Showing 1 - 10 of 123
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we test two implications of Neary’s (2003, 2007) general oligopolistic equilibrium (GOLE) model (incorporating strategic interaction between firms in a general equilibrium...
Persistent link: https://www.econbiz.de/10010325855
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions - M&As), we test two implications of Neary's (2003, 2007) general oligopolistic equilibrium (GOLE) model (incorporating strategic interaction between firms in a general equilibrium setting)....
Persistent link: https://www.econbiz.de/10014047869
taxation calibrated to fit the key empirical regularities of the regional economy and transport system of Randstad … is due to the large deviation of marginal external costs from the optimal toll levels, as the latter are found to be …
Persistent link: https://www.econbiz.de/10011403546
This paper studies urban sustainability from the perspective ofexternalities. We develop a general spatialequilibrium model of a monocentric city, in which two types ofexternalities occur. On the one hand, pollution inthe industrial centre leads to a spatially differentiateddeterioration of the...
Persistent link: https://www.econbiz.de/10010324394
via trade and transport, via mutual environmental spill-overs due to the externality that arises from production, and via … complications arising from emissions caused by the endogenous transport flows. …
Persistent link: https://www.econbiz.de/10010324515
This paper is concerned with the economics of urban externalities. We start by reviewing the literature on urban externalities, and observe that although many interesting contributions have been made, there seems to be sufficient scope and need for further research, both theoretically and...
Persistent link: https://www.econbiz.de/10010325060
Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment...
Persistent link: https://www.econbiz.de/10010325341
the first-best allocation. Rising incomes and falling transport costs enhance the surplus gain from ‘clustered … model for a mother city and a satellite. This satellite should be founded if the gain in surplus exceeds the fixed costs of …
Persistent link: https://www.econbiz.de/10010325645
Mixed commercial and residential land use is observed in most cities around the world. This is in contrast to a myriad of bid rent models, which predict that mixed land use does not occur. The main exception are the models by Fujita and Ogawa (1982) and Lucas and Rossi-Hansberg (2002) that...
Persistent link: https://www.econbiz.de/10010326339
tax does not reflect marginal external congestion costs, but rather functions as a Ramsey-Mirrlees tax, i.e. an efficiency … as labor tax cuts or public transport subsidies. Sensitivity analysis shows that the optimal type of revenue recycling … depends on the level of inefficiency in the provision of public transport prior to the introduction of congestion pricing. …
Persistent link: https://www.econbiz.de/10010326513