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Other Papers on :Economic Policy

P/E/471. Evaluation of congestion charge effects

(2006, 1000 words)

The paper examines the effects of the congestion charge (CC) introduced in 2003 to improve London’s transport system describing the launch of the scheme, the current congestion charging zone, and the consequences of CC for businesses, individuals, environment, etc. The theory of positive and negative externalities is reviewed and applied to the CC evaluation.
 
   
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