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School Research Seminar

The Cost of Traffic: Evidence from the London Congestion Charge

Traffic congestion is a pervasive and urgent concern for major cities around the world. This paper evaluates the effectiveness of the London Congestion Charge Zone (CCZ) in alleviating congestion and subsequently utilizes this sharp change in traffic conditions to measure the willingness to pay to avoid traffic. Relying on rich data on traffic flows and home prices, the paper compares roads and properties in close proximity but on different sides of the CCZ to mitigate neighborhood unobservables across the boundary. Results show that homebuyers pay up to 4 percent more to enjoy a 10 percent reduction in traffic in the CCZ.
Seminar Room 2-2,
Level 2, Manasseh Meyer,
Lee Kuan Yew School of Public Policy,
National University of Singapore
Tue 13 February 2018
12:15 PM - 01:30 PM

Tang Cheng Keat

Tang Cheng Keat

PhD Candidate in Economic Geography Department of Geography and Environment, The London School of Economics and Political Science

More about speaker

Danny Quah

Danny Quah

Dean and Li Ka Shing Professor in Economics, LKYSPP

Seats are limited and will be available on a first-come, first-served basis. Kindly email Siew Ming at to register your interest for this seminar

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