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The Fundamental Law of Road Congestion: Evidence from US cities

Duranton, Gilles; Turner, Matthew A - C.E.P.R. Discussion Papers - 2009

We investigate the relationship between interstate highways and highway vehicle kilometers traveled (vkt) in US cities. We find that vkt increases proportionately to highways and identify three important sources for this extra vkt: an increase in driving by current residents; an increase in...

Persistent link: https://www.econbiz.de/10008528527

A Welfare Assessment of Revenue Management Systems

Dupuis, Nicolas; Ivaldi, Marc; Pouyet, Jérôme - C.E.P.R. Discussion Papers - 2015

We study the welfare impact of revenue management, i.e. intertemporal price discrimination when the product availability is limited both in time and quantity, and consumers' arrival is random. This practice is particularly relevant, and widely spread, in the transport industry, but little is...

Persistent link: https://www.econbiz.de/10011165643

The Social Cost of Air Traffic Delays

de Villemeur, Etienne; Ivaldi, Marc; Quinet, Emile; … - C.E.P.R. Discussion Papers - 2015

The so-called buffer time or buffer delay allows airlines to control for excessive delays by introducing extra time in their schedule in addition to what is technically required. . We study the differences between unregulated markets - where airlines are free to fix their buffer times...

Persistent link: https://www.econbiz.de/10011165671

Roads and Trade: Evidence from the US

Duranton, Gilles; Morrow, Peter; Turner, Matthew A - C.E.P.R. Discussion Papers - 2013

We estimate the effect of interstate highways on the level and composition of trade for us cities. Highways within cities have a large effect on the weight of city exports with an elasticity of approximately 0.5. We find little effect of highways on the total value of exports. Consistent with...

Persistent link: https://www.econbiz.de/10011083314

Does Supporting Passenger Railways Reduce Road Traffic Externalities?

Lalive, Rafael; Luechinger, Simon; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013

Many governments subsidize regional rail service as an alternative to road traffic. This paper assesses whether increases in service frequency reduce road traffic externalities. We exploit differences in service frequency growth by procurement mode following a railway reform in Germany to...

Persistent link: https://www.econbiz.de/10011083939

Integration in the English wheat market 1770-1820

Brunt, Liam; Cannon, Edmund - C.E.P.R. Discussion Papers - 2013

Cointegration analysis has been used widely to quantify market integration through price arbitrage. We show that total price variability can be decomposed into: (i) magnitude of price shocks; (ii) correlation of price shocks; (iii) between-period arbitrage. All three measures depend upon data...

Persistent link: https://www.econbiz.de/10011084541

Cultural and Institutional Bifurcation: China and Europe Compared

Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2010

How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the …

Persistent link: https://www.econbiz.de/10008468568

Coordination, Cooperation, Contagion and Currency Crises

Loisel, Olivier; Martin, Philippe - C.E.P.R. Discussion Papers - 1999

a model that builds on two separate literatures: the literature on international monetary cooperation on the one hand …

Persistent link: https://www.econbiz.de/10005124321

Globalization and Cooperative Relations

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2002

. The aversion to intertemporal substitution, a regular feature of real world agents, facilitates cooperation by decreasing …. Access to goods’ markets and ‘money’ may then hinder cooperation by undoing these effects, allowing agents to save and … markets make cooperation even harder to sustain, unless the market interest rate is sufficiently below agents’ discount rate …

Persistent link: https://www.econbiz.de/10005136656

The Evolution of Cooperative Norms: Evidence from a Natural Field Experiment

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - C.E.P.R. Discussion Papers - 2005

for cooperation. As a counterfactual, we analyse worker behaviour when workers are paid piece rates and thus have no … exposure cooperate more. Shocks to the workforce in the form of new worker arrivals disrupt cooperation in the short term but …

Persistent link: https://www.econbiz.de/10005498099