Economic growth and globalisation create traffic growth, leading to congestion, which again increases travel times and costs. Road pricing is an instrument that may efficiently reduce the negative impacts. This volume is a collection of research papers on the use of road pricing. The focus is on passenger transport, and the papers cover a wide range of approaches, including theoretical modelling and empirical studies of road pricing experience from different cities.
. . . this book is an interesting collection of papers on the topic of road congestion pricing. . . The reader should find this collection to be both interesting and informative, but also quite thought-provoking. . . The papers also provide some very useful information about projects that have not worked or have not been implemented for various reasons and lessons that can be learnt from failures to implement and failures of pricing schemes. Peter R. Stopher, International Planning Studies In February 2003, the London Congestion Charging Scheme was introduced and in 2006 a similar policy was introduced in Stockholm. In both cases automobile traffic entering the cordon declined by about 20 percent. This book evaluates these and other similar programs exploring their implications for the United States. While there is increasing interest in road pricing in the US in many individual states, the motivation is often highway financing rather than congestion relief. The contributors argue that the prospects for extensive implementation in the US remain uncertain. Nevertheless, this book illustrates that the European experience suggests political feasibility is much less of a hurdle than was once considered and that congestion pricing would have a significant impact in reducing traffic as it did in Europe. This study s value lies in the fact that it examines road pricing in the real world and not simply from a theoretical viewpoint. As a comparative study it will appeal to both policymakers and academics in transportation economics and planning, urban economics, planning and economic geography.
Road pricing (tolls, etc.) as a means of generating revenue for infrastructure investment has become a major policy option in both Europe and North America. It can also be used as a policy in the management of traffic demand and flow, environmental objectives, and optimal resource allocation as regards the size of investments. Road pricing is assumed to be able to solve many problems simultaneously -- congestion control, pollution reduction, and investment financing. This volume assembles and assesses theoretical knowledge, empirical results and experiences of actual road pricing. In addition, the impact of new information technology on future policy formulation is considered.
As populations become increasingly concentrated in urban centres and mega cities, while demands on transportation continue to grow, the question of how to mitigate the environmental footprint of these trends is ever more pressing. This comprehensive book demonstrates the potentially significant role of environmental taxation and other market-based instruments in meeting these challenges.
This book explores one of the most prevailing problems of the contemporary urban world, i.e. traffic congestion and its economic, environmental, and health implications. Generally viewed as an urban menace, the problem of traffic congestion has huge economic implications, which are often overlooked by urban planners. This book examines and quantifies the costs and adverse consequences and of traffic congestion, which include emissions, loss of productive hours, fuel wastage, and the adverse effects on the health of commuters, among others. It provides a comprehensive and scientific understanding of the underlying problems of traffic gridlocks by analyzing empirical evidence from Bengaluru, a city in South India. It also offers solutions and highlights innovative measures that draw from both economic and engineering perspectives to counter and reduce the tangible and intangible costs of traffic conjestion. This book will be of interest to both academic and non-academic readers of economics, environmental economics and econometrics, transport economics, urban planning, transport geography, as well as planners and policy makers.
The various sharing initiatives seen in the Nordic countries over the last years within transportation, housing/accommodation, sharing/renting of smaller capital goods and personal services could yield considerable benefits for consumers due to better quality and/or lower prices of the services. They also have a potential for emissions reductions of CO2 and local pollutants. However, savings from lower prices could lead to increased emissions from increased demand of the services (particularly transport) and increased spending on other goods and services. Depending on how consumers spend their savings, these changes could partly, wholly or more than offset the initial emission reductions. The impacts on overall CO2 emissions depend on whether the emissions are taxed, part of the emissions trading system EU ETS or not regulated at all.
All phases of road developmentâ€"from construction and use by vehicles to maintenanceâ€"affect physical and chemical soil conditions, water flow, and air and water quality, as well as plants and animals. Roads and traffic can alter wildlife habitat, cause vehicle-related mortality, impede animal migration, and disperse nonnative pest species of plants and animals. Integrating environmental considerations into all phases of transportation is an important, evolving process. The increasing awareness of environmental issues has made road development more complex and controversial. Over the past two decades, the Federal Highway Administration and state transportation agencies have increasingly recognized the importance of the effects of transportation on the natural environment. This report provides guidance on ways to reconcile the different goals of road development and environmental conservation. It identifies the ecological effects of roads that can be evaluated in the planning, design, construction, and maintenance of roads and offers several recommendations to help better understand and manage ecological impacts of paved roads.
"The presence of preexisting tax distortions, and the form of revenue recycling, can crucially affect the size -- and possibly even the sign -- of the welfare effect of road pricing schemes. The efficiency gains from recycling congestion tax revenues in other tax reductions can amount to several times the Pigouvian welfare gains from congestion reduction"--Cover.
