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fares but exhibit no more fare dispersion than flights where demand is low. Moreover, the fraction of discounted advance …
Persistent link: https://www.econbiz.de/10012463094
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
Local governments spend roughly $1.6 trillion per year to provide a variety of public services ranging from police and fire protection to public schools and public transit. However, we know little about public sector's productivity in delivering key services. To understand the productivity both...
Persistent link: https://www.econbiz.de/10012456586
We propose a theory-inspired measure of the accessibility of a city's center: the size of the surrounding area from …
Persistent link: https://www.econbiz.de/10013537771
, the two generally moved in parallel, which means that the advertised fare series can serve as a reasonable proxy for …
Persistent link: https://www.econbiz.de/10012456251
Following Uber-initiated fare increases, drivers make more money per trip and, initially, more per hour-worked. Drivers … begin to work more hours. However, this increase in hours-worked--combined with a reduction in demand from a higher fare … market adjustment brings the hourly earnings rate back to about the rate that prevailed before the fare increase, in roughly …
Persistent link: https://www.econbiz.de/10014226179
Rules often are complex in order to distinguish different types of behavior that may have different consequences. Greater complexity thus allows better control of behavior. But individuals may need to incur costs ex ante to determine how more complex rules apply to their contemplated conduct....
Persistent link: https://www.econbiz.de/10012475023
This paper formulates a model of retirement behavior based on the solution to a stochastic dynamic programming problem. The workers objective is to maximize expected discounted utility over his remaining lifetime. At each time period the worker chooses how much to consume and whether to work...
Persistent link: https://www.econbiz.de/10012476597
The goal of this paper is to study the problem of optimal dynamic policy formulation with competing political parties. We study a general class of problems, in which the two competing political parties have quadratic intertemporal objective functions, and in which the economy has a linear...
Persistent link: https://www.econbiz.de/10012476856
We study the optimal pattern of outlays for a single firm pursuing an R&D program over time. In the deterministic case, (a) the amount of progress required to complete the project is known, and (b) the relationship between outlays and progress is known. In this case, it is optimal to increase...
Persistent link: https://www.econbiz.de/10012477422