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Author: Ian Parry Publisher: World Bank Publications ISBN: Category : Communication and traffic Languages : en Pages : 36
Book Description
"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.
Author: Ian Parry Publisher: World Bank Publications ISBN: Category : Communication and traffic Languages : en Pages : 36
Book Description
"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.
Author: Ian W. H. Parry Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
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. Parry and Bento explore the interactions between taxes on work-related traffic congestion and preexisting distortionary taxes in the labor market. A congestion tax raises the overall costs of commuting to work and discourages labor force participation at the margin when revenues are returned in lump-sum transfers. The resulting efficiency loss in the labor market can be larger than the Pigouvian efficiency gains from internalizing the congestion externality. By contrast, if congestion tax revenues are used to reduce labor taxes, the net impact on the labor supply is positive and the efficiency gain in the labor market can raise the overall welfare gains of the congestion tax by as much as 100 percent. Recycling congestion tax revenues in public transit subsidies produces a positive, but smaller, impact on the labor supply. In short, Parry and Bento`s results indicate that 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. This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to study the cost-effectiveness of alternative transport policies. The study was funded by the Bank's Research Support Budget under the research project The Cost-Effectiveness of Alternative Transport Policies (RPO 683-39).
Author: Jonas Westin Publisher: ISBN: Category : Languages : en Pages :
Book Description
The purpose of the presentation is to analyze the labor market effects of a congestion charge when commuters have continuously distributed value of time. Since a congestion charge raises the cost of commuting to work, it can decrease employment at the extensive margin in a similar way as an income tax. Without any form of revenue recycling, the resulting welfare loss from the decreased employment can even exceed the Pigouvian welfare gain from internalizing the congestion externality. A common conclusion in the literature, when comparing different revenue recycling schemes, is that it in general is more effective to use the revenues to cut taxes in the labor market compared to subsidizing public transport or returning them in a lump-sum transfer. A critical assumption in many of the previous cost-benefit analyses of congestion charges is however that there only exists a single value of time. This is somewhat surprising since one of the main features of a congestion charge is that it sorts people according to their value of time, given the existence of feasible transport alternatives. This paper intends to challenge this conclusion by analyzing how previous results hold if we, instead of using a representative individual, consider a population with a continuously distributed value of time. The model used in the paper is created with the Stockholm congestion charging trial in mind, but the analysis can just as well be applied to any city with a well developed public transport service. In the paper a simple traffic model is embedded within a general equilibrium framework where a large number of individuals with different values of time choose labor supply at the extensive margin and mode of transportation. In contrast to previous models, a modal-choice approach is used to model how the value of time for different individuals affects their choice of travel mode. The disaggregated travel demand model makes it possible to analyze how self-selection of mode choice affects labor supply, total welfare and the relative performance of the different revenue recycling schemes. Special attention will also be given to the distributional impacts of the different recycling schemes.
Author: Baoping Shang Publisher: International Monetary Fund ISBN: 151357339X Category : Business & Economics Languages : en Pages : 32
Book Description
Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.
Author: Kenneth A. Small Publisher: Taylor & Francis ISBN: 135165344X Category : Business & Economics Languages : en Pages : 433
Book Description
This new edition of the seminal textbook The Economics of Urban Transportation incorporates the latest research affecting the design, implementation, pricing, and control of transport systems in towns and cities. The book offers an economic framework for understanding the societal impacts and policy implications of many factors including congestion, traffic safety, climate change, air quality, COVID-19, and newly important developments such as ride-hailing services, electric vehicles, and autonomous vehicles. Rigorous in approach and making use of real-world data and econometric techniques, the third edition features a new chapter on the special challenges of managing the energy that powers transportation systems. It provides fully updated coverage of well-known topics and a rigorous treatment of new ones. All of the basic topics needed to apply economics to urban transportation are included: Forecasting demand for transportation services under various conditions Measuring costs, including those incurred by users and incorporating two new tools to describe congestion in dense urban areas Setting prices under practical constraints Evaluating infrastructure investments Understanding how private and public sectors interact to provide services Written by three of the field’s leading researchers, The Economics of Urban Transportation is essential reading for students, researchers, and practicing professionals in transportation economics, planning, engineering, or related disciplines. With a focus on workable models that can be adapted to future needs, it provides tools for a rapidly changing world.
Author: Erik Verhoef Publisher: Edward Elgar Publishing ISBN: 1848440251 Category : Transportation Languages : en Pages : 337
Book Description
. . . the book provides ample evidence of the various and often complex issues that arise in road pricing policies. New research is presented on topics mostly neglected in the past (such as the role of firms in rod pricing, or new insights from dynamic network models). Tilmann Rave, Journal of Regional Science Transport pricing is high on the political agenda throughout the world, but as the authors illustrate, governments seeking to implement this often face challenging questions and significant barriers. The associated policy and research questions cannot always be addressed adequately from a mono-disciplinary perspective. This book shows how a multi-disciplinary approach may lead to new types of analysis and insights, contributing to a better understanding of the intricacies of transport pricing and eventually to a potentially more effective and acceptable design of such policies. The study addresses important policy and research themes such as the possible motives for introducing road transport pricing and potential conflicts between these motives, behavioural responses to transport pricing for households and firms, the modelling of transport pricing, and the acceptability of pricing. Studying road transport pricing from a multi-disciplinary perspective, this book will be of great interest to transport policymakers and advisors, transport academics and consultants and students in transport studies.
Author: T. Williams Publisher: Springer ISBN: 1137274611 Category : Business & Economics Languages : en Pages : 200
Book Description
Provides essential insight into what it takes to turn an initial idea into a project with successful outcome in the long term. Fills a gap in current literature on project management and is thoroughly grounded in the latest research in this field.
Author: Virginia McConnell Publisher: Routledge ISBN: 1351161075 Category : Business & Economics Languages : en Pages : 583
Book Description
This volume includes many of the most influential and interesting academic articles related to the economics of mobile source pollution control. The papers included explore why vehicles and vehicle markets are unique, provide estimates of the type and magnitude of the social costs of driving and examine estimation methods and estimates of the various elasticities of vehicle demand. Analysis of the social costs and policies to reduce both traditional air pollutants and greenhouse gas emissions are included. Selected articles review the range of evaluation of both regulatory and market-based approaches to controlling emissions. The complexity of the effects of different policies are emphasized and the unintended consequences of regulation are explored in the context of vehicle emissions reduction policies.
Author: Chris Nash Publisher: Edward Elgar Publishing ISBN: 0857937936 Category : Business & Economics Languages : en Pages : 455
Book Description
Transport economics and policy analysis is a field which has seen major advances in methodology in recent decades, covering issues such as estimating cost functions, modelling of demand, dealing with externalities, examining industry ownership and structure, pricing and investment decisions and measuring economic impacts. This Handbook contains reviews of all these methods, with an emphasis on practical applications, commissioned from an international cast of experts in the field.
Author: Alejandro Tirachini Publisher: Edward Elgar Publishing ISBN: 1800375557 Category : Business & Economics Languages : en Pages : 497
Book Description
Taking a comprehensive approach to two central, closely intertwined themes in the field of transport economics, this illuminating Handbook recognizes the critical socioeconomic importance of transport pricing and financing.