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Double Cordon Tolls in Urban Areas to Increase Social Welfare

Santos, Georgina 2002. Double Cordon Tolls in Urban Areas to Increase Social Welfare. Transportation Research Record 1812 (1) , pp. 53-59. 10.3141/1812-07

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Abstract

A second-best traffic demand management policy, cordon tolls, is considered. Double cordons are simulated for seven English towns. It is found that a second, outer cordon implemented jointly with an inner cordon surrounding the city center enhances the increase in social welfare in comparison with a single inner cordon. Although other social and political considerations such as potential revenues and distributional effects may persuade policy makers to implement higher or lower charges, a method is proposed for deciding on the optimal combination of tolls, which is defined as the combination that maximizes the increase in social welfare for a given cordon location, social welfare being equal to the sum of individual utilities minus the sum of individual costs.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Geography and Planning (GEOPL)
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
H Social Sciences > HE Transportation and Communications
H Social Sciences > HJ Public Finance
Uncontrolled Keywords: Second best tolls, cordon tolls, road pricing, congestion charging, optimal cordon tolls, social welfare, first best congestion charge, Pigouvian charge, traffic congestion, congestion costs, efficient congestion charge, value pricing, deadweight loss
Publisher: Transportation Research Board
ISSN: 0361-1981
Last Modified: 07 Nov 2019 09:09
URI: http://orca.cf.ac.uk/id/eprint/9946

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