Regional labor markets, commuting, and the economic impact of road pricing
| Autor: | Thomas F. Rutherford, Toon Vandyck |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
050210 logistics & transportation
Economics and Econometrics General equilibrium theory biology media_common.quotation_subject 05 social sciences Redistribution (cultural anthropology) Congestion pricing Urban Studies Microeconomics Toll 0502 economics and business Unemployment Economics biology.protein Road pricing Economic impact analysis 050207 economics Externality media_common |
| Zdroj: | Regional Science and Urban Economics. 73:217-236 |
| ISSN: | 0166-0462 |
| DOI: | 10.1016/j.regsciurbeco.2018.07.005 |
| Popis: | Cities provide the benefits that come with economic density but often face congested traffic and high unemployment. In this paper, we study economy-wide and distributional implications of congestion pricing in the presence of agglomeration externalities and unemployment. We develop a spatial general equilibrium model to show that indirect effects of time-invariant congestion tolls can lead to welfare losses for low-skilled urban residents by changing commuting patterns of high-skilled workers. Next, we reveal a set of policy designs that improve welfare across space and worker skill levels by combining time-sensitive road pricing, transport network capacity expansions, and toll revenue redistribution. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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