Research on the Urban Transportation Development in Our Country Based on the Traffic Congestion Pricing
Wei Kou, Lin Cheng
Abstract
Wei Kou, Lin Cheng
Abstract
With the development and realization of industrialization and urbanization in the world, urban traffic volume grows rapidly; many big cities face more and more serious traffic problem. As a mean of traffic demand management, traffic congestion pricing has important significance in theory and practice. Traffic congestion pricing can counteract external diseconomy caused by network congestion, and the price of congestion is tantamount to the difference between social marginal cost and private marginal cost. This paper analyzes the economic theory of congestion pricing. Combined the effect of traffic congestion pricing that implemented in the developed countries, it researches the influence of urban transportation development in our country in the future based on the implementing congestion pricing.
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With the development and realization of industrialization and urbanization in the world, urban traffic volume grows rapidly; many big cities face more and more serious traffic problem. As a mean of traffic demand management, traffic congestion pricing has important significance in theory and practice. Traffic congestion pricing can counteract external diseconomy caused by network congestion, and the price of congestion is tantamount to the difference between social marginal cost and private marginal cost. This paper analyzes the economic theory of congestion pricing. Combined the effect of traffic congestion pricing that implemented in the developed countries, it researches the influence of urban transportation development in our country in the future based on the implementing congestion pricing.
Key concepts: Singapore Area Licensing Scheme, Congestion pricing, Traffic congestion, Urbanization, Road pricing, Demand management, Business, Industrialisation