ECON 318 Lecture 7: RoadCongestion_Tolls
9 Jul 2016
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Congestion relief: assessing the case for road tolls in canada. I have taken the pricing diagram from wikipedia, which has a sophisticated discussion of some of the issues. Highway 407 stretches across toronto from burlington to pickering. To travel its full length during the peak period, a motorist now pays almost c. Heavy single-unit vehicles pay twice as much per kilometre as cars, and heavy multiple-unit vehicles pay three times as much. The main attraction is that it is usually a free- flowing road and thus an alternative to the frequently congested highway 401, which runs roughly in parallel a few kilometres away. Highway 407 is the most prominent toll road in canada. It is now owned and operated by a private entity: 407 etr concession company limited. The company is not subject to direct toll regulation, and likely does not set tolls with the primary objective of relieving congestion.
