London-type congestion tax with revenue-recycling

Article OPEN
Yukihiro Kidokoro;
(2005)
  • Journal: Economics Bulletin,volume 18,issue 1,pages1-6
  • Subject: congestion tax
    • jel: jel:R4
    acm: ComputingMilieux_GENERAL | ComputingMilieux_LEGALASPECTSOFCOMPUTING

Road pricing in London attracts a great deal of interest. A challenging aspect of the London scheme is that congestion tax revenue is used to upgrade public transit networks. Although Parry and Bento (2001) show that the total social surplus would increase if congestion... View more
  • References (5)

    Parry, I. and A. Bento (2001) “Revenue recycling and the welfare effects of road pricing” Scandinavian Journal of Economics 99, 261-279.

    Parry, I. and K. Small (2002) “Does Britain or the United States have the right gasoline tax?” Discussion Paper 02-12, Resources for the Future.

    Van Dender K. (2004) “Pricing transport networks with fixed residential location” Regional Science and Urban Economics 34 289-307.

    Verhoef, E., P. Nijkamp and P. Rietveld (1996) “Second-best congestion pricing: the case of an untolled alternative” Journal of Urban Economics 40, 279-302.

    Wardrop, J. G. (1952) “Some Theoretical Aspects of Road Traffic Research” Proceedings of the Institute of Civil Engineers, Part II-1, 325-378.

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