Urban Growth Boundaries: An Effective Second-Best Remedy for Unpriced Traffic Congestion?

Jan K. Brueckner ()

No 50610, Working Papers from University of California-Irvine, Department of Economics

Abstract: 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.

New Economics Papers: this item is included in nep-geo and nep-ure
Date: 2005-07
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