Cordon pricing in the Monocentric city model: Theory and application to Ile-de- France

André de Palma (), Moez Kilani, Michel de Lara () and Serge Piperno
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Michel de Lara: CERMICS - Centre d'Enseignement et de Recherche en Mathématiques et Calcul Scientifique - ENPC - École nationale des ponts et chaussées
Serge Piperno: CERMICS - Centre d'Enseignement et de Recherche en Mathématiques et Calcul Scientifique - ENPC - École nationale des ponts et chaussées

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Abstract: We propose a method to compute an equilibrium solution for the monocentric city model with traffic congestion, and to quantify the im- pact of cordon tolls on social surplus. The focus of this paper is on the comparison of road pricing of one and two cordons, with the no toll and first-best situations as benchmarks. We find that a one-cordon toll yields a social efficiency of 63% with respect to first-best, and that an optimal two-cordon toll increases the efficiency to 73%. Both policies have a pos- itive impact on CO2 emissions because they reduce the average length of trips and reduce the road size.

Keywords: Monocentric model; Cordon toll; Acceptability of road pricing (search for similar items in EconPapers)
Date: 2011
Note: View the original document on HAL open archive server: https://hal.science/hal-00348437v1
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Citations: View citations in EconPapers (3)

Published in Recherches Economiques de Louvain - Louvain economic review, 2011, 77 (2-3), pp.105-124. ⟨10.3917/rel.772.0105⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00348437

DOI: 10.3917/rel.772.0105

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