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- W2123387267 abstract "Asia’s rapid urbanization and growing incomes have resulted in a corresponding booming market in motor vehicle sales. In 2013, an estimated 18 million new passenger cars were sold in China. Motor vehicle users generate congestion, pollution, accidents, noise and road damage. Yet, in most cities motor vehicle users often do not pay the full social costs and are therefore implicitly subsidized by non-users. According to the Tom Tom Traffic Index, 1 which is based on GPS data, motorists in the worst congested cities in developed countries spend up to 40% more time for peak hour commutes. This level of delay is relatively benign when compared to the congestion problems in many developing country cities where traffic jams of the ‘monster’ variety have on occasion stretched on for over 100 km and lasted for several days. Congestion and pollution are examples of instances of market failure which justify government intervention. That these problems persist and have grown in magnitude reflect government failure to adequately implement policies to address these issues. The reasons for inadequate government response are varied and can be due to ignorance, inertia, bad policies, implementation failures, capture by vested interests, and ideological or political constraints. It is certainly not for lack of policy instruments. Numerous instruments exist that have been implemented to manage the motor vehicle problem. These measures can be classified as measures that 1 Tom Tom Traffic Index at http://www.tomtom.com/en_gb/trafficindex/" @default.
- W2123387267 created "2016-06-24" @default.
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- W2123387267 date "2014-01-01" @default.
- W2123387267 modified "2023-09-27" @default.
- W2123387267 title "Managing Private Vehicles in Asian Cities" @default.
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