English, Article, Journal or magazine article edition: Urban Growth Boundaries: An Effective Second-Best Remedy for Unpriced Traffic Congestion? Jan K. Brueckner

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Bookmark: http://trove.nla.gov.au/version/34042
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Urban Growth Boundaries: An Effective Second-Best Remedy for Unpriced Traffic Congestion?
Author
  • Jan K. Brueckner
Physical Description
  • preprint
Notes
  • This paper evaluates the efficacy of the urban growth boundary (UGB) as a second-best substitute for a first-best toll regime in a congested city. Numerical results show that, while a UGB is welfare improving, validating previous theoretical results, the utility gain it generates is a very small fraction of that achieved under a toll regime. Thus, the UGB is not a useful instrument for attacking the distortions caused by unpriced traffic congestion.
  • RePEc:irv:wpaper:050610
Language
  • English
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