Showing 1 - 10 of 88
Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation literature. We propose a dynamic network formation model...
Persistent link: https://www.econbiz.de/10010325766
capital good, subject to congestion. We show how in the presence of congestion the effect of government investment on private … the degree of congestion. Both lump-sum and distortionary tax financing are considered, with this tradeoff being tightened …
Persistent link: https://www.econbiz.de/10010291758
significance of these responses to congestion externalities, and argue that they need to be taken into account in designing … internalization instruments. We consider labor-leisure, regional labor mobility and house price responses to congestion externalities …
Persistent link: https://www.econbiz.de/10010292015
In this paper, we present a model in which the performing arts are modelled as congestible public goods. In accordance with empirical evidence, the production of seat capacity is assumed to be subject to fixed costs. We estimate the parameters of the model's demand and cost functions using...
Persistent link: https://www.econbiz.de/10010296236
authority in terms of population is obtained where the increase in proprietary risks due to congestion meets the decrease in …
Persistent link: https://www.econbiz.de/10010296256
agglomeration and congestion. The main finding is that the negative effect of congestion on productivity is highly likely to …
Persistent link: https://www.econbiz.de/10010302744
agglomeration and congestion. The main finding is that the negative effect of congestion on productivity is highly likely to …
Persistent link: https://www.econbiz.de/10010304687
This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population … from the modern to the traditional sector and Engel’s law holds. In turn, urban congestion effects cause a productivity … allocation depends on the strength of urban congestion effects. …
Persistent link: https://www.econbiz.de/10010305947
congestion process in some countries. For checking it, we utilize a Barro and Sala i Martin endogenous growth model which … the speed of convergence but generates congestion in some countries. These spatial variables also affect the aggregate … supply, and hence the price and output levels. Key words: transportation, regional growth, convergence, congestion. JEL Class …
Persistent link: https://www.econbiz.de/10011318883
by use of a new economic geography model with multiple industries. The urban costs and congestion are explicitly included … in the model. We obtain the following results. First, if congestion does not exist, at most one industry disperses when … the dispersing industry agglomerate in one region. Second, in the case of strong congestion, plural industries might …
Persistent link: https://www.econbiz.de/10011318898