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Congestion Cost and the Use of Land for Streets

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  • Robert M. Solow

Abstract

The traditional model of the equilibrium economic geography of a monocentric city is generalized to introduce congestion costs as well as distance costs of the transportation. This has the effect of generating more curvature in the equilibrium rent gradient than the early theory had suggested. More important, if congestion tolls are not charged on crowded roads, land rents will reflect the private costs of transportation, not the full social cost. Market land values will then be faulty guides to land use, and cost-benefit analyses will give misleading results. Some sample computations suggest that the result will often be to cause more land to be taken for use as streets than is socially desirable, especially nearer the center of the city

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Bibliographic Info

Article provided by The RAND Corporation in its journal Bell Journal of Economics.

Volume (Year): 4 (1973)
Issue (Month): 2 (Autumn)
Pages: 602-618

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Handle: RePEc:rje:bellje:v:4:y:1973:i:autumn:p:602-618

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Cited by:
  1. Li, Zhi-Chun & Lam, William H.K. & Wong, S.C. & Choi, Keechoo, 2012. "Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city," Transportation Research Part B: Methodological, Elsevier, vol. 46(6), pages 710-728.
  2. Duranton, Gilles & Puga, Diego, 2004. "Micro-foundations of urban agglomeration economies," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 48, pages 2063-2117 Elsevier.
  3. Wu, JunJie & Plantinga, Andrew J., 2003. "The influence of public open space on urban spatial structure," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 288-309, September.
  4. Edward L. Glaeser & Joseph Gyourko, 2001. "Urban Decline and Durable Housing," NBER Working Papers 8598, National Bureau of Economic Research, Inc.
  5. Voith, Richard, 1998. "Parking, Transit, and Employment in a Central Business District," Journal of Urban Economics, Elsevier, vol. 44(1), pages 43-58, July.
  6. Ross, Stephen L. & Yinger, John, 2000. "Timing Equilibria in an Urban Model with Congestion," Journal of Urban Economics, Elsevier, vol. 47(3), pages 390-413, May.
  7. Medda, F. & Nijkamp, P. & Rietveld, P., 2009. "Dynamic effects of external and private transport costs on urban shape: a morphogenetic perspective," Serie Research Memoranda 0038, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  8. Li, Zhi-Chun & Chen, Ya-Juan & Wang, Ya-Dong & Lam, William H.K. & Wong, S.C., 2013. "Optimal density of radial major roads in a two-dimensional monocentric city with endogenous residential distribution and housing prices," Regional Science and Urban Economics, Elsevier, vol. 43(6), pages 927-937.
  9. Sandler, Todd & Tschirhart, John T, 1980. "The Economic Theory of Clubs: An Evaluative Survey," Journal of Economic Literature, American Economic Association, vol. 18(4), pages 1481-1521, December.
  10. De Lara, Michel & de Palma, André & Kilani, Moez & Piperno, Serge, 2013. "Congestion pricing and long term urban form: Application to Paris region," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 282-295.
  11. Hadar, Yossi & Pines, David, 2004. "Population growth and its distribution between cities: positive and normative aspects," Regional Science and Urban Economics, Elsevier, vol. 34(2), pages 125-154, March.
  12. Michel De Lara & André De Palma & Moez Kilani & Serge Piperno, 2008. "Congestion pricing and long term urban form: Application to Ile-de-France," Working Papers hal-00348439, HAL.

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