Russo_welfare losses of road congestion 2 december 2020.pdf (908.73 kB)
Welfare losses of road congestion: Evidence from Rome
journal contribution
posted on 2021-09-20, 14:30 authored by Antonio Russo, Martin W Adler, Federica Liberini, Jos N van OmmerenWe 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 EconomicsVolume
89Publisher
Elsevier BVVersion
- AM (Accepted Manuscript)
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© ElsevierPublisher 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.2021.103692Acceptance date
2021-05-10Publication date
2021-05-27Copyright date
2021ISSN
0166-0462eISSN
1879-2308Publisher version
Language
- en
Depositor
Dr Antonio Russo. Deposit date: 16 September 2021Article number
103692Usage metrics
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No categories selectedKeywords
Marginal external congestion costsDeadweight lossPublic transportSocial SciencesScience & TechnologyLife Sciences & BiomedicineEconomicsEnvironmental StudiesUrban StudiesBusiness & EconomicsEnvironmental Sciences & EcologyECONOMICSMODELWORKCOSTUrban and Regional PlanningApplied EconomicsEconometrics
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