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The paper presents a polycentric general equilibrium model with congestion externalities and distortionary labor taxation calibrated to fit the key empirical regularities of the regional economy and transport system of Randstad conglomeration. In line with more stylized models, marginal external...
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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...
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only reduce their commuting costs by reducing total labour supply. However, a labour supply model which also allows for … optimally chosen daily hours implies that commuting costs increase daily hours, whereas the effect on total labour supply is … commuting distance using the socio-economic panel data for Germany between 1997 and 2007. Endogeneity of commuting distance is …
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