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ability types take up more education.A subsidy to education will then favor these types. Wediscuss the condition for the net … education subsidy. We consider somemore elaborate schemes for education subsidies. …
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justified. We examine one of the main benefits of public transit, a reduction in car congestion externalities, the so … substantial, equivalent to about half of the public transit subsidy. We demonstrate that during weekends, car speed does not … as number of car travelers suggesting that bicycling-promoting policies to reduce car congestion externalities might be …
Persistent link: https://www.econbiz.de/10010477114
In studying congestion tolling, it is important to account for heterogeneity in preferences of drivers, as ignoring it can bias the welfare gains. We analyse the effects of tolling, in the bottleneck model, with continuous heterogeneity in the value of time and schedule delay. The welfare gain...
Persistent link: https://www.econbiz.de/10011379639
satiable agents, i.e., the benefit function is decreasing beyond some satiation point. In such situations externalities appear … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of … satiation points, it appears that every weighted hierarchical solution is independent of the externalities. …
Persistent link: https://www.econbiz.de/10011381991
Existing work emphasizes the importance of traffic congestion externalities, but typically ignores cruising …-for-parking externalities. We introduce a novel methodology to estimate the marginal external cruising costs of parking. The level of cruising …
Persistent link: https://www.econbiz.de/10011350729
This paper estimates the marginal accident externality of driving in Central London by exploiting variation in traffic flow induced by the London Congestion Charge Zone using an instrumental variable approach. The charge attributed to a 9.4% reduction in traffic flow, which resulted in a less...
Persistent link: https://www.econbiz.de/10012317457
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We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport, as the sum of hedonic house price differentials and a residual cost component. The residual costs are assessed from a survey, including an ordinal life satisfaction scale, on which...
Persistent link: https://www.econbiz.de/10011334840
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