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paper documents that highway widenings considerably reduce congestion in the short run, defined here as 6 years. Using … despite strong increases in traffic flow. The welfare benefits in the short run already cover 40% of the widenings' investment … costs. Our paper contributes to an explanation why countries invest in roadworks even when the fundamental law of congestion …
Persistent link: https://www.econbiz.de/10012817015
Transportation economists apply different labor supply models when studying anti-congestion policy: (i) endogenous … outcome of anti-congestion policies that change the relative cost of labor supply margins, and, thus, may affect decisions on … presence of other taxes when there is a congestion externality. We find surprisingly strong differences in quantity and sign …
Persistent link: https://www.econbiz.de/10011922149
Success in international trade depends, amongst other things, on distance from markets. Most new economic geography models focus on the distance between countries. In contrast much less theorizing and empirical analysis have focused on how distances within a country for instance due to the...
Persistent link: https://www.econbiz.de/10003725591
This paper estimates Nash-type fiscal reaction functions for European governments competing for revenue from diesel excises. It appears that European governments strategically set their excise levels by responding to their neighbors’ tax rates. This provides evidence for the presence of tax...
Persistent link: https://www.econbiz.de/10011335209
This paper provides some elements to explain the observed takeover in some urban areas of a new kind of elite associated with new economy jobs, also known as "bourgeois bohème" (bobos). This takeover has been associated with greater investment in urban amenities and "clean" means of transport,...
Persistent link: https://www.econbiz.de/10011348302
In this study we have analysed policy interactions between an urban and a regional government which have different objectives (welfare of its own citizens) and two policy instruments (toll and capacity) available. Using a simulation model, we investigated the welfare consequences of the various...
Persistent link: https://www.econbiz.de/10011349179
urbanization is higher around train stations, but the effect of railway travel on road congestion is small. By contrast, if train … stations are omnipresent there is little effect on urban spatial structure, but a considerable decrease in congestion. With … regard to the supply of train stations, these findings suggest that there is an important policy trade-off between congestion …
Persistent link: https://www.econbiz.de/10010348424
This paper presents the new dynamic spatial general equilibrium (DSGE) model – RHOMOLO, which is built to support the EU policy design by undertaking holistic, micro-founded and disaggregated policy impact assessment. The RHOMOLO model is based on the theories of general equilibrium,...
Persistent link: https://www.econbiz.de/10011524125
congestion tolls. Based on these findings it becomes clear which labor supply approach is the most appropriate given specific …
Persistent link: https://www.econbiz.de/10011483152
Regular and irregular travel patterns coincide with different underlying purposes of travel and days of the week. Within this paper, it is shown that the balance between subsistence (i.e. work) and discretionary (i.e. leisure) activities is related to differences in travel patterns and explains...
Persistent link: https://www.econbiz.de/10011504377