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The London congestion charging

Abstract:

Traffic congestion is a textbook example of an externality and therefore calls for some government intervention if efficiency is to be achieved. Simple as road pricing may sound, it has seldom been adopted as a real world policy. With the exception of Singapore, which in 1975 implemented the first such measure, no other examples were to be found until February 2003, when London introduced a congestion charge for the privilege of driving in the central area. Many towns and cities around th...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Publisher copy:
10.1353/urb.0.0003

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Institution:
University of Oxford
Department:
Social Sciences Division - Centre for the Environment - Transport Studies Unit
Publisher:
Brookings Institution Press Publisher's website
Journal:
Brookings Wharton Papers on Urban Affairs Journal website
Pages:
177-234
Publication date:
2008
DOI:
EISSN:
1533-4449
ISSN:
1528-7084
URN:
uuid:2272d41f-05f0-4fca-9b39-872e72126a87
Local pid:
tsu:10244

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