Environmental effects of transport: A model of optimal pricing and investment for the UK

Peirson, J.D. and Vickerman, R.W. (1995) Environmental effects of transport: A model of optimal pricing and investment for the UK. International Journal of Environment and Pollution, 7 (3). pp. 343-356. ISSN 0957-4352 . (The full text of this publication is not available from this repository)

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Abstract

This paper models the effects of imposing efficient pricing on interurban passenger travel in the United Kingdom and passenger travel in London. Both the internal and external costs of the main modes are estimated. The resulting efficient prices are used to predict the changes in demand for each mode, together with implied tax revenues, operators' aggregate surplus or deficit, and the implied investment needs. Efficient pricing and taxation of externalities does not lead to substantial shifts to modes of transport with lower external costs and thus does not substantially reduce the impact of transport on the environment. In the long run, demand changes are driven mainly by the growth of income. The assumption made about the appropriate scale economies present is an important determinant of the degree of change and overall effects. In the London model, sufficient revenue is generated to cover the deficits incurred by public transport operators.

Item Type: Article
Additional information: Conference Information: Conference on Transport and the Global Environment Amesterdam, Netherlands, Feb, 1995 VSB Found
Uncontrolled keywords: environmental effects of transport; investment; optimal pricing; taxation; transport demand
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Divisions: Faculties > Social Sciences > School of Anthropology and Conservation > Environmental Anthropology and Ethnobiology
Faculties > Social Sciences > School of Anthropology and Conservation
Depositing User: Roger Vickerman
Date Deposited: 24 Oct 2009 20:20
Last Modified: 23 Mar 2012 11:57
Resource URI: http://kar.kent.ac.uk/id/eprint/18233 (The current URI for this page, for reference purposes)
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