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Evaluation of the Introduction of Road Pricing Using a Computable General Equilibrium Model

In: Road Pricing, the Economy and the Environment

Author

Listed:
  • Knud J. Munk

    (University of Aarhus and Danish Transport Research Institute)

Abstract

The introduction of road pricing has important budgetary and income distribution consequences. In countries like Denmark, due to high marginal rates of taxation, raising government revenue and redistributing income is associated with substantial distortionary costs and administrative costs. This chapter argues that an evaluation of the introduction of road pricing needs to take into account not only the effects on congestion and on the environment, but also the effects on the government’s budget and the income distribution consequences. A stylised Computable General Equilibrium (CGE) model which represents the interaction of the consumption of transport and of traffic congestion with leisure is used to illustrate this point. In addition, model simulations show that the introduction of road pricing may increase environmental damage, may make it desirable to reduce transport infrastructure and potentially may be associated with a significant double dividend.

Suggested Citation

  • Knud J. Munk, 2008. "Evaluation of the Introduction of Road Pricing Using a Computable General Equilibrium Model," Advances in Spatial Science, in: Chris Jensen-Butler & Birgitte Sloth & Morten Marott Larsen & Bjarne Madsen & Otto Anker Nielsen (ed.), Road Pricing, the Economy and the Environment, chapter 9, pages 167-191, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-77150-0_9
    DOI: 10.1007/978-3-540-77150-0_9
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    Cited by:

    1. MUNK, Knud J., 2011. "Optimal taxation in the presence of a congested public good and an application to transport policy," LIDAM Discussion Papers CORE 2011057, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Schubert, Daniel & Sys, Christa & Vanelslander, Thierry & Roumboutsos, Athena, 2022. "No-queue road pricing: A comprehensive policy instrument for Europe?," Utilities Policy, Elsevier, vol. 78(C).

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