This system instead uses Global Positioning System location information to identify when a vehicle is located on a tolled Autobahn . Implementation of this system turned out to be far lengthier and more costly than expected. As smart phone use becomes more commonplace, some toll road management companies have turned to mobile phone apps to inexpensively automate and expedite paying tolls from

962-498: Is accepted on all toll roads in the country. In Brazil, the Sem Parar/Via-Fácil system allows customers to pass through tolls in more than 1,000 lanes in the states of São Paulo, Paraná, Rio Grande do Sul, Santa Catarina, Bahia and Rio de Janeiro. Sem Parar/Via-Fácil also allows users to enter and exit more than 100 parking lots. There are also other systems, such as via expressa, onda livre and auto expresso, that are present in

1036-409: Is accomplished by a combination of a camera which takes a picture of the car and a radio frequency keyed computer which searches for a drivers window/bumper mounted transponder to verify and collect payment. The system sends a notice and fine to cars that pass through without having an active account or paying a toll. Factors hindering full-speed electronic collection include: Even if line lengths are

1110-468: Is called (see AutoPASS ). In 1995, Portugal became the first country to apply a single, universal system to all tolls in the country, the Via Verde , which can also be used in parking lots and gas stations. The United States is another country with widespread use of ETC in several states, though many U.S. toll roads maintain the option of manual collection. ETC 2.0 is not only capable of sending and receiving

1184-479: Is debited to the customer's account with their tag provider. Some toll road operators – including Sydney's Sydney Harbour Tunnel , Lane Cove Tunnel and Westlink M7 , Melbourne's CityLink and Eastlink , and Brisbane's Gateway Motorway – encourage use of such tags, and apply an additional vehicle matching fee to vehicles without a tag. A similar device in France, called Liber-T for light vehicles and TIS-PL for HGVs,

1258-404: Is in the urban context of congested cities, allowing to charge tolls without vehicles having to slow down. This application made feasible to concession to the private sector the construction and operation of urban freeways, as well as the introduction or improvement of congestion pricing , as a policy to restrict auto travel in downtown areas. Between 2004 and 2005, Santiago, Chile , implemented

1332-414: Is not necessary to install electronic readers beside or above the road in order to read transponders since all vehicles are equipped with On Board Units having Global Navigation Satellite System (GNSS) receivers in order to determine the distance traveled on the tolled road network - without the use of any roadside infrastructure. US Nobel Economics Prize winner William Vickrey was the first to propose

1406-408: Is sufficient to make the no-stop-to-pay savings insignificant compared to time still lost due waiting in line to pass the toll gate. Toll plazas are typically wider than the rest of the highway; reducing the need for them makes it possible to fit toll roads into tight corridors. Despite these limitations, if delay at the toll gate is reduced, the tollbooth can serve more vehicles per hour. The greater

1480-575: Is the process of determining the identity of a vehicle subject to tolls. The majority of toll facilities record the passage of vehicles through a limited number of toll gates. At such facilities, the task is then to identify the vehicle in the gate area. Some early AVI systems used barcodes affixed to each vehicle, to be read optically at the toll booth. Optical systems proved to have poor reading reliability, especially when faced with inclement weather and dirty vehicles. Most current AVI systems rely on radio-frequency identification , where an antenna at

1554-504: The Financial Times , both the former Swedish minister for finance , Kjell-Olof Feldt , and the former Swedish minister for commerce, Gunnar Myrdal , wanted the prize abolished, with "Myrdal rather less graciously want[ing] the prize abolished because it had been given to such reactionaries as Hayek (and afterwards Milton Friedman )." Relatedly, it has been noted that several members of the awarding committee have been affiliated with

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1628-690: The Garden State Parkway in New Jersey, and at various locations in California, Florida, Pennsylvania, Delaware, and Texas, cars can travel through electronic lanes at full speed. Illinois' Open Road Tolling program features 274 contiguous miles of barrier-free roadways, where I-PASS or E-ZPass users continue to travel at highway speeds through toll plazas, while cash payers pull off the main roadway to pay at tollbooths. Currently over 80% of Illinois' 1.4 million daily drivers use an I-PASS. Enforcement

1702-586: The Mont Pelerin Society . Milton Friedman was awarded the 1976 prize in part for his work on monetarism . Awarding the prize to Friedman caused international protests. Friedman was accused of supporting the military dictatorship in Chile because of the relation of economists of the University of Chicago to Pinochet , and a controversial six-day trip he took to Chile during March 1975 (less than two years after

1776-604: The New Jersey E-ZPass regional consortium's Violation Enforcement contractor did not have access to the Transaction Processing contractor's database of customers. This, together with installation problems in the automated vehicle identification system, led to many customers receiving erroneous violation notices, and a violation system whose net income, after expenses, was negative, as well as customer dissatisfaction. Source: Automated vehicle identification (AVI)

1850-549: The committee 's bias towards mainstream economics , though heterodox economists like Friedrich Hayek ( Austrian School ) and Ronald Coase (associated with new institutional economics ) have won. In his speech at the 1974 Nobel Prize banquet, Friedrich Hayek stated that had he been consulted on the establishment of a Nobel Prize in economics, he would have "decidedly advised against it", primarily because "The Nobel Prize confers on an individual an authority which in economics no man ought to possess. This does not matter in

1924-505: The controlled-access expressways in 2001. By 2019, 92% of drivers are using ETC. ETC was first introduced in Bergen , Norway, in 1986, operating together with traditional tollbooths. In 1991, Trondheim introduced the world's first use of completely unaided full-speed electronic tolling. Norway now has 25 toll roads operating with electronic fee collection (EFC), as the Norwegian technology

1998-414: The natural sciences . Here the influence exercised by an individual is chiefly an influence on his fellow experts; and they will soon cut him down to size if he exceeds his competence. But the influence of the economist that mainly matters is an influence over laymen: politicians, journalists, civil servants and the public generally." Nevertheless, Hayek accepted the award. According to Samuel Brittan of

2072-580: The European Electronic Toll Service (EETS) which must be implemented by all Member States from 19 October 2021. All toll roads in Ireland must support the eToll tag standard. From 2015, the Norwegian government requires commercial trucks above 3.5 tons on its roads to have a transponder and a valid road toll subscription. Before this regulation, two-thirds of foreign trucks failed to pay road tolls. The most revolutionary application of ETC

2146-484: The Nobel family has ever had the intention of establishing a prize in economics. He explained that "Nobel despised people who cared more about profits than society's well-being", saying that "There is nothing to indicate that he would have wanted such a prize", and that the association with the Nobel prizes is "a PR coup by economists to improve their reputation". Critics cite the apparent snub of Joan Robinson as evidence of

2220-559: The Nobel laureates in physics , chemistry , physiology or medicine , and literature , each laureate in Economics receives a diploma, gold medal, and monetary grant award document from the King of Sweden at the annual Nobel Prize Award Ceremony in Stockholm , on the anniversary of Nobel's death (December 10). The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen "for having developed and applied dynamic models for

2294-514: The Prize in Economics for the coming year. Members of the Academy and former laureates are also authorised to nominate candidates." All proposals and their supporting evidence must be received before February 1. The proposals are reviewed by the Prize Committee and specially appointed experts. Before the end of September, the committee chooses potential laureates. If there is a tie, the chairman of

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2368-947: The Royal Swedish Academy of Sciences "administers a researcher exchange with academies in other countries and publishes six scientific journals. Every year the Academy awards the Nobel Prizes in Physics and in Chemistry, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, the Crafoord Prize and a number of other large prizes". Each September the Academy's Economics Prize Committee, which consists of five elected members, "sends invitations to thousands of scientists, members of academies and university professors in numerous countries, asking them to nominate candidates for

2442-420: The accounts, and handling customer inquiries. The transaction processing component of some systems is referred to as a "customer service center". In many respects, the transaction processing function resembles banking, and several toll agencies have contracted out transaction processing to a bank. Customer accounts may be postpaid, where toll transactions are periodically billed to the customer, or prepaid, where

2516-475: The amount of the toll makes it easy to implement road congestion pricing , including for high-occupancy lanes, toll lanes that bypass congestion, and city-wide congestion charges. The payment system usually requires users to sign up in advance and load money into a declining-balance account, which is debited each time they pass a toll point. Electronic toll lanes may operate alongside conventional toll booths so that drivers who do not have transponders can pay at

2590-406: The analysis of economic processes". Three women have received the prize: Elinor Ostrom , who won in 2009, Esther Duflo , who won in 2019, and Claudia Goldin , who won in 2023. Goldin was the first woman to win the award solo. In February 1995, following acrimony within the selection committee pertaining to the awarding of the 1994 Prize in Economics to John Forbes Nash , the Prize in Economics

2664-489: The award and funds the monetary component of the award. In 2022, the monetary portion of the Prize in Economic Sciences was 10 million Swedish kronor , the same amount as the original Nobel Prizes. Since 2006, Sveriges Riksbank has given the Nobel Foundation an annual grant of 6.5 million Swedish kronor (in January 2008, approx. US$ 1 million; € 0.7 million) for its administrative expenses associated with

2738-412: The award as well as 1 million Swedish kronor (until the end of 2008) to include information about the award on the Nobel Foundation's web site. The Prize in Economic Sciences is not one of the Nobel Prizes endowed by Alfred Nobel in his will. However, the nomination process, selection criteria, and awards presentation of the Prize in Economic Sciences are performed in a manner similar to that of

2812-518: The bank's 300th anniversary. Laureates in the Prize in Economic Sciences are selected by the Royal Swedish Academy of Sciences . It was first awarded in 1969 to Dutch economist Jan Tinbergen and Norwegian economist Ragnar Frisch "for having developed and applied dynamic models for the analysis of economic processes". An endowment "in perpetuity" from Sveriges Riksbank pays the Nobel Foundation's administrative expenses associated with

2886-419: The booth. Open road tolling is an increasingly popular alternative which eliminates toll booths altogether; electronic readers mounted beside or over the road read the transponders as vehicles pass at highway speeds, eliminating traffic bottlenecks created by vehicles slowing down to go through a toll booth lane. Vehicles without transponders are either excluded or pay by plate – a license plate reader takes

2960-435: The car's bill." In the 1960s and the 1970s, free flow tolling was tested with fixed transponders at the undersides of the vehicles and readers, which were located under the surface of the highway. Plans were however scrapped and it never came into actual implementation. Modern toll transponders are typically mounted under the windshield, with readers located in overhead gantries. After tests in 1974, in 1975, Singapore became

3034-532: The charge permanent in 2007 (see Stockholm congestion tax ); and in Valletta , the capital city of Malta, since May 2007. In January 2008, Milan began a one-year trial program called Ecopass , a pollution pricing program in which low-emission-standard vehicles pay a user fee; alternative fuel vehicles and vehicles using conventional fuels but compliant with the Euro IV emission standard are exempted. The program

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3108-491: The committee casts the deciding vote. Members of the Royal Swedish Academy of Sciences vote in mid-October to determine the next laureate or laureates of the Prize in Economics. As with the Nobel Prizes, no more than three people can share the prize for a given year; they must still be living at the time of the Prize announcement in October; and information about Prize nominations cannot be disclosed publicly for 50 years. Like

3182-596: The coup that ended with the suicide of its democratically elected President Salvador Allende ). Friedman himself answered that he never was an adviser to the dictatorship, but only gave some lectures and seminars on inflation and met with officials, including Augusto Pinochet , in Chile. Four Nobel Prize laureates – George Wald , Linus Pauling , David Baltimore and Salvador Luria  – wrote letters in October 1976 to The New York Times protesting Friedman's award. The 2005 prize to Robert Aumann

3256-473: The customer funds a balance in the account which is then depleted as toll transactions occur. The prepaid system is more common, as the small amounts of most tolls makes pursuit of uncollected debts uneconomic. Most postpaid accounts deal with this issue by requiring a security deposit , effectively rendering the account a prepaid one. Source: A violation enforcement system (VES) is useful in reducing unpaid tolls, as an unmanned toll gate otherwise represents

3330-455: The end of the journey. Dr. Eng. Mario Alvisi is considered the father of ETC in motorways because not only co-designed Telepass but was able to make it the first standardized operating ETC system in the world as European standard in 1996. He acted as a consultant for deployment of ETC in many countries including Japan, United States, Brazil. In Japan, only the ETC System was constructed in all of

3404-469: The first country in the world to implement an electronic road toll collection system known as the Singapore Area Licensing Scheme for purposes of congestion pricing on its more urbanized roads. It was refined in 1998 as Electronic Road Pricing (ERP). Italy deployed a full ETC in motorways at national scale in 1989. Telepass , the brand name of the ETC belonging to Autostrade S.p.A. now Autostrade per l'Italia ,

3478-420: The gaps between vehicles, to provide basic information on the presence of a vehicle. With clever software processing of the inductive data a wide range of vehicle classes can be derived by careful analysis of the inductive profile. Treadles permit counting the number of axles as a vehicle passes over them and, with offset-treadle installations, also detect dual-tire vehicles. Light-curtain laser profilers record

3552-435: The highway into segments, each having a price value determined by distance to the next gate (interchange). A daily gate count is calculated at midnight, and the total charge is deducted in 48 hours. Each vehicle receives a further discount after the first 200 kilometers, and eTag subscribers with prepaid accounts get a further 10% reduction. Non-subscribers are billed by license plate recognition and mail statements, or can make

3626-519: The lanes. One such example application is Alabama Freedom Pass mobile, used to link customer accounts at sites operated by American Roads LLC. The app communicates in real time with the facility transaction processing system to identify and debit customer accounts or bill a major credit card. Source: Automated vehicle classification is closely related to automated vehicle identification (AVI). Most toll facilities charge different rates for different types of vehicles, making it necessary to distinguish

3700-450: The long term, the greater the relative advantage that registering and turning one's vehicle into an electronic-toll one provides, the faster cars will be converted from manual-toll use to electronic-toll use, and therefore the fewer manual-toll cars will drag down average speed and thus capacity. In some countries, some toll agencies that use similar technology have set up (or are setting up) reciprocity arrangements, which permit one to drive

3774-550: The need for transponders, some systems, notably the 407 ETR (Express Toll Route) near Toronto and the A282 ( M25 ) Dartford Crossing in the United Kingdom, use automatic number plate recognition. Here, a system of cameras captures images of vehicles passing through tolled areas, and the image of the number plate is extracted and used to identify the vehicle. This allows customers to use the facility without any advance interaction with

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3848-399: The old toll stations were replaced by distance-based pay-as-you-go all-electronic toll collection on all of Taiwan's major freeways. All tolls are collected electronically by overhead gantries with multi-lane free flow, not at traditional toll booths. Taiwan was the first country to switch from manual tolling to all-electronic, multi-lane free-flow tolling on all of its freeways. To simulate

3922-468: The original Nobel Prizes. Laureates are announced with the Nobel Prize laureates, and receive the award at the same ceremony. The Royal Swedish Academy of Sciences awards the prize "in accordance with the rules governing the award of the Nobel Prizes instituted through his [Alfred Nobel's] will", which stipulate that the prize be awarded annually to "those who ... shall have conferred the greatest benefit on mankind". According to its official website,

3996-444: The previous model, where a vehicle would not pass toll collection over short-distance travel, each vehicle receives 20 kilometers per diem of free travel and is billed NT$ 1.2 per kilometer thereafter. Buses and trailers are subject to heavy vehicle surcharges. The highway administration may alter fares (e.g. remove the per diem ) during peak travel seasons to facilitate distribution of congestion to midnight hours. The toll gates divide

4070-451: The privatization of those tollways. In addition to window transponders, a card form of AutoExpreso known as MóvilCash is also available. AutoExpreso is not interoperable with other electronic toll collection systems outside Puerto Rico (such as E-ZPass in the northeastern United States or SunPass in Florida). Electronic toll collection Electronic toll collection ( ETC ) is

4144-505: The prize for work in the field of behavioral economics . Some critics argue that the prestige of the Prize in Economic Sciences derives in part from its association with the Nobel Prizes, an association that has often been a source of controversy. Among them is the Swedish human rights lawyer Peter Nobel , a great-grandnephew of Alfred Nobel . Nobel accuses the awarding institution of misusing his family's name, and states that no member of

4218-483: The road side devices and greatly contribute to ITS promotion. As of March 2018, in Japan, a total of approximately 2.61 million vehicles are equipped with devices compliant with the ETC 2.0. In some urban settings, automated gates are in use in electronic-toll lanes, with 5 mph (8 km/h) legal limits on speed; in other settings, 20 mph (35 km/h) legal limits are not uncommon. However, in other areas such as

4292-409: The same in electronic lanes as in manual ones, electronic tolls save registered cars time: eliminating the stop at a window or toll machine, between successive cars passing the collection machine, means a fixed-length stretch of their journey past it is traveled at a higher average speed, and in a lower time. This is at least a psychological improvement, even if the length of the lines in automated lanes

4366-443: The secretary and four of the five members are professors of economics. In 1978, Herbert A. Simon , whose PhD was in political science , became the first non-economist to win the prize, for his work in the fields of economics and organizational decision making. Elinor Ostrom , also a political scientist, won the prize in 2009. Similarly, Daniel Kahneman , a professor of psychology and public affairs at Princeton University , won

4440-421: The shape of the vehicle, which can help distinguish trucks and trailers. In modern systems simple laser light curtains are being replaced with more technically advanced Lidar systems. These safety critical systems, used in autonomous vehicles, are less sensitive to environmental conditions. Source: Transaction processing deals with maintaining customer accounts, posting toll transactions and customer payments to

4514-422: The states of Rio de Janeiro, Rio Grande do Sul, Santa Catarina, Parana and Minas Gerais. Since 2016, National Highway Authority of Pakistan implemented electronic toll collection on its motorway network using a RFID -based tag called the "M-TAG". The tag is attached to the windscreen of vehicles and is automatically scanned at toll plazas on entry and exit, meanwhile debiting the calculated toll tax from

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4588-423: The throughput of any toll lane, the fewer lanes required, so construction costs can be reduced. Specifically, the toll-collecting authorities have incentives to resist pressure to limit the fraction of electronic lanes in order to limit the length of manual-lane lines. In the short term, the greater the fraction of automated lanes, the lower the cost of operation (once the capital costs of automating are amortized). In

4662-479: The toll agency. The disadvantage is that fully automatic recognition has a significant error rate, leading to billing errors and the cost of transaction processing (which requires locating and corresponding with the customer) can be significant. Systems that incorporate a manual review stage have much lower error rates, but require a continuing staffing expense. A few toll facilities cover a very wide area, making fixed toll gates impractical. The most notable of these

4736-416: The toll gate communicates with a transponder on the vehicle via Dedicated Short Range Communications (DSRC). RFID tags have proved to have excellent accuracy, and can be read at highway speeds. The major disadvantage is the cost of equipping each vehicle with a transponder, which can be a major start-up expense, if paid by the toll agency, or a strong customer deterrent, if paid by the customer. To avoid

4810-487: The vehicle passes a roadside toll reader device, a radio signal from the reader triggers the transponder, which transmits back an identifying number which registers the vehicle's use of the road, and an electronic payment system charges the user the toll. A major advantage is the driver does not have to stop, reducing traffic delays. Electronic tolling is cheaper than a staffed toll booth, reducing transaction costs for government or private road owners. The ease of varying

4884-450: The vehicles passing through the toll facility. The simplest method is to store the vehicle class in the customer record, and use the AVI data to look up the vehicle class. This is low-cost, but limits user flexibility, in such cases as the automobile owner who occasionally tows a trailer. More complex systems use a variety of sensors. Inductive sensors embedded in the road surface can determine

4958-467: The world's first 100% full speed electronic tolling with transponders crossing through the city's core (CBD) in a system of several concessioned urban freeways ( Autopista Central and Autopista ). The United Arab Emirates implemented in 2007 a similar road toll collection in Dubai , called Salik . Similar schemes were previously implemented but only on bypass or outer ring urban freeways in several cities around

5032-485: The world's first successful congestion pricing scheme implemented with manual control (see also Singapore's Area Licensing Scheme ), and was refined in 1998 (see Singapore's Electronic Road Pricing ), Bergen (1986), Oslo (1990), and Trondheim (1991) (see Trondheim Toll Scheme ); Rome in 2001 as an upgrade to the manual zone control system implemented in 1998; London in 2003 and extended in 2007 (see London congestion charge ); Stockholm , tested in 2006 and made

5106-505: The world: Toronto in 1997 ( Highway 407 ), several roads in Norway (AutoPASS), Melbourne in 2000 ( CityLink ), and Tel Aviv also in 2000 ( Highway 6 ). Congestion pricing or urban toll schemes were implemented to enter the downtown area using ETC technology and/or cameras and video recognition technology to get the plate numbers in several cities around the world: urban tolling in Norway's three major cities: Singapore in 1974 introduced

5180-457: Was criticized by the European press for his alleged use of game theory to justify his stance against the dismantling of illegal Israeli settlements in occupied Palestine . Paul Krugman 's left-wing commentary has attracted both widespread praise and criticism. The 1994 prize to mathematician John Forbes Nash caused controversy within the selection committee. This resulted in a change to

5254-529: Was designed by Dr. Eng Pierluigi Ceseri and Dr. Eng. Mario Alvisi and included a full operational real time Classification of Vehicles and Enforcement via cameras interconnected with the PRA (Public Register of Automobiles) via a network of more than 3.000 Km. optical fibers. Telepass introduced the concept of ETC Interoperability because interconnected 24 different Italian motorway operators allowing users to travel between different concession areas and paying only at

5328-497: Was extended through December 2011 and in January 2012 was replaced by a congestion pricing scheme called Area C . New York City considered the implementation of a congestion pricing scheme. New York City Council approved such a plan in 2008, but it was not implemented because the New York State Assembly did not approve it. (see New York congestion pricing ) In 2006, San Francisco transport authorities began

5402-467: Was redefined as a prize in social sciences. This made it available to researchers in such topics as political science, psychology, and sociology. Moreover, the composition of the Economics Prize Committee changed to include two non-economists. This has not been confirmed by the Economics Prize Committee. The members of the 2007 Economics Prize Committee are still dominated by economists, as

5476-406: Was the first to propose a similar system of electronic tolling for the Washington Metropolitan Area . He proposed that each car would be equipped with a transponder: "The transponder's personalized signal would be picked up when the car passed through an intersection, and then relayed to a central computer which would calculate the charge according to the intersection and the time of day and add it to

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