Author(s): Shoup, Donald and Richard Willson
Published: 1992 by in Papers Presented at the Congestion Pricing Symposium, sponsored by the Federal Highway Administration and the Federal Transit Administration, June 10-12, 1992, Washington, D.C. (U. S. Department of Transportation Publication No. FHWA-PL-93-003). (Reprinted in Robert Poole (ed.), Congestion Pricing for Southern California, Los Angeles: The Reason Foundation, September 1992, pp. 1-33.)
Online Access: http://www.uctc.net/papers/120.pdf
Abstract: Urban areas increasingly face problems associated with traffic congestion and vehicle air emissions. Employer-paid parkinga form of matching grant whereby an employer offers to pay the cost of parking if employees are willing to pay all other costs of driving to workcontributes to the tendency of employees to drive alone to work.
In downtown Los Angeles, the average employer-paid parking subsidy is equivalent to 11 cents per mile traveled to and from work. Thus, imposing a congestion toll of 11 cents per vehicle mile traveled would raise the cost of driving to the Los Angeles CBD by only as much as employer-paid parking already lowers it.
Category: Transportation Economics
See other articles by the author(s): Donald Shoup Richard Willson