REFORMING TRANSPORT PRICING: AN ECONOMIC PERSPECTIVE ON EQUITY, EFFICIENCY, AND ACCEPTABILITY. IN: ACCEPTABILITY OF TRANSPORT PRICING STRATEGIES

Any major pricing or taxation reform will be accepted only if it shows a welfare gain or no welfare loss for a sufficiently large majority of the voters. This is the essence of the economic approach to acceptability. A necessary condition for an individual voter to accept the reform is that his utility is not reduced. For some types of reform, the utility impacts on voters will be unequally distributed, making the reform more difficult to accept. This is a well-known problem in the reform of industrial and trade policy. With these issues in mind, this paper looks at transport pricing reforms, focusing on reforms that take society from the present pricing policies to marginal social cost pricing, which increases economic efficiency by addressing the different sources of external costs more directly.

Language

  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 93-106
  • Monograph Title: ACCEPTABILITY OF TRANSPORT PRICING STRATEGIES

Subject/Index Terms

Filing Info

  • Accession Number: 00971279
  • Record Type: Publication
  • ISBN: 0080441998
  • Files: TRIS
  • Created Date: Mar 9 2004 12:00AM