In Europe, company cars are offered by employers as fringe benefits to their employees at a lower price than employees pay in the car market, mainly due to favourable taxation of company cars. We analyse the welfare effects of favourable taxation of company cars for the Netherlands. The...

Road funds like the Motor Vehicle User's Charge (MVUC) Fund in the Philippines are a kind of earmarked funds. Though without shortcomings, earmarking funds through the MVUC continues to be relevant as it is able to ensure a stable flow of resources for public road expenditures. The study...