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Urban Growth Boundaries: An Effective Second-Best Remedy for Unpriced Traffic Congestion?

This paper evaluates the efficacy of the urban growth boundary (UGB) as a second-best substitute for a first-best toll regime in a congested city. Numerical results show that, while a UGB is welfare improving, validating previous theoretical results, the utility gain it generates is a very small fraction of that achieved under a toll regime. Thus, the UGB is not a useful instrument for attacking the distortions caused by unpriced traffic congestion.
Year of publication:
2005-07
Authors: Brueckner, Jan K.
Institutions: Department of Economics, University of California-Irvine
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Type of publication: Book / Working Paper
Language: English
Notes:
Number 050610 16 pages
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