Journal
TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
Volume 67, Issue -, Pages 188-194Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.tra.2014.07.006
Keywords
Road pricing; Transport costs; Housing prices
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Road pricing is increasingly used as an economic tool to decrease the burden of transport externalities. Following the examples of several cities worldwide, on 2nd January, 2008, the city of Milan introduced a charge for accessing the city centre with the aim of curbing air pollution and congestion. The aim of this paper is to evaluate empirically the effect of such a charge on the housing market. By applying a difference-in-differences methodology, I find empirical support for a decrease in housing prices in the coverage area. (C) 2014 Elsevier Ltd. All rights reserved.
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