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<title>Abstract</title> The congestion charging schemes in London and Singapore are compared and assessed in the light of guidelines set out in the Smeed Report, published by the UK Ministry of Transport in 1964, and their performance in reducing congestion and raising net revenue. The aim is to draw lessons...
Persistent link: https://www.econbiz.de/10010973170
The paper first briefly reviews the extent to which profit maximising transport firms with identical cost functions and producing identical transport services pass-on output taxes to transport users under perfect competition, under different forms of imperfect competition and when they act as...
Persistent link: https://www.econbiz.de/10011076827
We use the Vickrey–Clarke–Groves auction mechanism to propose a system of primary auctions of slots at congested European airports. The system would ensure allocative efficiency and would be incentive-compatible, flexible, understandable, implementable and transparent. Only 10% of slots...
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In February 2003, the London Congestion Charging Scheme was introduced and in 2006 a similar policy was introduced in Stockholm. In both cases automobile traffic entering the cordon declined by about 20 percent. This book evaluates these and other similar programs exploring their implications...
Persistent link: https://www.econbiz.de/10011174668
Transport pricing is high on the political agenda throughout the world, but as the authors illustrate, governments seeking to implement this often face challenging questions and significant barriers. The associated policy and research questions cannot always be addressed adequately from a...
Persistent link: https://www.econbiz.de/10011175783
Cordon tolls are simulated for eight English towns. The distributional effects and environmental impacts are assessed. Although distributional effects vary across towns, environmental impacts are positive in all cases. Benefits are compared to those that would accrue from first-best charges. It...
Persistent link: https://www.econbiz.de/10004988084
The theory of road pricing developed for single links suggests time andlocation varying charges equal to the marginal congestion cost at the efficientlevel of traffic. The second-best network counterpart is derived, but would beinfeasible to implement. Cordon tolls are feasible, and their...
Persistent link: https://www.econbiz.de/10005094472