This study examines impacts on net social benefits or economic welfare of alternative policy instruments for reducing traffic congestion and atmospheric emissions in S??o Paulo, Brazil. The study shows that expanding road networks, subsidizing public transit, and improving automobile fuel...

We consider a monocentric city where a traffic bottleneck is located at the entrance of the central business district. The commuters' choices of the departure times from home, residential location, and lot size, are all endogenous. We show that elimination of queuing time under optimal road...

This paper analyzes a unique dataset of art auctions on eBay. We study the behavior of buyers and sellers, demand and supply, by means of a novel structural estimation approach. Our empirical framework considers the process of arrival of new bidders as well as the distribution of bidder...

In the wake of the industrial revolutions in the 18th Century, the new organized workplace which is quite a contrast of the traditional agrarian settings emerged with various challenges. These challenges bothered so much on two distinct areas, managing the heterogeneous persons at work and the...

Urbanization is influencing development of any nation adversely. Rapid Urbanization especially in India is leading to severe problems such as urban poverty, environmental degradation, traffic congestion, etc. A sustainable approach to reduce these problems as well as ensure proper growth of the...

The core function of a search engine is to make content and sources of information easily accessible (although the search results themselves may actually include parts of the underlying information). In an environment with unlimited amounts of information available on open platforms such as the...

While much legal research has examined the problem of court delays and backlogs, the link between the prosecutor' s incentives to press charges and their subsequent effect on the congestion in the criminal justice system has remained largely overlooked. To understand the implications of such...

In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full optimum. This is also the case in Vickrey's (1969) 'bottleneck model'. To date, the closest approximations of this ideal in practice have so-called 'step tolls,' in which the toll...

In this article we discuss the dynamics of organizational change when agents have heterogeneous initial conjectures and do learn. In this framework, conjectural equilibrium is defined as a steady state of the learning process, and all the adjustment occurs in disequilibrium. We discuss the...

This paper reviews the literature on the fiscal policy instruments commonly used to reduce transport sector externalities. The findings show that congestion charges would reduce vehicle traffic by 9 to 12 percent and significantly improve environmental quality. The vehicle tax literature...