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This paper explores the interactions between congestion pricing and a tax-distorted labor market within a monocentric urban equilibrium model. We compute the efficiency gains of various second-best policies, i.e. combinations of toll schemes and revenue recycling programs, with a predetermined...
Persistent link: https://www.econbiz.de/10011256327
This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary, rigid regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is shown to retain its optimality under any setting with...
Persistent link: https://www.econbiz.de/10011257458
Even though a large share of the workforce belongs to two-earner households, job search models invariably ignore the interaction between the wage earners of the same household. In this article, job and residential search behaviour of two-earner households are simultaneously analysed. The main...
Persistent link: https://www.econbiz.de/10012787979
The decision to move job and the decision to move residence are closely related dynamic discrete choices, as both moves involve a change of commuting distance. This suggests that labour and residential mobility are mutually dependent and should be simultaneously analysed, based on a theory which...
Persistent link: https://www.econbiz.de/10012788624
Why has job growth over the past decades been weaker in the Dutch Randstad area than in surrounding regions? In a simultaneous equations analysis, we find that employment adjusts to the regional supply of labour. Net internal migration is predominantly determined by regional housing supply and...
Persistent link: https://www.econbiz.de/10012711254
According to welfare-maximising principles, the price of parking must vary per day given shifts in daily demand. We study the economic consequences of not doing so by estimating the employees’ parking demand at an organisation that varies the price of parking by day of the week. We estimate...
Persistent link: https://www.econbiz.de/10010931234
Mixed commercial and residential land use is observed in most cities around the world. Despite its ubiquity, urban economic theory is rather silent on the formation of mixed land use. In particular, standard bid rent models typically predict complete segregation of land use. The two main...
Persistent link: https://www.econbiz.de/10010931473
This paper applies a dynamic search model to estimate workers' marginal costs of commuting, including monetary and time costs. Using data on workers' job search activity as well as moving behaviour, for the Netherlands, we provide evidence that, on average, workers' marginal costs of one hour of...
Persistent link: https://www.econbiz.de/10005379114
This paper applies a dynamic search model to estimate workers' marginal costs of commuting, including monetary and time costs. Using data on workers' job search activity as well as moving behaviour, for the Netherlands, we provide evidence that, on average, workers’ marginal costs of one hour...
Persistent link: https://www.econbiz.de/10005260163
Persistent link: https://www.econbiz.de/10006606013