The Economics of Cordon Tolling: General Equilibrium and Welfare Analysis (50 page, pdf, Alex Anas and Tomoru Hiramatsu, State University of New York at Buffalo, Oct.8. 2011)
The focus today is one an analysis of the toll-avoidance reactions of commuters who live within or outside a cardon in a large city in the USA (Chicago). Using a model, the authors concluded that cordon pricing affects real estate, transit use and economic activities such as location of businesses. The toll charge and the area cordoned are two basic drivers.
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Filed under: PRICING, Urban Traffic Tagged: | economic, pricing, traffic, urban
