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The main purpose of this paper is to estimate and evaluate the social costs of highways in Japan. In general, with more people concerned about protecting the environment at both local and global levels, dependence on vehicular transportation in cities has brought about problems. Too much...
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as well as horizontal externalities are positive in isolation, and one would rather expect underprovision. Lastly, when …
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In this paper, commuting is introduced to a federal economy where benevolent lower-level (state) governments levy an ad valorem tax on labour income. This results in inefficiently low levels of taxation, even when households as a whole do not migrate. Indeed, rather than attracting more workers...
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In this paper, we undertake an in-depth inquiry into the nature of sharing externalities, and study how they affect the … market outcome. We show that the key thing for understanding sharing externalities is the interplay between two forces: the …
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