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http://dx.doi.org/10.7470/jkst.2014.32.4.357

Analysis of Congestion Tolls Using the Land Use-Transportation Model When Toll Revenues Are Recycled  

Rhee, Hyok-Joo (Department of Public Administration, Seoul National University of Science and Technology)
Publication Information
Journal of Korean Society of Transportation / v.32, no.4, 2014 , pp. 357-368 More about this Journal
Abstract
So far, land use-transportation models have been used exclusively for numerical analysis. A recent theoretical endeavor now enables us to derive the first-order derivative of the model's welfare function with respect to policy variables. I extend this methodology into the institutional setting where toll revenues are recycled through labor income tax. In this setting, the first-order derivative is composed of (1) the increase in welfare due to reduced congestion, and (2) the decrease in welfare due to interaction with the existing labor income tax. This result coincides with existing theory in the non-spatial model.
Keywords
congestion tolls; general equilibrium; labor income tax; land use-transportation model; tax recycling;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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