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Congestion fees are working in central London
Ben Muse links to a summary of current knowledge. Here is one bit:
The aim of the congestion charge was honest and explicit: to reduce traffic congestion by reducing traffic volume by 10 to 15 per cent. To achieve this, drivers are required to pay £5 per day if they enter central London between 7am and 6.30pm, Monday to Friday. In the event the reduction in traffic has been greater than anticipated. Overall traffic entering the zone is down 18 per cent during charging hours, with a reduction in car traffic of 30 per cent and a similar reduction in congestion. There has been little displacement of traffic into areas round the zone or additional congestion on the ring road. Motorists themselves have benefited; for those who still drive in the zone, journeys are quicker and more reliable...
Posted by Tyler Cowen on November 8, 2004 at 07:19 AM in Economics | Permalink
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Listed below are links to weblogs that reference Congestion fees are working in central London:
» Congestion Fees from Fester's Place
Overall, a pretty good set of outcomes by intelligently enacting a government policy designed to correct for a market inefficiency. [Read More]
Tracked on Nov 8, 2004 1:34:26 PM
» Friction from Brutal Hugs
Marginal Revolution notes that traffic congestion fees are working in central London Overall traffic entering the zone is down 18 per cent during charging hours, with a reduction in car traffic of 30 per cent and a similar reduction in congestion. Ther... [Read More]
Tracked on Nov 8, 2004 1:34:29 PM
» Congestion Fees from Fester's Place
Overall, a pretty good set of outcomes by intelligently enacting a government policy designed to correct for a market inefficiency. [Read More]
Tracked on Nov 8, 2004 1:41:58 PM
» Friction from Brutal Hugs
Marginal Revolution notes that traffic congestion fees are working in central London. Overall traffic entering the zone is down 18 per cent during charging hours, with a reduction in car traffic of 30 per cent and a similar reduction in congestion. The... [Read More]
Tracked on Nov 8, 2004 1:47:20 PM
» Congestion Fees from Fester's Place
Overall, a pretty good set of outcomes by intelligently enacting a government policy designed to correct for a market inefficiency. [Read More]
Tracked on Nov 8, 2004 1:54:13 PM
» Congestion fees are working, or not, maybe. from applied randomness
Congestion fees are working in central London... alleges an academic. Congestion fees in London are reducing congestion, and radically reshaping how Londoners use both cars and public transport. This we know. The other effects of charging are, to put i... [Read More]
Tracked on Nov 15, 2004 5:44:37 PM
» Congestion fees are working, or not, maybe. from applied randomness
Congestion fees are working in central London... alleges an academic. Congestion fees in London are reducing congestion, and radically reshaping how Londoners use both cars and public transport. This we know. The other effects of charging are, to put i... [Read More]
Tracked on Nov 15, 2004 5:46:23 PM
» Congestion fees are working, or not, maybe. from applied randomness
Congestion fees are working in central London... alleges an academic. Congestion fees in London are reducing congestion, and radically reshaping how Londoners use both cars and public transport. This we know. The other effects of charging are, to put i... [Read More]
Tracked on Dec 22, 2004 9:45:21 PM
» Congestion fees are working, or not, maybe. from applied randomness
Congestion fees are working in central London... alleges an academic. Congestion fees in London are reducing congestion, and radically reshaping how Londoners use both cars and public transport. This we know. The other effects of charging are, to put i... [Read More]
Tracked on Jan 25, 2005 11:51:27 AM
» Congestion fees are working, or not, maybe. from applied randomness
Congestion fees are working in central London... alleges an academic. Congestion fees in London are reducing congestion, and radically reshaping how Londoners use both cars and public transport. This we know. The other effects of charging are, to put i... [Read More]
Tracked on Jun 22, 2005 10:44:42 AM
