Second-best congestion pricing schemes in the monocentric city

Abstract

Paper submission from Erik Verhoef (everhoef@econ.vu.nl)Discussion Paper Submission Form - STEP 1This discussion paper abstract is submitted by Erik Verhoef (everhoef@econ.vu.nl)Template-Type: ReDIF-Paper 1.0Series: Tinbergen Institute Discussion PapersCreation-Date: Number: Author-Name: Erik T VerhoefAuthor-Email: everhoef@econ.vu.nlAuthor-Workplace-Name: VUTitle: SECOND-BEST CONGESTION PRICING SCHEMES IN THE MONOCENTRIC CITYAbstract:This paper considers second-best congestion pricing in the monocentric city, with endogenous residential density and endogenous labour supply. A spatial general equilibrium model is developed that allows consideration of the three-way interactions between urban density, traffic congestion and labour supply. Congestion pricing schemes are analyzed that are second-best ‘by design’ (and not because distortions exist elsewhere in the spatial economy), like cordon charging and flat kilometre charges. Both for Cobb-Douglas utility and for CES utility, the analyses suggest that the relative welfare losses from second-best pricing, compared to first-best pricing, are surprisingly small.

Original document

The different versions of the original document can be found in:

• http://dx.doi.org/10.1016/j.jue.2005.06.003

• http://dx.doi.org/10.2139/ssrn.603263

• http://hdl.handle.net/10419/117166

• http://hdl.handle.net/10419/86224

• http://papers.tinbergen.nl/04110.pdf

• http://www-sre.wu.ac.at/ersa/ersaconfs/ersa04/PDF/408.pdf

• https://research.vu.nl/en/publications/93b473a7-bb2b-4520-8995-515ebe826c49

• https://api.elsevier.com/content/article/PII:S0094119005000495?httpAccept=text/xml,

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• https://www.sciencedirect.com/science/article/abs/pii/S0094119005000495,

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=603263,

https://core.ac.uk/display/15455696,

https://www.narcis.nl/publication/RecordID/oai%3Aresearch.vu.nl%3Apublications%2F93b473a7-bb2b-4520-8995-515ebe826c49,

https://ideas.repec.org/a/eee/juecon/v58y2005i3p367-388.html,

https://research.vu.nl/en/publications/second-best-congestion-pricing-schemes-in-the-monocentric-city,

https://econpapers.repec.org/paper/tinwpaper/20040110.htm,

https://www.econstor.eu/handle/10419/86224,

https://academic.microsoft.com/#/detail/2138761245

DOIS: 10.1016/j.jue.2005.06.003 10.2139/ssrn.603263