The Welfare Consequences of Urban Traffic Regulations

Isis Durrmeyer and Nicolas Martinez

No 18332, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We develop a structural model to represent individual transportation decisions, road traffic levels, and speeds in equilibrium within a city. The micro-founded model incorporates extensive heterogeneity: individuals differ in their access to transportation modes, travel time valuation, and scheduling constraints, while road congestion technologies vary across city zones. We estimate the model using publicly available data for the Paris metropolitan area and predict the consequences of driving restrictions, uniform road tolls, and per-kilometer road tolls. We measure each policy's impact on welfare and its components - consumer surplus, toll revenue, and the value of emissions avoided- and benchmark these simple policies against welfare-maximizing personalized tolls.

JEL-codes: L9 Q52 R41 (search for similar items in EconPapers)
Date: 2023-07
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP18332 (application/pdf)

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:cpr:ceprdp:18332

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP18332

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().