Estimating Urban Road Congestion Charges

David M Newbery and Georgina Santos ()

No 3176, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Economists wishing to analyse road congestion and road pricing have usually relied on link-based speed-flow relationships. These may provide a poor description of urban congestion, which mainly arises from delays at intersections. Using the simulation model SATURN, we investigate the second-best proportional traffic reduction and find that linear speed-flow relations describe network flows quite well in eight English towns, though the predicted congestion costs and charges overstate those apparently required in our second best model. We then confront the results with feasible optimal cordon charges, and find them reasonably correlated, but imperfect predictors.

Keywords: Traffic congestion; Road pricing; Efficient charges; Congestion tolls (search for similar items in EconPapers)
JEL-codes: H11 H51 R48 (search for similar items in EconPapers)
Date: 2002-01
New Economics Papers: this item is included in nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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