| By: |
Safirova, Elena A. (Resources for the Future);
Houde, Sébastien (Resources for the Future);
Lipman, D. Abram;
Harrington, Winston (Resources for the Future);
Bagliano, Andrew D. |
| Abstract: |
We employ a spatially disaggregated general equilibrium model of a regional
economy that incorporates decisions of residents, firms, and developers
integrated with a spatially disaggregated strategic transportation planning
(START) model that features mode, time period, and route choice to evaluate
economic effects of congestion pricing. First, we evaluate the long-run
effects of a road-pricing policy based on the integrated model of land use,
strategic transport, and regional economy (LUSTRE) and compare them with the
short-term effects obtained from the START model alone. We then look at
distributional effects of the policy in question and point out differences and
similarities in the short run versus the long run. Finally, we analyze the
mechanisms at the source of the economic and land-use effects induced by the
road-pricing policy. |
| Keywords: |
traffic congestion, welfare analysis, CGE modeling, cordon tolls, distributional effects |
| JEL: |
C68 D63 R13 R14 R41 |
| Date: |
2006–09–15 |
| URL: |
http://d.repec.org/n?u=RePEc:rff:dpaper:dp-06-37&r=tur |