Unpriced Transportation Congestion
Richard Arnott ()
Working Papers from Queen's University, Department of Economics
This paper investigates features of an urban economy where there is unpriced transportation congestion. It focusses on the relationship between the market rent on residential land, the shadow rent on residential land, and the shadow rent on land in road use, when road width is arbitrary, and when road width is determined by one of several rules. This allows us to ascertain the direction of bias in cost-benefit analysis resulting from the incorrect social valuation of land.
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:254
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