The cost of traffic : evidence from the London Congestion Charge

• Main Author: Tang, Cheng Keat
• Other Authors: School of Social Sciences
• Format: Article
• Language: English
• Published: 2021
• Subjects: Business::General::Economic and business aspects; London Congestion Charge (LCC); Traffic Conditions
• Online Access: https://hdl.handle.net/10356/146475
• Institution: Nanyang Technological University

This paper exploits the implementation of the London Congestion Charge (LCC) to provide credible estimates on the willingness to pay to avoid traffic using the housing market. This policy curtails road traffic by imposing a fee on anyone driving into the charge zone. My results show that the LCC is...