Takamasa Akiyama, Department of Civil Engineering
Gifu University, Gifu, Japan, Se-il Mun, Graduate School of Economics, Kyoto University, , Kyoto, Japan, Masashi Okushima, Department of Civil Engineering
Gifu University, Gifu, Japan
Pricing for the Existing Toll-Roads as a Second-best Policy for Congestion Management (assigned to theme
This paper examines the effects of alternative congestion pricing systems; cordon pricing and congestion pricing for existing toll roads, using the network equilibrium model developed for the Osaka Metropolitan Area, Japan. Cordon pricing is more effective in reducing total efficiency loss from traffic congestion. On the other hand, pricing for existing toll roads keeps the loss in consumer surplus low to attain the same level of efficiency gain as the cordon pricing.
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