Economic analysis provides insights into the choice between two different approaches and levels of government undertaking pricing policies to address the external costs resulting from congestion in the Toronto Region. In applying an analysis using economic concepts, the use of regional congestion charges are superior to a City of Toronto-imposed road toll both in terms of economic efficiency, addressing the social congestion costs in the region, and in terms of the equity of, having the benefits of transit expenditures from the charges/tolls flow to those who make the payment. This is consistent with the thinking that regional problems require regional solutions or policies to be effective.
For more information
350 Victoria Street
Toronto Ontario
Canada M5B 2K3
www.torontomu.ca/centre-urban-research-land-development/
