This chapter describes how transportation demand is analyzed and what has been learned from doing so. We first present a selection of the most important transportation demand models, with an emphasis on disaggregate models because they have generally been the most successful in capturing...

The prevailing paradigm of medieval industry rests on the belief that guilds monopolized markets for manufactures. The type of market power possessed by guild which manufactured durable goods is, however, unclear. Scholars have shown manufacturing guilds did not possess natural monopolies.

In this paper, I explore the ability-earnings relationships semiparametrically. I find evidence of nonlinearities in these relationships which vary across levels of schooling, and argue that ability-sorting into higher education creates problems for accurately identifing the return to schooling...

A Manager of other leader can more effectively obtain rents or other benefits for his organization the higher the quality of his staff. But these same staff may seek rents within the firm, with the most able staff best able to do so. A Manager may therefore prefer to employ staff of low quality.

This paper examines the possibility of overaccumulation of capital in an overlapping generations economy with land. With zero population growth rate, the steady state equilibrium is dynamically efficient. Imposition of property tax on land, however, distorts the arbitrage condition and can...

Urban transportation involves imprtant nonlinearities in two ways: in its purpose and in its form of provision. Under such conditions, there is ample room for market failures and it is not surpising that public intervention plays a heavy role. But public policy failures are common too, and many...

The hypothesis that employers have an interest in the hours worked by their employees suggests that hours and wages are systematically related. Since employer interest may constrain employee hours of work, individuals realize their preferences for hours through their choices of jobs. An...