Congestion Pricing: Long-Term Economic and Land-Use Effects

Elena Safirova, Sébastien Houde (), D. Abram Lipman, Winston Harrington and Andrew D. Bagliano
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Sébastien Houde: Resources for the Future

RFF Working Paper Series from Resources for the Future

Abstract: We employ a spatially disaggregated general equilibrium model of a regional economy that incorporates decisions of residents, firms, and developers integrated with a spatially disaggregated strategic transportation planning (START) model that features mode, time period, and route choice to evaluate economic effects of congestion pricing. First, we evaluate the long-run effects of a road-pricing policy based on the integrated model of land use, strategic transport, and regional economy (LUSTRE) and compare them with the short-term effects obtained from the START model alone. We then look at distributional effects of the policy in question and point out differences and similarities in the short run versus the long run. Finally, we analyze the mechanisms at the source of the economic and land-use effects induced by the road-pricing policy.

Keywords: traffic congestion; welfare analysis; CGE modeling; cordon tolls; distributional effects (search for similar items in EconPapers)
JEL-codes: C68 D63 R13 R14 R41 (search for similar items in EconPapers)
Date: 2006-09-15
New Economics Papers: this item is included in nep-geo, nep-tur and nep-ure
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Citations: View citations in EconPapers (12)

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