Flutterby™! : Congestion Pricing paper du jour

Next unread comment / Catchup all unread comments User Account Info | Logout | XML/Pilot/etc versions | Long version (with comments) | Weblog archives | Site Map | | Browse Topics

Congestion Pricing paper du jour

2019-12-14 18:20:17.888615+01 by Dan Lyke 0 comments

Can Tolling Help Everyone — Estimating the Aggregate and Distributional Consequences of Congestion Pricing, Jonathan D. Hall, University of Toronto, June 28 2019

Abstract Economists have long advocated road pricing as an efficiency-enhancingsolution to traffic congestion, yet it has rarely been implemented because it is thought to create losers as well as winners. This paper uses survey and travel time data, combined with a structural model of traffic congestion, to estimate the joint distribution of agent preferences and evaluate the aggregate and distributional effects of road pricing. I find that adding tolls on half of the lanes of a highway yields a Pareto improvement. Further, the social welfare gains from doing so are substantial—up to $1,740 per road user per year.

JEL Classification: D62, H41, R41, R48.

[ related topics: Education Economics ]

comments in ascending chronological order (reverse):

Comment policy

We will not edit your comments. However, we may delete your comments, or cause them to be hidden behind another link, if we feel they detract from the conversation. Commercial plugs are fine, if they are relevant to the conversation, and if you don't try to pretend to be a consumer. Annoying endorsements will be deleted if you're lucky, if you're not a whole bunch of people smarter and more articulate than you will ridicule you, and we will leave such ridicule in place.

Flutterby™ is a trademark claimed by

Dan Lyke
for the web publications at www.flutterby.com and www.flutterby.net.