The London congestion charge: a tentative economic appraisal |
| |
| Institution: | 1. KTH Royal Institute of Technology, Sweden;2. WSP Analysis & Strategy, Sweden;1. VTI Swedish National Road and Transport Research Institute and Linköping University, Sweden;2. City of Stockholm, Sweden;3. Linköping University and Swedish National Transport Administration, Sweden;1. Department of Administration and Organisation Theory, University of Bergen, Norway;2. Centre for Climate and Energy Transformation, University of Bergen, Norway;3. Department of Geography, University of Bergen, Norway;4. Johns Hopkins University, United States |
| |
| Abstract: | Pre-charge and post-charge data (particularly on speed and road usage) in the London congestion charge zone is used to estimate demand and cost curves for road usage. Pre-charge congestion costs are estimated, and shown to be small (0.1% of the area GDP). They are largely (90%) eliminated by the charge, which produces an economic benefit. Charge proceeds are about three times larger than the value of the congestion. Unfortunately, the yearly amortisation and operation costs of the charge system appear to be significantly higher than the economic benefit produced by the system. The London congestion charge, which is a great technical and political success, seems to be an economic failure. It could be defined as mini Concorde. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
