This paper evaluates the efficacy of the urban growth boundary (UGB) as a second-best substitute for a first-best toll regime in a congested city. Numerical results show that, while a UGB is welfare improving, validating previous theoretical results, the utility gain it generates is a very small fraction of that achieved under a toll regime. Thus, the UGB is not a useful instrument for attacking the distortions caused by unpriced traffic congestion.
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Paper provided by University of California-Irvine, Department of Economics in its series Working Papers with number
050610.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Duncan Black & Vernon Henderson, 1997.
"Urban Growth,"
NBER Working Papers
6008, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Edward L. Glaeser & Matthew E. Kahn, 2003.
"Sprawl and Urban Growth,"
NBER Working Papers
9733, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Glaeser, Edward L. & Kahn, Matthew E., 2004.
"Sprawl and urban growth,"
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 56, pages 2481-2527
Elsevier.
[Downloadable!] (restricted)
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