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Toll Competition Among Congested Roads
Engel, Eduardo - 1999
. When the franchised road has no close substitute, the government must regulate tolls. Yet when there are many ways of … sufficient conditions for the existence of an equilibrium in pure strategies with strictly positive tolls. Equilibrium congestion …. Franchise holders partially internalize congestion costs when setting tolls, which softens price competition. Second, when …
Persistent link: https://www.econbiz.de/10012471692
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Migration, Congestion Externalities, and the Evaluation of Spatial Investments
Dinkelman, Taryn - 2015
The direct benefits of infrastructure in developing countries can be large, but if new infrastructure induces in-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household electrification in South Africa, we demonstrate the...
Persistent link: https://www.econbiz.de/10012457824
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How Should We Measure Infrastructure? The Case of Highways and Streets
Kornfeld, Robert; Fraumeni, Barbara M. - National Bureau of Economic Research - 2022
The recent debates on infrastructure spending have led to renewed interest in the measurement of infrastructure and its effects on growth and well-being. This paper updates estimates of one important type of infrastructure capital--highways and streets. We compare BEA's capital measures with...
Persistent link: https://www.econbiz.de/10013210073
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The costs and benefits of price stability
Feldstein, Martin S. (contributor); Feldstein, Martin S. (ed.) - 1999
Persistent link: https://www.econbiz.de/10000676626
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Behavioral and distributional effects of environmental policy
Carraro, Carlo (contributor);  … - 2001
Persistent link: https://www.econbiz.de/10001481180
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Does Aid Matter? Measuring the Effect of Student Aid on College Attendance and Completion
Dynarski, Susan M. - 1999
Does student aid increase college attendance or simply subsidize costs for infra-marginal students? Settling the question empirically is a challenge, because aid is correlated with many characteristics that influence educational investment decisions. A shift in financial aid policy that affects...
Persistent link: https://www.econbiz.de/10012471359
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Quality Improvement in Health Care : A Framework for Price and Output Measurement
Shapiro, Irving - 1999
The durability of health care treatment, the substantial technical change in health care treatment, and the prevalence of third-party payment interact to create substantial difficulty in measuring the price and output of health care. This paper provides a framework for analyzing the demand for...
Persistent link: https://www.econbiz.de/10012471836
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When Can Benefit Cost Analyses Ignore Secondary Markets?
Kotchen, Matthew J.; Levinson, Arik - National Bureau of Economic Research - 2022
We make four main contributions in this paper related to the theory and practice of benefit cost analysis (BCA). First …
Persistent link: https://www.econbiz.de/10013172111
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Cost-Benefit Analysis Under Uncertainty
Graham, David A. - 1977
In what follows we provide a conceptually correct procedure for determining whether a risky project passes the "potential Pareto improvement" welfare criterion which forms the normative basis of cost-benefit analysis. In this approach the role of secondary markets in providing opportunities for...
Persistent link: https://www.econbiz.de/10012478938
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From Sectoral to Functional Urban Specialization
Duranton, Gilles - 2002
Striking evidence is presented of a previously unremarked transformation of urban structure from mainly sectoral to mainly functional specialization. We offer an explanation showing that this transformation is inextricably interrelated with changes in firms' organization. A greater variety of...
Persistent link: https://www.econbiz.de/10012469599