Unpriced Transportation Congestion

Preprint
Publisher Website
Google Scholar
    • preprint
      • Published in RePEc
Abstract
This paper investigates features of an urban economy where there is unpriced transportation congestion. It focusses on the relationship between the market rent on residential land, the shadow rent on residential land, and the shadow rent on land in road use, when road width is arbitrary, and when road width is determined by one of several rules. This allows us to ascertain the direction of bias in cost-benefit analysis resulting from the incorrect social valuation of land.
All Related Versions

This publication has 0 references indexed in Scilit: