Showing 1 - 10 of 10
This paper examines the conception of individuals as being of certain types in Harsanyi's transformation of games of incomplete information into games of complete information. It argues that while the conception of the individual in games of complete information offers potential advances over...
Persistent link: https://www.econbiz.de/10005144523
A flat tax rate on income has gained popularity in European countries. This paper assesses the attractiveness of such a flat tax in achieving redistributive objectives with the least cost to labour market performance. We do so by using a detailed applied general equilibrium model for the...
Persistent link: https://www.econbiz.de/10005137282
We derive and discuss a general, but simple geographical economics model with congestion, allowing us to explain the …
Persistent link: https://www.econbiz.de/10005795569
In this paper we study how congestion and residential moving behaviour are interrelated using a two-region job search …. This choice affects the external costs of commuting due to congestion. The welfare maximizing road tax is derived. We … demonstrate that road pricing may not only reduce congestion but also increase total residential moving costs in the economy. One …
Persistent link: https://www.econbiz.de/10005136915
This paper develops a continuous-time -continuous-place economic model of road traffic congestion with a bottleneck …: 'static flow congestion', originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered by Vickrey …, based on car-following theory. The model integrates two archetype congestion technologies used in the economics literature …
Persistent link: https://www.econbiz.de/10005137224
Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing … congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive … congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …
Persistent link: https://www.econbiz.de/10005137232
. The difference in desired speeds causes congestion, because slow drivers force fast drivers to reduce their speed. An … interesting aspect of this type of congestion is that results with respect to tolling are very different from those of the …
Persistent link: https://www.econbiz.de/10005504894
We explore the properties of various types of public and private pricing on a
Persistent link: https://www.econbiz.de/10005504898
Division of labor models have become a standard analytical tool, along with competitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development, and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical...
Persistent link: https://www.econbiz.de/10005137114
-connected knowledge-driven economy, the relevance of agglomeration forces that rely on proximity continues to increase, paradoxically …
Persistent link: https://www.econbiz.de/10005450786