We develop an equilibrium job search model in which employees incur commuting costs, and residential relocation is costly. We demonstrate that firms partially compensate workers for the incurred relocation costs to avoid paying compensation for commuting costs when house prices do not fully...

The authors derive the annual welfare effects of low water levels on the river Rhine employing detailed trip data reported by bargemen between January 2003 and July 2005. They find a considerable effect of water levels on freight price per ton and load factor, but the effect on the price per...

According to theory, carriers' speeds vary positively with freight prices and negatively with fuel prices. The current paper tests these hypotheses using micro panel data on inland waterway trips, made in North-west Europe in the period 2003-7. We find that the freight price elasticity of speed...

This article presents a methodology to determine the optimal intensity of Incident Management (IM) on the road in order to reduce time losses of road users. We combine the probability of time loss because of an incident with the expected average time loss in the cost function of the road user. A...

In this paper, we derive a structural model for commuting speed. We presume that commuting speed is chosen to minimise commuting costs, which encompass both monetary and time costs. At faster speed levels, the monetary costs increase, but the time costs fall. Using data from Great Britain, we...

This paper proposes an analytical framework for the scheduling decisions of road travellers that takes into account probability weighting using rank-dependent utility theory. The fundamental difference with the standard scheduling model based on expected utility is that the probabilities of...

There is little known about the effects of staggered-hours programmes that affect workers' working schedules to mitigate peak congestion. We examine the effect of workers' morning start times on their wages in Germany. In contrast to previous work based on cross-section data, we demonstrate that...

Optimal strategies in railway networks call for a differentiated treatment of fares, frequencies, and vehicle sizes in various links. However, for several reasons, railway operators may apply uniform levels for these decision variables. In this paper the authors investigate the welfare losses...

This study empirically explores welfare effects associated with bilateral airline liberalisation on European interstate routes. To this end, a sample of 34 routes with varying liberalisation status has been investigated econometrically for the period 1988 to 1992. The estimated fare and...

The authors study interaction on a two-lane road between the trips of two types of drivers who differ by their desired speeds. The difference in desired speeds causes congestion, because slow vehicles force fast vehicles to reduce their speed. Results for this type of congestion with respect to...