The efficiency of congestion charging: Some lessons from cost-benefit analyses

@inproceedings{Raux2012TheEO,
  title={The efficiency of congestion charging: Some lessons from cost-benefit analyses},
  author={Charles Raux and St{\'e}phanie Souche and Damien Pons},
  year={2012}
}
This paper addresses methodological issues in cost-benefit analysis (CBA) regarding congestion charging schemes. Despite suspicion on the reality of travel time savings, it is argued that these savings are a conservative value of surplus gained from a congestion scheme. The methodology of measurement of travel time reliability is not yet stabilised, but the literature review suggests that it may take a growing share of benefits in the future. Sensitivity tests performed on the London and… CONTINUE READING

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