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German metropolitan area. In extension to most studies focusing on only one kind of subsidy, we compare the effects of … account. The results suggest that optimal subsidy levels are either small or even zero. While subsidizing public transport is … predominantly automobile. In contrast, pure commuting subsidies hardly affect aggregate urban welfare, but distributional effects …
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The core-periphery model by Krugman (1991) has two 'dramatic' implications: catastrophic agglomeration and locational hysteresis. We study this seminal model with CES instead of Cobb-Douglas upper tier preferences. This small generalization suffices to change these stark implications. For a wide...
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Regional labor markets are characterized by huge disparities of unemployment rates. Models of the New Economic Geography explain how disparities of regional goods markets endogenously arise but usually assume full employment. This paper discusses regional unemployment disparities by introducing...
Persistent link: https://www.econbiz.de/10008902897
Regional labor markets are characterized by huge disparities between unemployment rates. Models of the New Economic Geography explain how disparities between regional goods markets endogenously arise but usually assume full employment. This paper discusses regional unemployment disparities by...
Persistent link: https://www.econbiz.de/10009229101
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