low-unemployment regions in general equilibrium. The compensating differentials hypothesis is tested on city-level data …

-spatial setting, leaving one of the two instruments redundant, our results show that their welfare effects may, in contrast, turn out …

to road pricing, since it can produce large welfare gains even in the absence of congestion. We show that both a cordon …

model of a monocentric city, in which two types ofexternalities occur. On the one hand, pollution inthe industrial centre … existence of the city is explained byagglomeration economies, represented as simpleMarshallian external benefits in production …

How should urban containment and the diversion of households to nearby residential areas be evaluated from a welfare … economic perspective? Assuming the existence of a negative externality of city size, we develop a concise general equilibrium … model for a mother city and a satellite. This satellite should be founded if the gain in surplus exceeds the fixed costs of …

This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary, rigid … the quantity restriction determines the volume of the welfare gains in a non-monotonic fashion. This finding introduces a … adjustments of the Pigouvian toll can lead to small, but not negligible welfare gains. …