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and commuting costs because firms need to compensate the transportation cost difference between the employed and …
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The paper presents a polycentric general equilibrium model with congestion externalities and distortionary labor taxation calibrated to fit the key empirical regularities of the regional economy and transport system of Randstad conglomeration. In line with more stylized models, marginal external...
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show that strongly localized knowledge spillovers, skilled labor abundance, and low commuting costs are key drivers for a …
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prices. Using a panel of bilateral commuting flows, I estimate a quantitative spatial general equilibrium model to quantify … the welfare benefits of urban rail transit and distinguish the benefits of reduced commuting frictions from other channels …. The subway causes a 7%-13% increase in commuting between pairs of connected tracts; I select plausible control pairs using …
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