Welfare losses of road congestion: Evidence from Rome

Antonio Russo, Martin W. Adler, Federica Liberini and Jos van Ommeren ()

Regional Science and Urban Economics, 2021, vol. 89, issue C

Abstract: We estimate the marginal external cost and welfare losses due to congestion for a large number of roads in Rome, Italy. We show that the marginal external cost is substantial, equaling about two thirds of the private time cost of travel. About one third of this cost is borne by public transport users. Our results imply that policies designed to reduce congestion can result in important welfare gains.

Keywords: Marginal external congestion costs; Deadweight loss; Public transport (search for similar items in EconPapers)
JEL-codes: D62 H23 R41 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0166046221000521
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:89:y:2021:i:c:s0166046221000521

DOI: 10.1016/j.regsciurbeco.2021.103692

Access Statistics for this article

Regional Science and Urban Economics is currently edited by D.P McMillen and Y. Zenou

More articles in Regional Science and Urban Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().