We investigate the effects of public capital investment on the demand for travel. We define capital stock as a productive flow that accounts for the physical deterioration of infrastructure over time. We present a framework where additions to capital stock only cover a portion of the long-run...

This paper investigates the hypothesis that houses located in proximity of limited-access roadways exhibit a resilience to price decline during and after exogenous market downturns. Using a quasi-experimental design, we look for empirical evidence of price differentials before, during, and after...

Some urban policies are designed to reduce auto and increase transit usage. Evidence is mixed because most empirical research uses ad hoc specifications. We estimate empirical models of the interaction between urban form and transit demand drawn from urban economic theory. Population density has...

Some urban policies are designed to reduce auto and increase transit usage. Evidence is mixed because most empirical research uses ad hoc specifications. We estimate empirical models of the interaction between urban form and transit demand drawn from urban economic theory. Population density has...

We investigate the effects of public capital investment on the demand for travel. We define capital stock as a productive flow that accounts for the physical deterioration of infrastructure over time. We present a framework where additions to capital stock only cover a portion of the long-run...