van den Bijgaart, Inge; Klenert, David; Mattauch, Linus; … - 2020
identified additional social gains from active travel, due to health benefits of physical exercise. Per mile, these benefits … greatly exceed the external costs from car use. We introduce active travel into an optimal fuel taxation model and … analytically characterise the optimal second-best fuel tax. We find that accounting for active travel benefits increases the …