Public Finance: Traffic Congestion and Economic Costs at the Community Level

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Essay #: 051942
Total text length is 4,365 characters (approximately 3.0 pages).

Excerpts from the Paper

The beginning:
Public Finance: Traffic Congestion and
Economic Costs at the Community Level
Abstract
This proposed project discusses the costs associated with traffic congestion and various alternatives that might be instituted in order to mitigate these costs at the local level. The economic costs related to traffic congestion are not solely confined to the realm of traditional economic factors such as lost productivity hours due to late workers but are also related to such externality costs as noise pollution. These costs even include other factors such as renewable energy sources or population control within a given metropolitan context and are meant to encompass these and other primary aspects such as governmental, national and social dimensions...
The end:
.....on-Related Morbidity Risks.” Environmental Economics & Policy Studies, 6/1(2004): 11.  
These authors discuss how the benefits from reducing the death rates that result from pollution are a positive economic outcome as well. They state that policymakers need to be aware of these types of economic effects of reduced pollution related mortality rates in order to design and implement the most effective public policy related to taxes, fines, and fees within the public sphere. They couch these concepts at the community level within the willingness to pay construct which demonstrates that some industries are willing to pay higher costs and some communities are willing to incur higher costs in order to reduce pollution related morbidity rates.