Using a nested multinomial logit model of car ownership and personal travel in Beijing circa 2005, this paper compares the effectiveness of different policy instruments to reduce traffic congestion and CO2 emissions. The study shows that a congestion toll is more efficient than a fuel tax in reducing traffic congestion, whereas a fuel tax is more effective as a policy instrument for reducing gasoline consumption and emissions. An improvement in car...
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DETALHES
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2009/10/01
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Documento de trabalho sobre pesquisa de políticas
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WPS5068
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1
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1
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2009/10/06
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Disclosed
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An analysis of various policy instruments to reduce congestion, fuel consumption and CO2 emissions in Beijing
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volume to capacity ratio
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