Type
Working paper
Title
Speed
Author(s)
COUTURE Victor - University of California [Berkeley] (Author)
DURANTON Gilles - University of Pennsylvania (Penn) (Author)
TURNER Matthew A. - Brown University (Author)
Editor
Paris : Laboratory for Interdisciplinary Evaluation of Public Policies
Collection
LIEPP Working Paper : 51
Keywords
roads, vehicle-kilometers traveled, public transport, congestion, travel time
Abstract
EN
We investigate the determinants of driving speed in large us cities. We first estimate city level supply functions for travel in an econometric framework where both the supply and demand for travel are explicit. These estimations allow us to calculate a city level index of driving speed and to rank cities by driving speed. Our data suggest that a congestion tax of, on average, about 1.5 cents per kilometer yields welfare gains of about 30 billion dollars per year, that centralized cities are slower, that cities with ring roads are faster, and that the provision of automobile travel in cities is subject to decreasing returns to scale.
BIBLIOGRAPHIC QUOTE
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