Parry, Ian W. H.; Bento, Antonio M. - 2004
possibly even the sign - of the welfare effect of road pricing schemes. The efficiency gains from recycling congestion tax … revenues in other tax reductions can amount to several times the Pigouvian welfare gains from congestion reduction. Parry and … Bento explore the interactions between taxes on work-related traffic congestion and preexisting distortionary taxes in the …