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Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of...
Persistent link: https://www.econbiz.de/10012454996
their counterfactual implications. Applying our methodology to US Commuting Zones, we find that difference …
Persistent link: https://www.econbiz.de/10012479498
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading example is highway construction, where slow completion times inflict a negative externality on commuters. Recently, highway departments have introduced innovative contracting methods...
Persistent link: https://www.econbiz.de/10012463793
When worker commutes are suboptimal, quits and moves are related. Either a quit, a move, or both can achieve an optimal commute. However, with fixed costs to quitting and moving, a quit or move alone is more likely than both together. Payroll records of a firm which relocated from the central...
Persistent link: https://www.econbiz.de/10012476598
reductions in commuting time between regions on the commuting decisions of workers and their choices regarding where to live and …
Persistent link: https://www.econbiz.de/10012453209
We examine variation in local wage levels, housing costs, and commuting costs for 2071 areas covering the United States …
Persistent link: https://www.econbiz.de/10012458743
We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours per week per worker in 2021 and 2022, and that it will...
Persistent link: https://www.econbiz.de/10013537760
Cities can be thought of as the absence of physical space between people and firms. As such, they exist to eliminate transportation costs for goods, people and ideas and transportation technologies dictate urban form. In the 21st century, the dominant form of city living is based on the...
Persistent link: https://www.econbiz.de/10012468965