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preferences, I use a model of departure time choice to design a field experiment with congestion pricing policies and implement it … using precise GPS data. Commuter responses in the experiment reveal moderate schedule inflexibility and a high value of time …
Persistent link: https://www.econbiz.de/10013537795
Drivers have been running an 'arms race' on American roads by buying increasingly heavy vehicles such as SUVs, vans and light trucks. Families view large vehicles as providing better protection to their own occupants if a crash occurs, but these vehicles pose an increased danger to occupants of...
Persistent link: https://www.econbiz.de/10012469404
This paper presents a downtown parking model that integrates traffic congestion and saturated on-street parking. We assume that the stock of cars cruising for parking adds to traffic congestion. Two major results come out from the model, one of which is robust. The robust one is that, whether or...
Persistent link: https://www.econbiz.de/10012467567
Americans drive 2,360,000,000,000 miles each year, far outstripping other nations. Every time a driver takes to the …
Persistent link: https://www.econbiz.de/10012471873
In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift towards motor vehicle taxes based on car use. Ownership taxes reduce the number of cars on the road, leaving the price per trip largely unaffected. Use taxes such as fuel taxes and...
Persistent link: https://www.econbiz.de/10012470446
The following paper discusses the analysis of some types of economic time series using an altered time scale, or … operational time. It is argued that for some series, observations that are ordinarily thought of as equidistant in time are … actually irregularly spaced in a more natural time scale. Section A discusses point or impulse sampling of related series and …
Persistent link: https://www.econbiz.de/10012479094
International risk-sharing has far-reaching implications both for economic policy and for basic research in economics. When countries do not share risk, individuals in those countries experience fluctuations in their consumption levels that are undesirable and possibly unnecessary. This paper...
Persistent link: https://www.econbiz.de/10012461868
An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and mispricing. We use demand shifts induced by demographics to address this problem, and hence, provide a more...
Persistent link: https://www.econbiz.de/10012463465
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading … departments have introduced innovative contracting methods based on scoring auctions that give contractors explicit time …
Persistent link: https://www.econbiz.de/10012463793
. The imperfect information is endogenized using a variant of the theory of "rational inattention" proposed by Sims (1998 …
Persistent link: https://www.econbiz.de/10012464027