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take her own car will inflict a congestion cost on all travellers. To get the travellers to internalise these external … costs, a congestion charge has to be imposed. We derive an optimal congestion charge within in a discrete-choice framework …, with a benevolent government maximising expected tax-adjusted social surplus. The congestion charge to be imposed on …
Persistent link: https://www.econbiz.de/10003692390
take her own car will inflict a congestion cost on all travellers. To get the travellers to internalise these external … costs, a congestion charge has to be imposed. We derive an optimal congestion charge within in a discrete-choice framework …, with a benevolent government maximising expected tax-adjusted social surplus. The congestion charge to be imposed on …
Persistent link: https://www.econbiz.de/10005652347
road transport. In heavily congested areas, targeted charges are a cost-effective way of reducing congestion. Fiscal …
Persistent link: https://www.econbiz.de/10012135999
, known as Pico y Placa. Since then, drivers have had the option to pay a daily congestion fee to be exempt from the …
Persistent link: https://www.econbiz.de/10015407159
Persistent link: https://www.econbiz.de/10010433344
In this paper, we take a political economy approach to study the introduction of urban congestion tolls, using a simple … majority voting model. Making users pay for external congestion costs is for an economist an obvious reform, but successful …
Persistent link: https://www.econbiz.de/10013141494
Political acceptability is the primary obstacle to implementation of road pricing in many cities. This paper studies the political economy of urban road pricing in its most common incarnation: cordon tolling. We relate voters' preferences for the road toll to its impact on the city's land...
Persistent link: https://www.econbiz.de/10011479074
congestion cost at the efficientlevel of traffic. The second-best network counterpart is derived, but would beinfeasible to … of cordon tolls aremeasured and shown to correlate with optimal congestion tolls, but to bemodest in size and not to …
Persistent link: https://www.econbiz.de/10011400380
This paper studies the political economy of cordon tolls, the most common form of road pricing in cities. We consider a monocentric city inhabited by renters and resident-landowners. A cordon toll raises the rental price of land within the cordon, and it reduces rents outside this area. Hence,...
Persistent link: https://www.econbiz.de/10011350197
This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary, rigid …
Persistent link: https://www.econbiz.de/10013030301