Showing 1 - 9 of 9
In this paper, we study how congestion and residential moving behaviour are interrelated, using a two-region job search model. Workers choose between interregional commuting and residential moving, in order to live closer to their place of work. This choice affects the external costs of...
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Urban areas are characterized by dispersed employment patterns and mixed land use. Lucas and Rossi‐Hansberg (LRH) [Econometrica 70 (2002), 1445–1476] develop a model where the urban spatial structure is determined by the external benefits of agglomeration and the commuting costs for workers....
Persistent link: https://www.econbiz.de/10011052364
This paper analyzes the possibilities to relieve traffic congestion using subsidies instead of Pigouvian taxes, as well as revenue-neutral combinations of rewards and taxes (‘feebates’). The model considers a Vickrey–ADL model of bottleneck congestion with endogenous scheduling. With...
Persistent link: https://www.econbiz.de/10010608494
We introduce a sorting model for firms where firm-specific profit coefficients can be identified given information on location choices of firms. It is shown that one may estimate such a model using a semiparametric Poisson approach. We apply this approach by examining the effects of...
Persistent link: https://www.econbiz.de/10010738126
We estimate welfare losses of policies that provide on-street parking permits to residents almost free of charge in Dutch shopping districts that are predominantly downtown. Our empirical results indicate that parking supply is far from perfectly price elastic, implying that there are...
Persistent link: https://www.econbiz.de/10011052386
Many cities apply planning policies to protect a valuable building stock. These policies may have adverse side-effects. We aim to estimate the costs of within-city regulatory restrictions for house owners. To avoid endogeneity issues with respect to supply restrictions, we employ a...
Persistent link: https://www.econbiz.de/10010574118
The application of hedonic price approaches to obtain estimates of the households' value of apartment characteristics is invalid for regulated housing markets such as public housing. We introduce and apply an alternative method that allows us to estimate the renters' marginal willingness to pay...
Persistent link: https://www.econbiz.de/10008872439