Advanced Search
MyIDEAS: Login

The London congestion charge: a tentative economic appraisal

Contents:

Author Info

  • Prud'homme, Rémy
  • Bocarejo, Juan Pablo
Registered author(s):

    Abstract

    Pre-charge and post-charge data (particularly on speed and road usage) in the London congestion charge zone is used to estimate demand and cost curves for road usage. Pre-charge congestion costs are estimated, and shown to be small (0.1% of the area GDP). They are largely (90%) eliminated by the charge, which produces an economic benefit. Charge proceeds are about three times larger than the value of the congestion. Unfortunately, the yearly amortisation and operation costs of the charge system appear to be significantly higher than the economic benefit produced by the system. The London congestion charge, which is a great technical and political success, seems to be an economic failure. It could be defined as mini Concorde.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.sciencedirect.com/science/article/B6VGG-4G05M7B-2/2/636e3dde50991e83ce49da2b3c7d38ae
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Elsevier in its journal Transport Policy.

    Volume (Year): 12 (2005)
    Issue (Month): 3 (May)
    Pages: 279-287

    as in new window
    Handle: RePEc:eee:trapol:v:12:y:2005:i:3:p:279-287

    Contact details of provider:
    Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description

    Order Information:
    Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
    Web: https://shop.elsevier.com/order?id=30473&ref=30473_01_ooc_1&version=01

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:12:y:2005:i:3:p:279-287. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.