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dc.contributor.authorStrøm, Steinaren_US
dc.contributor.authorVislie, Jonen_US
dc.date.accessioned2010-02-25en_US
dc.date.accessioned2011-07-01T08:43:04Z-
dc.date.available2011-07-01T08:43:04Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/47312-
dc.description.abstractWe model the choice of transportation mode in a simplified Hotelling-like city, with a fixed number of total travellers, fixed road capacity and with no trade-off between when to travel and the time spent in a queue. A person that chooses to take her own car will inflict a congestion cost on all travellers. To get the travellers to internalise these external costs, a congestion charge has to be imposed. We derive an optimal congestion charge within in a discrete-choice framework, with a benevolent government maximising expected tax-adjusted social surplus. The congestion charge to be imposed on private driving, beyond the opportunity cost - equal to the fare on public transportation - is shown to be a weighted average of a Ramsey-like term (capturing the goal to raise public revenue) and a Pigou-term capturing the environmental cost of a person's private driving. This property is similar to the optimal environmental tax derived by Sandmo (1975). However, the behavioural assumption underlying the present framework is quite different from the standard theory of consumer choice adopted by Sandmo.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum // Department of Economics, University of Oslo 2008,9en_US
dc.subject.jelD11en_US
dc.subject.jelH23en_US
dc.subject.jelL13en_US
dc.subject.jelL91en_US
dc.subject.ddc330en_US
dc.subject.keywordDiscrete choiceen_US
dc.subject.keywordurban transporten_US
dc.subject.keywordcongestionen_US
dc.subject.keywordcongestion chargesen_US
dc.subject.stwDiskrete Entscheidungen_US
dc.subject.stwStraßenbenutzungsgebühren_US
dc.subject.stwStadtverkehren_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwTheorieen_US
dc.titleA discrete-choice model approach to optimal congestion chargeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn565317946en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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