Showing 1 - 10 of 48
This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...
Persistent link: https://www.econbiz.de/10013076399
The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport congestion by showing that all the literature's theoretical results can be derived within one simple and unified framework. The analysis starts by replicating the results of...
Persistent link: https://www.econbiz.de/10012776625
This paper analyzes slot-based approaches to management of airport congestion, using a model where airlines are asymmetric and internalize airport congestion. Under these circumstances, optimal congestion tolls differ across carriers, and since a slot-sale regime (with its uniform slot price)...
Persistent link: https://www.econbiz.de/10012771860
This paper analyzes cordon tolling using a simple model where space is discrete rather than continuous, with commuting …
Persistent link: https://www.econbiz.de/10013049212
We examine the effects of differences in income tax rates on commuting times within multi-state MSAs. Our theoretical … holding fixed other characteristics. We identify large effects on commuting times for affluent households and homeowners in …
Persistent link: https://www.econbiz.de/10013051277
Pricing greenhouse gases is widely understood as the most efficient approach for mitigating climate change, yet distributional effects hamper political acceptance. These distributional effects are especially important in transport, the fastest growing sector for greenhouse gas emissions. Using...
Persistent link: https://www.econbiz.de/10012927740
This paper analyzes subsidies for intracity and intercity commuting in an urban economics framework with two cities and … agglomeration externalities, where workers may commute within and between cities. First, commuting subsidies serve to internalize … agglomeration externalities: Intracity commuting subsidies give incentives to move to the larger city and intercity commuting …
Persistent link: https://www.econbiz.de/10013316519
We study a simple model of commuting subsidies with two transport modes. City residents choose where to live and which …
Persistent link: https://www.econbiz.de/10013317089
This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs …
Persistent link: https://www.econbiz.de/10013011805
this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U ….S. one, respond to the error correction term. Compared with Singapore, the Hong Kong inflation rate is more responsive to U …
Persistent link: https://www.econbiz.de/10013320545