AN EVALUATION OF TWO PROPOSALS FOR TRAFFIC RESTRAINT IN CENTRAL LONDON

THE PAPER CONSIDERS SOME OF THE LIKELY EFFECTS OF TWO PROPOSALS FOR RESTRAINING THE USE OF CARS AND MOTORCYCLES IN CENTRAL LONDON. ONE PROPOSAL IS TO SELL DAILY LICENSES TO ENTER THE AREA. THE OTHER IS TO TAX PARKING IN THE AREA. BOTH PROPOSALS THEREFORE AIM TO RAISE THE PRICE OF MOTORISTS AND CYCLISTS, AND THE EFFECTS ARE STUDIED AS A PROBLEM OF EQUILIBRIUM BETWEEN DEMAND AND SUPPLY. THE DEMAND FUNCTIONS OF DIFFERENT CLASSES OF TRAFFIC ARE EXAMINED IN THE LIGHT OF SUCH DATA AS ARE AVAILABLE BUT THE RESULTS MUST BE REGARDED CAUTIOUSLY AS A FIRST ATTEMPT TO TACKLE AN IMPORTANT BUT DIFFICULT PROBLEM. THE SUPPLY FUNCTION (OF ROAD SPACE) IS ANALYSED BY A NEW METHOD. THE POSITIONS OF EQUILIBRIUM, I.E. THE TRAFFIC VOLUMES AND SPEEDS, ARE THEN CALCULATED FOR DIFFERENT LEVELS OF LICENSE FEE OR PARKING TAX, AND THE NET BENEFITS OF EACH POSITION ARE WORKED OUT. THE RESULTS SUGGEST THAT THE OPTIMUM CHANGES WOULD BE 6S. FOR A DAILY LICENSE OR 9D. FOR AN HOURLY PARKING TAX, BUT THE NET BENEFIT FROM THE DAILY LICENSE -- AT LEAST 6-7 MILLION POUNDS A YEAR -- WOULD BE MORE THAN DOUBLE THAT ARISING FROM PARKING TAX. THE BENEFIT WOULD ACCRUE LARGELY TO BUS PASSENGERS. /AUTHOR/

  • Availability:
  • Supplemental Notes:
    • Series A (GENERAL), VOL 130, PART 3, PP 327-377
  • Corporate Authors:

    Royal Statistical Society

    21 Bentinck Street
    London W1M 6AR,   England 
  • Authors:
    • Thomson, J M
  • Publication Date: 1967

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Filing Info

  • Accession Number: 00201372
  • Record Type: Publication
  • Source Agency: Traffic Systems Reviews & Abstracts
  • Files: TRIS
  • Created Date: Jun 24 2003 12:00AM