Revenue recycling and the welfare effects of road pricing /

Revenue recycling and the welfare effects of road pricing /

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Bibliographic Details
Author / Creator:Parry, Ian.
Imprint:Washington, DC : World Bank, Development Research Group, Infrastructure and Environment, [1999]
Description:28 p. : ill. ; 28 cm.
Language:English
Series:Policy research working paper ; 2253
Policy research working papers ; 2253.
Subject:
Congestion pricing -- Economic aspects.
Traffic congestion -- Taxation -- Economic aspects.
Transportation, Automotive -- Taxation -- Economic aspects.
User charges -- Economic aspects.
Format: E-Resource Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/4146895
Hidden Bibliographic Details
Other authors / contributors:Bento, Antonio M.
World Bank. Development Research Group. Environment and Infrastructure.
Notes:"December 1999"--Cover.
Includes bibliographical references (p. 23-26).
Also available on the World Wide Web.
Summary:The presence of preexisting tax distortions, and the form of revenue recycling, can crucially affect the size-- and possibly even the sign-- of the welfare effect of road pricing schemes. The efficiency gains from recycling congestion tax revenues in other tax reductions can amount to several times the Pigouvian welfare gains from congestion reduction.

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