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| Safirova, Elena; Gillingham, Kenneth; Parry, Ian W.H.; Nelson, Peter; Harrington, Winston; Mason, David. |
| Economists have long advocated congestion pricing as an efficient way of allocating scarce roadway capacity. However, with a few exceptions, congestion tolls are rarely used in practice and strongly opposed by the public and elected officials. Although high implementation costs and privacy issues are alleviated as appropriate technologies are developed, the concerns that congestion pricing will adversely affect low-income travelers remain. In this paper, we use a strategic transportation planning model calibrated for the Washington, DC, metropolitan area to compare the welfare and distributional effects of three pricing schemes: value pricing (HOT lanes), limited congestion pricing, and comprehensive congestion pricing. We find that social welfare gains... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Traffic congestion; Congestion pricing; Value pricing; HOT lanes; HOV lanes; Public Economics; R40; R41; R48; H23. |
| Ano: 2003 |
URL: http://purl.umn.edu/10697 |
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