Congestion tolling with agglomeration externalities
نویسندگان
چکیده
منابع مشابه
Congestion Tolling with Agglomeration Externalities*
Consider an urban economy with two types of externalities, negative traffic congestion externalities and positive agglomeration externalities deriving from non-market interaction. Suppose that urban travel can be tolled, that non-market interaction cannot be subsidized, and that non-market interaction is stimulated by a reduction in travel costs. Then the optimal toll is below the congestion ex...
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In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full optimum. This is also the case in Vickrey's (1969) ‘bottleneck model’. To date, the closest approximations of this ideal in practice have so-called ‘step tolls’, in which the toll takes on different values over discrete time intervals, but is constant within each interval. Given the ...
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Under review for publication in the Journal of Urban Economics, September 2014 ABSTRACT: This paper develops a spatial general equilibrium model that accommodates both congestion and agglomeration externalities, while firms’ and households’ land-use decisions are endogenous across continuous space. Focusing on the interaction between externalities and land use patterns, we examine the efficienc...
متن کاملOptimal Policies in Cities with Congestion and Agglomeration Externalities: Congestion Tolls, Labor Subsidies, and Place-Based Strategies
This paper develops a spatial general equilibrium model that accommodates both congestion and agglomeration externalities, while firms’ and households’ land-use decisions are endogenous across continuous space. Focusing on the interaction between externalities and land use patterns, we examine the efficiencies of first-best policies and second-best pricing and placebased strategies using simula...
متن کاملCongestion Tolling and Urban Spatial Structure
According to the standard model of urban traffic congestion and urban spatial structure, congestion tolling results in a more concentrated city. In recent years, a new model of rush hour urban auto congestion has been developed which incorporates trip-timing decisions — the bottleneck model. In the simplest bottleneck model, optimal congestion tolling without toll revenue redistribution has no ...
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ژورنال
عنوان ژورنال: Journal of Urban Economics
سال: 2007
ISSN: 0094-1190
DOI: 10.1016/j.jue.2007.03.005