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

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Author Info

  • Daunfeldt, Sven-Olov

    ()
    (The Ratio Institute)

  • Rudholm, Niklas

    (The Swedish Retail Institute (HUI))

  • Rämme, Ulf

    (The Swedish Retail Institute (HUI))

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 The Ratio Institute in its series Ratio Working Papers with number 134.

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Length: 17 pages
Date of creation: 07 May 2009
Date of revision:
Handle: RePEc:hhs:ratioi:0134

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Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Phone: 08-441 59 00
Fax: 08-441 59 29
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Web page: http://www.ratio.se/
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Related research

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

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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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