Cordon Pricing and Land-Use Regulation

Tatsuhito Kono, Hiroya Kawaguchi

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)

Abstract

This study explores the simultaneous imposition of cordon pricing and land-use regulations in a continuous and closed monocentric city with homogeneous households. Results reveal the optimal level of a single cordon toll and its location and the optimal floor area ratio (FAR) regulation, clarifying what distortions remain in the existence of cordon pricing and FAR regulation. Among other results, this paper shows that, with an optimal cordon toll, FAR regulation should alternate between a minimum and a maximum regulation, both inside and outside the cordon line.

Original languageEnglish
Pages (from-to)405-434
Number of pages30
JournalScandinavian Journal of Economics
Volume119
Issue number2
DOIs
Publication statusPublished - 2017 Apr 1

Keywords

  • Congestion
  • cordon pricing
  • floor area ratio
  • land-use regulation
  • road investment
  • urban growth boundary

ASJC Scopus subject areas

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Cordon Pricing and Land-Use Regulation'. Together they form a unique fingerprint.

Cite this