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Welfare losses of road congestion: Evidence from Rome

journal contribution
posted on 20.09.2021, 14:30 by Antonio RussoAntonio Russo, Martin W Adler, Federica Liberini, Jos N van Ommeren
We estimate the marginal external cost and welfare losses due to congestion for a large number of roads in Rome, Italy. We show that the marginal external cost is substantial, equaling about two thirds of the private time cost of travel. About one third of this cost is borne by public transport users. Our results imply that policies designed to reduce congestion can result in important welfare gains.

History

School

  • Business and Economics

Department

  • Economics

Published in

Regional Science and Urban Economics

Volume

89

Publisher

Elsevier BV

Version

AM (Accepted Manuscript)

Rights holder

© Elsevier

Publisher statement

This paper was accepted for publication in the journal Regional Science and Urban Economics and the definitive published version is available at https://doi.org/10.1016/j.regsciurbeco.2021.103692

Acceptance date

10/05/2021

Publication date

2021-05-27

Copyright date

2021

ISSN

0166-0462

eISSN

1879-2308

Language

en

Depositor

Dr Antonio Russo. Deposit date: 16 September 2021

Article number

103692