Not only is a high proportion of traffic regulation detrimental to road safety, the economy, and the environment, but it also imposes huge costs on road-users, taxpayers, and communities. Traffic regulation is often introduced without analysing the full cost to road-users. From 2000 to 2014,...

I analyze how housing markets in Espoo and Helsinki anticipate the construction of a new light rail transit connection called Jokeri Light Rail. I use geocoded micro-level housing transaction data from 2003-2019. As an econometric identification strategy, I utilize difference-in-differences...

We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...

The Bureau of Infrastructure, Transport and Regional Economics estimates of the costs of road congestion in Australian capital cities ($9.4 billion in 2005 and projected to more than double by 2020) are widely cited. But these projections appear to overstate the problem and provide little, if...

People spend a lot of time commuting and often find it a burden. According to economics, the burden of commuting is chosen when compensated either on the labor or on the housing market so that individuals' utility is equalized. However, in a direct test of this strong notion of equilibrium, we...

We estimate to what extent bridges in Mozambique lead to transport cost reductions and attribute these reductions to key determinants, in particular road distance, road quality and crossing borders. For identification we exploit the introduction of a road bridge over the Zambezi river, in August...

Travel time savings are usually the most important utility component in transport infrastructure project evaluation. One of the controversial issues in research on the valuation of travel time savings is the assessment of small time savings. This article goes into this matter with specific focus...

Living downtown has advantages because it allows for a convenient access to a variety of shopping and leisure activities as well as disadvantages due to the difficulties in finding a parking spot when parking capacity is scarce. We formally model the trade-off in a vibrant city district between...

Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...

This discussion paper resulted in a publication in <I>Transportation Research Part B: Methodological</I> (2011). Vol. 45(10), pages 1545-1559.<P> This paper analyses the cost of access travel time variability for air travelers. Reliable access to airports is important since it is likely that the cost of...</p></i>