BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:The welfare consequences of urban traffic regulations - Isis Durrm
 eyer\, Assistant professor\, Toulouse School of Economics
DTSTART:20221019T120000Z
DTEND:20221019T130000Z
UID:TALK185120@talks.cam.ac.uk
CONTACT:Emily Brown
DESCRIPTION:We develop a novel structural model to represent individual tr
 ansportation decisions and the equilibrium road traffic levels and speeds 
 inside a city. The model has two main advantages relative to the existing 
 frameworks. First\, it is a micro-founded equilibrium model with a high le
 vel of heterogeneity. The model accounts for individual heterogeneity in a
 ccess to different transportation modes\, values of travel time\, and sche
 dule constraints. Furthermore\, our model considers heterogeneous road con
 gestion technologies across different areas. The second advantage is that 
 all the model parameters are estimated using multiple publicly available d
 ata. We apply our model to the Paris metropolitan area to predict the road
  traffic equilibria under driving restrictions and road tolls and measure 
 each policy’s welfare consequences. Our results suggest that all the pol
 icies decrease individuals’ utilities: the benefits of relaxing road con
 gestion and improving car speeds do not offset the losses for individuals 
 from switching to other transportation modes or off-peak hours. However\, 
 road tolls raise significant tax revenues that\, when they are redistribut
 ed to individuals\, generate positive total surplus changes. In addition\,
  these policies reduce emissions of global and local pollutants. However\,
  they represent only a small gain once converted into monetary terms using
  standard social values for these emissions.
LOCATION:Room W4.05 (Cambridge Judge Business School)
END:VEVENT
END:VCALENDAR