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Discuss the merits of road pricing (25)
- Essay length: 1868 words
- Submitted: 18/04/2012
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Marked by teacher:
David Salter
Teacher essay summary
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Some very good points here. The evaluation at the end is particularly strong and the writer makes a good case for congestion charging. They have not researched sufficiently into existing and proposed schemes where the use of technology overcomes many of the problems raised.
Marked by teacher David Salter 02/05/2012
The first 200 words of this essay...
Discuss the merits of road pricing (25) 4
L1. Road Pricing - a direct charge for the use of road space
Negative externality - these exists where social costs of an activity is greater than the private cost, congestion is an example of a negative externality
L2. For example, The London Congestion Charge - a flat rate indirect tax levied on all vehicles entering a designated charging zone between 7 am & 6 pm, Monday-Friday. It was introduced in Feb 2003 at the rate of £5 per day. It was ? to £8 per day in July 2005. In Feb 2007, the charging zone was doubled in size to cover a substantial zone in London. This is an example of hypothecation (a situation where revenue from tax is directly allocated to some other purpose) as most of the new revenue has been used to improve bus services
Another example of road pricing is in Singapore you must buy a car permit for 10 years, which costs up to £75,000.
L3. Road Pricing is beneficial to an economy as it is a way of internalising the external costs of congestion and makes the polluter
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MbT essay summary
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Some very good points here. The evaluation at the end is particularly strong and the writer makes a good case for congestion charging. They have not researched sufficiently into existing and proposed schemes where the use of technology overcomes many of the problems raised.
