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Title: STATIC VERSUS DEMAND-SENSITIVE MODELS AND ESTIMATION OF SECOND-BEST CORDON TOLLS: AN EXERCISE FOR EIGHT ENGLISH TOWNS
Accession Number: 00816511
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: The static economic model of traffic congestion suggests that external costs can be internalized, with link-specific congestion charges equal to the externality at the efficient level of traffic. Such a scheme remains theoretical. Feasible cordon-toll schemes were considered for eight English towns, and optimal tolls were estimated. These are lower than theoretical computations suggest, as only central-area traffic is tolled, shifting traffic from congested to uncongested areas. Cordon tolls seem reasonably robust and error tolerant in the demand elasticity estimates, provided that these (and the resulting tolls) are pitched low.
Supplemental Notes: This paper appears in Transportation Research Record No. 1747, Transportation and Public Policy 2001.
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Santos, GNewbery, DRojey, LPagination: p. 44-50
Publication Date: 2001
Serial: ISBN: 0309072069
Features: Figures
(3)
; References
(11)
; Tables
(3)
TRT Terms: Geographic Terms: Subject Areas: Economics; Highways; Society; I10: Economics and Administration
Files: TRIS, TRB, ATRI
Created Date: Sep 25 2001 12:00AM
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