Zhao, HenryDaniels, Stephen2024-07-052026-09-292024-07-052026-09-292024-04-122024-07-05http://arks.princeton.edu/ark:/88435/dsp01bv73c376qhttps://theses-dissertations.princeton.edu/handle/88435/dsp01bv73c376qThis thesis uses millions of observations collected as frequently as every six minutes to analyze the effect of toll prices for the I-66 and I-95 Express Lanes on transit decisions made by commuters. While previous literature, including for these specific routes, has primarily focused on the impact of toll price generally or on areas more proximate to major cities, this thesis expands the toll price and thus congestion pricing literature by focusing on boundary communities. My key findings are that commuters from more economically vulnerable communities seem to be more willing to trade time to avoid paying tolls and that increased salience of price also leads to an increase in the willingness to make that trade. These findings indicate that policymakers should be wary of the differential impacts that congestion pricing can have on different demographics and should consider potential unintended consequences before making changes that can impact salience.application/pdfenA Tax on Time: An Economic Analysis of the Welfare Impacts of the I-66 and I-95 Express Lanes Near Washington D.C. on Commuters from Boundary CommunitiesPrinceton University Senior Theses