The political economy of cordon tolls KU Leuven University of Antwerp
© 2017 Elsevier Inc. This paper studies the political economy of cordon tolls in a monocentric city consisting of three zones: center, mid-city and suburbs. The cordon toll may give rise to several interrelated conflicts: between residents within and outside the cordon, between car and public transport users, between the rich and the poor and, as the toll capitalizes into rents, between landowners and renters. These conflicts drive all our ...