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In this paper the problem of a city with access to two firms or facilities (shopping malls, airports, commercial districts) selling a differentiated product (shopping, flights) and/or offering a differentiated workplace is studied. Transport connections to one facility are congested. A model is...
Persistent link: https://www.econbiz.de/10008793454
We extend the monocentric model by considering a discrete number of accessible mass transit stations. Households combine two modes for their daily home-to-work trip: a first mode for terminal access to stations and a second (long haul) mode which consists in radial mass transit axes. The urban...
Persistent link: https://www.econbiz.de/10008793763
This paper studies how trip chaining (combining commuting and shopping or commuting and child care) affects market competition: in particular, pricing and the equilibrium number of firms as well as welfare. We use a monopolistic competition framework, where firms sell differentiated products as...
Persistent link: https://www.econbiz.de/10008794252