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Congestion Charges in Stockholm: How Have They Affected Retail Revenues?

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Abstract

Did the introduction of congestion charges in Stockholm city reduce retail revenues? Data from 20 shopping malls - 8 within the toll area, and 12 outside the tool area - and from a sample of retail stores located along the main shopping streets was analyzed using an intervention- control approach. Favorable outcomes, such as reduced traffic, less emissions of carbon-dioxide, and perceived improvements in air quality and accessibility, do not seem to have been offset by reduced revenues for retailers located within the toll area.

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Bibliographic Info

Paper provided by HUI Research in its series HUI Working Papers with number 23.

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Length: 17 pages
Date of creation: 01 Nov 2009
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Publication status: Forthcoming as Daunfeldt, Sven-Olov, Niklas Rudholm and Ulf Rämme, 'Congestion Charges in Stockholm: How Have They Affected Retail Revenues?' in Transportmetrica.
Handle: RePEc:hhs:huiwps:0023

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Keywords: Road toll; congestion fee; congestion charge; retail revenues; retail profits;

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References

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  1. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May.
  2. Daunfeldt, Sven-Olov & Rudholm, Niklas & Rämme, Ulf, 2009. "Congestion charges and retail revenues: Results from the Stockholm road pricing trial," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(3), pages 306-309, March.
  3. Quddus, Mohammed A. & Bell, Michael G.H. & Schmöcker, Jan-Dirk & Fonzone, Achille, 2007. "The impact of the congestion charge on the retail business in London: An econometric analysis," Transport Policy, Elsevier, vol. 14(5), pages 433-444, September.
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Cited by:
  1. Paul Cheshire & Gerard Dericks, 2013. "Regulation, Rents and ?Iconic Design?: rent acquisition by design in the tightly constrained London office market," ERSA conference papers ersa13p1071, European Regional Science Association.

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