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In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift towards motor vehicle taxes based on car use. Ownership taxes reduce the number of cars on the road, leaving the price per trip largely unaffected. Use taxes such as fuel taxes and...
Persistent link: https://www.econbiz.de/10012470446
We propose a theory-inspired measure of the accessibility of a city's center: the size of the surrounding area from …
Persistent link: https://www.econbiz.de/10013537771
, the two generally moved in parallel, which means that the advertised fare series can serve as a reasonable proxy for …
Persistent link: https://www.econbiz.de/10012456251
Following Uber-initiated fare increases, drivers make more money per trip and, initially, more per hour-worked. Drivers … begin to work more hours. However, this increase in hours-worked--combined with a reduction in demand from a higher fare … market adjustment brings the hourly earnings rate back to about the rate that prevailed before the fare increase, in roughly …
Persistent link: https://www.econbiz.de/10014226179
This paper introduces a method for solving numerical dynamic stochastic optimization problems that avoids rootfinding operations. The idea is applicable to many microeconomic and macroeconomic problems, including life cycle, buffer-stock, and stochastic growth problems. Software is provided
Persistent link: https://www.econbiz.de/10012467286
We propose an integrated treatment of the problems of optimal monetary and fiscal policy, for an economy in which prices are sticky and the only available sources of government revenue are distorting taxes. Our linear-quadratic approach allows us to nest both conventional analyses of optimal...
Persistent link: https://www.econbiz.de/10012468792
Persistent link: https://www.econbiz.de/10012457245
Social interactions make communicable disease a core concern of public health policy. A prevalent problem is scarcity of empirical evidence that are informative about how interventions affect population behavior and illness. Randomized trials, which have been important to evaluation of...
Persistent link: https://www.econbiz.de/10012458235
the linear approach to dynamic programming by using ideas from approximation theory to avoid inefficient discretization …
Persistent link: https://www.econbiz.de/10012459628
We describe and compare several algorithms for approximating the solution to a model in" which inequality constraints occasionally bind. Their performance is evaluated and compared" using various parameterizations of the one sector growth model with irreversible investment. We" develop...
Persistent link: https://www.econbiz.de/10012472605