The static economic model of traffic congestion suggests that external costs can be internalized, with link-specific congestion charges equal to the externality at the efficient level of traffic. Such a scheme remains theoretical. Feasible cordon-toll schemes were considered for eight English towns, and optimal tolls were estimated. These are lower than theoretical computations suggest, as only central-area traffic is tolled, shifting traffic from congested to uncongested areas. Cordon tolls seem reasonably robust and error tolerant in the demand elasticity estimates, provided that these (and the resulting tolls) are pitched low.


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    Title :

    Static Versus Demand-Sensitive Models and Estimation of Second–Best Cordon Tolls: An Exercise for Eight English Towns


    Additional title:

    Transportation Research Record: Journal of the Transportation Research Board


    Contributors:


    Publication date :

    2001-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English



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