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Second-Best Congestion Pricing in Urban Space: Cordon Pricing and Its Alternatives

Author

Listed:
  • Akiyama Takamasa

    (Department of Civil Engineering, Gifu University)

  • Mun Se-Il

    (Graduate School of Economics, Kyoto University)

  • Okushima Masashi

    (Department of Civil Engineering, Gifu University)

Abstract

This paper examines the effects of alternative congestion pricing systems, cordon pricing and congestion pricing for existing toll roads, using the network equilibrium model developed for the Osaka Metropolitan Area, Japan. Cordon pricing is more effective in reducing the total efficiency loss from traffic congestion, but produces relatively large amounts of toll revenue. On the other hand, pricing for existing toll roads keeps the loss in consumer surplus (and toll revenue) relatively low to attain the same level of efficiency gain as the cordon pricing.

Suggested Citation

  • Akiyama Takamasa & Mun Se-Il & Okushima Masashi, 2004. "Second-Best Congestion Pricing in Urban Space: Cordon Pricing and Its Alternatives," Review of Network Economics, De Gruyter, vol. 3(4), pages 1-14, December.
    • Handle: RePEc:bpj:rneart:v:3:y:2004:i:4:n:6
    DOI: 10.2202/1446-9022.1061
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    Cited by:

    1. Jyh-Fa Tsai & Shao-Yu Lu, 2018. "Reducing traffic externalities by multiple-cordon pricing," Transportation, Springer, vol. 45(2), pages 597-622, March.
    2. Hoffman, Karla & Berardino, Frank & Hunter, George, 2013. "Congestion pricing applications to manage high temporal demand for public services and their relevance to air space management," Transport Policy, Elsevier, vol. 28(C), pages 28-41.
    3. Safirova, Elena A. & Houde, Sébastien & Lipman, D. Abram & Harrington, Winston & Bagliano, Andrew D., 2006. "Congestion Pricing: Long-Term Economic and Land-Use Effects," RFF Working Paper Series dp-06-37, Resources for the Future.

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