This paper presents a choice experiment, which values reductions in mortality risk on Alpine roads. These roads are on one hand threatened by common road hazards, on the other hand they are also endangered by natural hazards such as avalanches and rockfalls. Drawing on choice data from...

In economics, the regional densification of economic activity is referred to as agglomeration. The effects of agglomeration are often referred to when discussing the wider economic benefits of transportation infrastructure projects. The magnitude of these effects has not been extensively studied...

The Central Asia Regional Economic Cooperation (CAREC) region has historically been an important route for global trade - connecting Asia to Europe (and vice versa) and beyond through the ancient Silk Road before the evolution of maritime trade and commerce in the 1500s. The Asian Development...

Improving public transport infrastructure changes local market conditions. In this paper, I examine the impact of the construction and operation of "Metrobus", Mexico City's Bus Rapid Transit (BRT) system on consumer prices in chain stores, street vendors, and small family-owned (mom and pop)...

This paper estimates the effects of a subway expansion on labor market outcomes in Santiago, Chile. First, we estimate these effects through a reduced-form analysis. We find changes in work locations and wages consistent with a reduction in firms' labor market power in areas where the subway...

This paper explores how the interaction between human-driven vehicles (HVs) cruising for parking and autonomous vehicles (AVs) traveling back and forth affects travel behavior and congestion. To capture the spatial distribution of parking, we develop a continuous spatial optimization model, with...

We study the interaction between transit improvements and land use policies in the context of Bengaluru, one of India's largest cities. The city inaugurated a metro system in 2011. Yet it has low building heights even near metro stations, reflecting low floor-area ratio limits. We construct a...

Roads are vital to support the transportation of people, goods, and services, among others. To yield their optimal socioeconomic impact, proper maintenance of existing roads is required; however, this is typically underfunded. Since detecting road quality is both labor and capital intensive,...

The present study aims to analyze the Brazilian and international experience in introducing mechanisms for sharing demand risks in road infrastructure concession contracts to increase the safety and attractiveness of projects for private investments. The model adopted by Chile is discussed in...

The distribution of transport infrastructure across space is the outcome of deliberate government planning that reflects a desire to unlock the welfare gains from regional economic integration. Yet, despite being one of the oldest government activities, the economic forces shaping the endogenous...