Even though environmental policy can affect the path of technology diffusion, the economics literature contains limited empirical evidence of this relationship. This paper provides insight into the technology adoption decisions of electric generating firms. Specifically, the diffusion of...

We extend the traditional road investment model, with its focus on capacity and congestion as measures of capital and its utilization, to include free-flow speed as another dimension of capital. This has practical importance because one can view free-flow speed as a continuous proxy for road...

Observed commuting distances generally exceed those predicted by standard models of household location choice. This paper develops a model with locational amenities and two job centers. It is shown that differences in household preferences for amenities can lead to various types of residential...