How Large is the Gap between Present and Efficient Transport Prices in Europe?

Peirson, John D., Vickerman, Roger W., Proost, Stef, de Borger, Bruno, van Dender, Kurt, Courcelle, C, Sharp, D., O'Mahony, Margaret, Heaney, Q., van den Bergh, Jeroen C. J. M., and others. (2002) How Large is the Gap between Present and Efficient Transport Prices in Europe? Transport Policy, 9 (1). pp. 41-57. ISSN 0967-070X. (doi:10.1016/S0967-070X(01)00029-4) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:523)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL: https://doi.org/10.1016/S0967-070X(01)00029-4

Abstract

In this paper, we analyse the gap between present transport prices and efficient transport prices. Efficient transport prices are those prices that maximise economic welfare, including external costs (congestion, air pollution, accidents). The methodology is applied to six urban and interregional case studies using one common optimal pricing model. The case studies cover passenger as well as freight transport and cover all modes. We find that prices need to be raised most for peak urban passenger car transport and to a lesser extent for interregional road transport. Optimal pricing results for public transport are more mixed. We show that current external costs on congested roads are a bad guide for optimal taxes and tolls: the optimal toll that takes into account the reaction of demand is often less than one third of the present marginal external cost.

Item Type:	Article
DOI/Identification number:	10.1016/S0967-070X(01)00029-4
Uncontrolled keywords:	Transport pricing, External costs, Social costs, Congestion pricing
Subjects:	H Social Sciences
Divisions:	Divisions > Division of Human and Social Sciences > School of Economics
Depositing User:	Roger Vickerman
Date Deposited:	19 Dec 2007 18:18 UTC
Last Modified:	05 Nov 2024 09:30 UTC
Resource URI:	https://kar.kent.ac.uk/id/eprint/523 (The current URI for this page, for reference purposes)

University of Kent Author Information

Peirson, John D..

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Vickerman, Roger W..

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