This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary, rigid regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is shown to retain its optimality under any setting with...

According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low levels of taxation may be potentially justified to deal with the presence of externalities and economic stability. This is in contrast to practise in most countries where...

In this paper we analyse the commuting distribution from a job search perspective.We have examined under which conditions the commuting distribution is unimodal which isone of the stylised facts of commuting. It appears that a necessary condition is that space istwo-dimensional. Furthermore, one...