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We relax the assumption of constancy of the marginal utility of income into a structural model of urban transportation with endogenous congestion. We examine the impact of unobserved heterogeneity in Marginal Utility (MU) of income on the determinants of travel by estimating the model using...
Persistent link: https://www.econbiz.de/10005094805
Between the latter nineteenth century and the 1930s there was a dramatic revolution in American families. Family size continued its long-term decline, the schooling of older children expanded and the proportion of married females' adulthood devoted to market-oriented activities increased. Over...
Persistent link: https://www.econbiz.de/10008552100
In order to treat a natural schedule matching problem related with worker-firm matchings, we generalize some theorems of Baiou--Balinski and Alkan--Gale by applying a fixed point method of Fleiner.
Persistent link: https://www.econbiz.de/10008552108
We study the effects of a statutory wage tax sharing rule in a principal - agent framework with moral hazard (à la Holmstrom, 1979) using the approach of Bose, Pal, Sappington (2007) to model the stochastic relationship between the agent’s unobserved effort and his observed performance. The...
Persistent link: https://www.econbiz.de/10008566232
We design and estimate a game theoretic congestion pricing mechanism in which the regulator aims at reducing traffic congestion by discriminating travelers according to their willingness to travel on the network. He knows that travelers learn about their environment, that their preferences are...
Persistent link: https://www.econbiz.de/10008566234