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.
Double Cordon Tolls in Urban Areas to Increase Social Welfare
Transportation Research Record: Journal of the Transportation Research Board
Transportation Research Record: Journal of the Transportation Research Board ; 1812 , 1 ; 53-59
2002-01-01
Article (Journal)
Electronic Resource
English
Double Cordon Tolls in Urban Areas to Increase Social Welfare
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