Berger, Julius; Marz, Waldemar - 2024
and households’ location choices. A stricter emission standard for cars decreases the marginal cost of driving and … congestion. The annual welfare cost for a 50 percent emission reduction goal in a setting calibrated with U.S. data turns out 8 … shift towards public transport and reduces the average commute, urban congestion and the welfare cost of emission reductions. …