nep-tur New Economics Papers
on Tourism Economics
Issue of 2006‒10‒21
one paper chosen by
Antonello Scorcu
Universita di Bologna

  1. Congestion Pricing: Long-Term Economic and Land-Use Effects By Safirova, Elena A.; Houde, Sébastien; Lipman, D. Abram; Harrington, Winston; Bagliano, Andrew D.

  1. 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

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