Revenue Recycling And The Welfare Effects Of Road Pricing

Author : Ian Parry
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Download or read book Revenue Recycling and the Welfare Effects of Road Pricing written by Ian Parry and published by World Bank Publications. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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 13 :
Total Pages : 0 pages
Book Rating : 4.36/5 ( download)

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Download or read book Revenue Recycling and the Welfare Effects of Road Pricing written by Ian W. H. Parry and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 :
Total Pages : pages
Book Rating : 4.72/5 ( download)

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Download or read book Labor Market Effects of Road Pricing in a Population with Continuously Distributed Value of Time written by Jonas Westin and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Erik Verhoef
Publisher : Edward Elgar Publishing
ISBN 13 : 1848440251
Total Pages : 337 pages
Book Rating : 4.58/5 ( download)

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Download or read book Pricing in Road Transport written by Erik Verhoef and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . 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 13 : 1137274611
Total Pages : 200 pages
Book Rating : 4.18/5 ( download)

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Download or read book Project Governance written by T. Williams and published by Springer. This book was released on 2012-10-23 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 1351161075
Total Pages : 583 pages
Book Rating : 4.77/5 ( download)

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Download or read book Controlling Automobile Air Pollution written by Virginia McConnell and published by Routledge. This book was released on 2018-12-20 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 0857937936
Total Pages : 455 pages
Book Rating : 4.33/5 ( download)

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Download or read book Handbook of Research Methods and Applications in Transport Economics and Policy written by Chris Nash and published by Edward Elgar Publishing. This book was released on 2015-09-25 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 1800375557
Total Pages : 497 pages
Book Rating : 4.50/5 ( download)

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Download or read book Handbook on Transport Pricing and Financing written by Alejandro Tirachini and published by Edward Elgar Publishing. This book was released on 2023-05-09 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Richard Blundell
Publisher : Cambridge University Press
ISBN 13 : 1107185157
Total Pages : 665 pages
Book Rating : 4.59/5 ( download)

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Download or read book Economics without Borders written by Richard Blundell and published by Cambridge University Press. This book was released on 2017-04-27 with total page 665 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses surveys to bridge the gap between studies into European economics and policymaking in Europe. It is also available as open access.

Author : Eva Gutiérrez Puigarnau
Publisher : Rozenberg Publishers
ISBN 13 : 9036102154
Total Pages : 140 pages
Book Rating : 4.55/5 ( download)

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Download or read book Labour markets, commuting and company cars written by Eva Gutiérrez Puigarnau and published by Rozenberg Publishers. This book was released on 2011 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: