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.

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Year of publication:	2005-07
Authors:	Brueckner, Jan K.
Institutions:	Department of Economics, University of California-Irvine

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 050610 16 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004975574