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  Australian Economic ReviewVolume 41 Issue 2, Pages 177 - 186 Published Online: 28 Jun 2008 ©2009 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research
Abstract | References | Full Text: HTML, PDF (Size: 95K) | Related Articles | Citation Tracking  Targeting Urban Congestion: Equity and Second-Best Issues *This is a revised version of a paper presented at the 'Making the Boom Pay, 2006 Economic and Social Outlook Conference', Melbourne Institute, 3 November 2006. Without implication, I thank Ross Williams, two anonymous referees, conference participants and David Prentice for their comments. Copyright ©2008 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research ABSTRACT
Distributional and second-best problems of implementing efficiency based demand management of road use in Australian cities are addressed. Both road use pricing and parking policies are considered. Failure to price roads and parking spots efficiently contributes to excessive travel and to excessive urban expansion. A key policy concern is to promote demand management acceptability by offering transportation alternatives and by making explicit the sources of efficiency gain from revenue neutral road charging policies with double-dividend advantages. Second-best policies of restricting land releases on city boundaries to encourage more compact city development may be inferior to policies of pricing major roads, cordon pricing and demand based parking policies.
First version received November 2006;
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