Urban Congestion Charging: Theory, Practice and Environmental Consequences
AbstractThe theory of road pricing developed for single links suggests time andlocation varying charges equal to the marginal congestion cost at the efficientlevel of traffic. The second-best network counterpart is derived, but would beinfeasible to implement. Cordon tolls are feasible, and their optimal levelcomputed for eight towns. A cost-benefit study showed that with a suitablechoice of location, all schemes were socially profitable, though with widevariations across towns. The environmental benefits of cordon tolls aremeasured and shown to correlate with optimal congestion tolls, but to bemodest in size and not to affect the optimal toll.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 568.
Date of creation: 2001
Date of revision:
road traffic congestion; road pricing; congestion charging; cordontolls; environmental taxes.;
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- Santos, G. & Rojey, L. & Newbery, D.M., 2000. "The Environmental Benefits from Road Pricing," Cambridge Working Papers in Economics 0020, Faculty of Economics, University of Cambridge.
- Jonathan Leape, 2006. "The London Congestion Charge," Journal of Economic Perspectives, American Economic Association, vol. 20(4), pages 157-176, Fall.
- Catherine Althaus & Lindsay M. Tedds & Allen McAvoy, 2011.
"The Feasibility of Implementing a Congestion Charge on the Halifax Peninsula: Filling the "Missing Link" of Implementation,"
Canadian Public Policy,
University of Toronto Press, vol. 37(4), pages 541-561, December.
- Althaus, Catherine & Tedds, Lindsay M & McAVoy, Allen, 2011. "The feasibility of implementing a congestion charge on the Halifax Peninsula: filling the 'Missing Link' of implementation," MPRA Paper 39790, University Library of Munich, Germany.
- Ronnie Schöb, 2005. "Not optimal, but Effective: the Multi-Mode Ticket for Reducing Urban Traffic Congestion in Medium-Sized Towns," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 3(3), pages 28-33, November.
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