Showing 1 - 10 of 110
In this paper, we derive a structural model for commuting speed. We presumethat commuting speed is chosen to minimise … commuting costs, which encompass bothmonetary and time costs. At faster speed levels, the monetary costs increase, but the … timecosts fall. Using data from Great Britain, we demonstrate that the income elasticity ofcommuting speed is 0.126. The ratio …
Persistent link: https://www.econbiz.de/10011338008
In this paper, we derive a structural model for commuting speed. We presumethat commuting speed is chosen to minimise … commuting costs, which encompass bothmonetary and time costs. At faster speed levels, the monetary costs increase, but the … timecosts fall. Using data from Great Britain, we demonstrate that the income elasticity ofcommuting speed is 0.126. The ratio …
Persistent link: https://www.econbiz.de/10010325545
In this paper, we propose a new spatial framework to model excess commuting of workers and we show empirical … their commuting time, employees do not minimize their commuting time because they lack full information, and thus the … difference between the time devoted to commuting by self-employed workers and employees is modeled as wasteful commuting (i …
Persistent link: https://www.econbiz.de/10013013576
reduce the speed of contagion, less attention has been paid to the spatial configuration of such contacts. With respect to … activities also exhibits dense networks of commuting flows. In this article, we empirically investigate the relationship between … the spatial extent of local labour markets, as defined by the structure of the commuting network, and the diffusion of …
Persistent link: https://www.econbiz.de/10012403902
transport of the high-speed railway (the Shinkansen logistics), as well as the population decline and aging society in Japan and …
Persistent link: https://www.econbiz.de/10012008574
In this paper, we analyze the effect of light conditions on road accidents and estimate the long run consequences of different time regimes for road safety. Identification is based on variation in light conditions induced by differences in sunrise and sunset times across space and time. We find...
Persistent link: https://www.econbiz.de/10011919678
The theory of road pricing developed for single links suggests time andlocation varying charges equal to the marginal congestion cost at the efficientlevel of traffic. The second-best network counterpart is derived, but would beinfeasible to implement. Cordon tolls are feasible, and their...
Persistent link: https://www.econbiz.de/10011400380
Terrorism has become a primary concern for city dwellers around the world. This paper uses the 2005 attacks on the London Tube to provide causal evidence of the negative impact of terrorism on the value of proximity to public transportation. These attacks brought major transit stations into the...
Persistent link: https://www.econbiz.de/10012917005
Understanding the sensitivity of gasoline demand to changes in prices and income has important implications for policies related to climate change, optimal taxation and national security, to name only a few. While the short-run price and income elasticities of gasoline demand in the United...
Persistent link: https://www.econbiz.de/10012732898
Can industrial policy be effective when dealing with a revolutionary new technology? Mark Casson's recent book, "The World's First Railway System," offers the intriguing claim that a slight dose of central planning by the British government in the 1840s would have produced a dramatically more...
Persistent link: https://www.econbiz.de/10013006182