This paper examines the price-reversibility of fuel demand for road transport. The analysis is based on an econometric model which utilizes price-decomposition techniques to measure separately the effects of different types of price increases and decreases. The methods proposed allow empirical...

The 'backhaul problem' is characterized by an imbalance in transport flows between locations. In a perfectly competitive framework with perfect information, the price of transport from low demand locations to high demand locations, the so-called backhaul price, drops to zero when the imbalance...

We perform a welfare analysis of transport infrastructure improvements in the presence of an imperfect labor market, allowing for endogenous wages and involuntary unemployment. Efficiency wage setting is incorporated in a spatial two-region general equilibrium model, written as a welfare...