-
The impact of Airport business practices and governance forms on excess capacity Econ. Transp. (IF 2.829) Pub Date : 2024-03-14 Fecri Karanki, Volodymyr Bilotkach
Excess capacity poses a persistent challenge for airports as they often encounter lumpy capacity problems. The excess capacity is primarily influenced by factors such as uncertain demand, airline competition, airport pricing strategies, and the market structure of the airport industry. However, airport business practices also account for this issue. Using data from 59 U.S. airports between 2009 and
-
The innovation effects of transportation infrastructure: Evidence from highways in China Econ. Transp. (IF 2.829) Pub Date : 2024-03-10 Ning Mao, Weizeng Sun, Liuqin Zhang
Whether the improvement of transportation infrastructure could enhance the innovation output of firms has attracted attention worldwide. However, evidence from the micro firm level, especially in developing countries, are still scarce. This paper takes the construction of highways in China as a quasi-natural experiment and demonstrate that transportation infrastructure significantly facilitates the
-
The impact of regulatory level of the aggregation platforms on the ride-sourcing market with heterogeneous travelers Econ. Transp. (IF 2.829) Pub Date : 2024-02-17 Gege Jiang, Xin Zhang, Manzi Li, Chuanyao Li
In recent years, aggregation platforms in the ride-sourcing (RS) market, such as Gaode, Meituan, and Baidu, have integrated the RS services offered by multiple independent RS companies. The emergence of aggregation platforms can alleviate the problem of market fragmentation. However, the poor regulatory level of the aggregation platform poses numerous issues, such as low vehicle and driver compliance
-
The economics of regional railway regulation under vertical separation Econ. Transp. (IF 2.829) Pub Date : 2024-01-31 Antonio Scialà, Francesca Stroffolini
We provide a model of local railway passengers service able to account for the main specific characteristics of the sector under vertical separation. Afterwards, we use this model to carry out both a normative analysis of the operators’ investment decisions and an assessment of the welfare effects of simple regulatory instruments. We show that, because of the information asymmetry of train operating
-
The effect of front-end vehicle height on pedestrian death risk Econ. Transp. (IF 2.829) Pub Date : 2024-01-19 J, u, s, t, i, n, , T, y, n, d, a, l, l
Pedestrian deaths in the US have risen in recent years. Concurrently, US vehicles have increased in size, which may pose a safety risk for pedestrians. In particular, the increased height of vehicle front-ends may present a danger for pedestrians in a crash, as the point of vehicle contact is more likely to occur at the pedestrian’s chest or head. I merge US crash data with a public data set on vehicle
-
-
Liberalizing passenger rail: The effect of competition on local unemployment Econ. Transp. (IF 2.829) Pub Date : 2023-11-16 Ondřej Badura, Aleš Melecký, Martin Melecký
Competitive passenger rail can help people access new or better jobs or bring new business opportunities. This paper studies the wider economic impacts on local unemployment of the liberalized passenger rail between Ostrava, the third-biggest city in the Czech Republic, and Prague, its capital. The local impacts are estimated at the LAU 1 level (administrative districts) using the event study and
-
When do traffic reports make traffic better? Econ. Transp. (IF 2.829) Pub Date : 2023-09-30 Jim Wiseman, Thomas Wiseman
We present a simple dynamic traffic model to study whether public information about road conditions increases or decreases travel times. We find that the effect depends on comparing (1) the increase in travel time when a road with a pre-existing delay becomes congested, and (2) the corresponding increase on a road with no pre-existing delay. Traffic reports are helpful when the first value is large
-
-
Revisiting the Pigouvian tax in urban roads: Housing supply restrictions, leaking profits and spatial inequality Econ. Transp. (IF 2.829) Pub Date : 2023-09-05 Ioannis Tikoudis
I examine road taxes in a polycentric city where congestion coexists with housing supply restrictions. Despite the quantity distortion that housing supply constraints cause, I show that the socially optimal tax for using a road is still its marginal external cost. However, the artificial housing scarcity generates potential profits, which are either accrued by the construction sector or absorbed by
-
Post privatization of high-speed rail with corporate social responsibility (CSR) in an international transportation market: Mandatory CSR versus voluntary CSR Econ. Transp. (IF 2.829) Pub Date : 2023-08-22 Lili Xu, Qinghong Zhao, Yuyan Chen, Sang-Ho Lee
This study considers an international transportation market wherein a high-speed rail (HSR) firm engaging in corporate social responsibility (CSR) competes with both domestic and foreign airlines with differentiated services. We investigate and compare two CSR types, mandatory CSR, imposed by the government, and voluntary CSR, chosen by the HSR operator, and show that mandatory CSR can be lower or
-
-
Economies and diseconomies of scale in on-demand ridepooling systems Econ. Transp. (IF 2.829) Pub Date : 2023-05-13 Andrés Fielbaum, Alejandro Tirachini, Javier Alonso-Mora
We analyse the sources of economies and diseconomies of scale in On-Demand Ridepooling (ODRP), disentangling three effects: when demand grows, average costs are reduced due to i) a larger fleet that diminishes waiting and walking times (Mohring Effect), and ii) matching users with more similar routes (Better-matching Effect). A counter-balance force (Extra-detour Effect), occurs when iii) the number
-
Subsidised transport services in a fiscal federation: Why local governments may be against decentralised service provision Econ. Transp. (IF 2.829) Pub Date : 2023-03-29 Daniel Hörcher, Bruno De Borger, Daniel J. Graham
In this paper we consider a fiscal federation and study the effects of decentralised provision of loss-generating public services with benefit spillovers to other regions. We use public transport provision across administrative borders as a prototype example. We show in a formal model that local governments might be better off when a higher-level government or a neighbouring region provides these services
-
Do increased speeding fines save lives? Econ. Transp. (IF 2.829) Pub Date : 2023-03-23 Jane M. Fry
On 24 April 2017, fines for the most serious speeding offences increased from 100% to 150% of relevant weekly income in England and Wales. In this paper we establish whether this policy saved lives. Using data on all road accidents reported to police we evaluate the effects of this increased financial penalty using a two-year bandwidth and applying Regression Discontinuity in Time and Difference-in-Difference
-
The local impacts of building a large motorway network: Urban growth, suburbanisation, and agglomeration Econ. Transp. (IF 2.829) Pub Date : 2023-03-10 Bruno T. Rocha, Patrícia C. Melo, Nuno Afonso, João Abreu e Silva
Portugal moved from having less than 200 km of motorways in the early 1980s to having the fourth highest motorway density relative to population in the European Union in 2019. This paper studies the relationship between the development of the Portuguese motorway network between 1981 and 2011 and the growth of population and employment at the local level. We address the endogeneity of the geography
-
-
How should ports share risk of natural and climate change disasters? Analytical modelling and implications for adaptation investments Econ. Transp. (IF 2.829) Pub Date : 2023-02-28 Ryo Itoh, Anming Zhang
This study theoretically examines disaster adaptation investments under risk of natural disasters. Given two neighboring, competitive ports, the disasters may cause independent damages to either port, or to both ports simultaneously; consequently, some shippers avoid loss by using the unaffected port if an independent disaster occurs in their local port. Since such inter-port risk sharing benefit increases
-
Pricing shared vehicles Econ. Transp. (IF 2.829) Pub Date : 2023-02-06 Roman Zakharenko
This paper analyzes profit-maximizing pricing in a model of shared vehicle (SV) market, with particular emphasis on spatial inequality of demand. I show that the best policy assigns a score to every location, and rewards (penalizes) customers for relocating the vehicle to a place with higher (lower) score. Such spatially explicit pricing enables providers to expand the vehicle dropoff “home” area into
-
Single-till regulation, dual-till regulation, and regulatory capture: When does a regulatory authority favor single-till regulation over dual-till regulation? Econ. Transp. (IF 2.829) Pub Date : 2023-02-06 Yukihiro Kidokoro, Anming Zhang
This paper analyzes single-till regulation and dual-till regulation of a monopoly infrastructure, and clarifies conditions under which different stakeholders prefer one regulation type to the other. When a regulator maximizes the utility of consumers, the profit of service providers, or the weighted sum of both, it prefers single-till regulation when there is a positive profit from the non-core good
-
Airport concession revenue sharing and entry deterrence Econ. Transp. (IF 2.829) Pub Date : 2023-01-05 Yushi Tsunoda
This paper investigates how concession revenue sharing between an airport and an incumbent airline affects the strategic flight frequency choice of that airline for entry deterrence and thus, profits and welfare. Specifically, we construct a model in which the incumbent airline confronts the entry threat of an entrant airline and strategically decides whether to deter or accommodate the entrant airline
-
-
Urban commuting time and sick-leave medical license use: An empirical study of Santiago, Chile Econ. Transp. (IF 2.829) Pub Date : 2022-11-25 Andrés Gómez-Lobo, Alejandro Micco
We use a large dataset from the Chilean unemployment insurance program covering 20% of all formal sector workers to study the impact of commuting time on the likelihood of sick-leave in Santiago, Chile. Our empirical results indicate that longer commuting times are associated with an increase in the probability of sick-leave work absence. A 20% decrease in commuting times would generate close to 36
-
What role for electric vehicles in the decarbonization of the car transport sector in Europe? Econ. Transp. (IF 2.829) Pub Date : 2022-11-11 Christina Littlejohn, Stef Proost
The transport sector is the only sector where carbon emissions continue to grow. This has led policy makers to propose ambitious policies to reduce emissions in the car sector, in particular carbon emissions standards, portfolio mandates for Electric Vehicles and purchase taxes or subsidies. We use a stylized two-period model for the car manufacturing sector to compare the cost efficiency of these
-
An analysis of labor regulations for transportation network companies Econ. Transp. (IF 2.829) Pub Date : 2022-11-05 Akhil Shetty, Sen Li, Hamidreza Tavafoghi, Junjie Qin, Kameshwar Poolla, Pravin Varaiya
There is a growing movement worldwide to regulate transportation network companies (TNCs) such as Uber and Lyft. This is driven by concerns over low driver wages. Two recent labor regulations that were passed in California are Assembly Bill 5 (AB5) and Proposition 22 (Prop 22). AB5 classifies drivers (and other gig-economy workers) as employees as opposed to contractors. The implication is that ride-hailing
-
I would if I could: Passing through VAT reductions in the german rail industry Econ. Transp. (IF 2.829) Pub Date : 2022-10-28 Gernot Sieg, Jan Wessel
Germany’s state-owned train operator Deutsche Bahn made a credible pledge to completely pass through a VAT reduction to passengers. Using a price observation dataset, we find that pass-through rates for fixed-price tickets are indeed 100%, whereas pass-through rates for tickets with revenue-management-based prices can differ significantly from 100%. They vary over purchase-timing periods, departure
-
An integral interval timetable for long-distance passenger rail services: Time to reconsider targeting on-track competition Econ. Transp. (IF 2.829) Pub Date : 2022-10-18 Christina Brand, Gernot Sieg
In the course of introducing an integral interval timetable (IIT), it is possible to induce on-track competition. Regarding punctuality as an essential prerequisite for an IIT, we would not recommend doing so. Regarding overall welfare, the situation is less clear. We model both a route duopoly and a monopoly, and find that in the latter, trains are more punctual and fares are higher. This is because
-
-
Optimal pricing and design of station-based bike-sharing systems: A microeconomic model Econ. Transp. (IF 2.829) Pub Date : 2022-08-11 Sergio Jara-Díaz, André Latournerie, Alejandro Tirachini, Félix Quitral
Carefully collected data of nine station-based Bike Sharing Systems (BSS) observed during several years, feed the theoretical formulation of three (aggregated) strategic models representing BSS operation from which the optimal design and pricing is derived. The models include both the operator's costs (investment and operation) and users' costs (time to walk to-from a station, waiting at a station
-
The effect of vertical product differentiation on fare and market share: Evidence from Delta Air Lines’ middle seat policy Econ. Transp. (IF 2.829) Pub Date : 2022-08-09 Max J. Hyman, Ian Savage
Delta Air Lines engaged in vertical product differentiation during the COVID-19 pandemic. To ensure that passengers did not sit next to a stranger, Delta did not sell the middle seat on its flights that had them. Its principal rivals, American Airlines and United Airlines, sold all seats. Analysis of the non-stop routes on which Delta faced head-to-head competition with American or United reveals that
-
Pricing regime choices for international airports: A rationale for the non-discrimination principle Econ. Transp. (IF 2.829) Pub Date : 2022-07-11 Ming Hsin Lin
This study investigates whether airports should be prohibited from charging differential charges to airlines. Two countries’ (publicly owned) airports and airlines interlink, and passengers travel round-trips. Each country may choose pricing regimes (uniform versus discriminatory charges) and charge levels, sequentially or simultaneously, to maximize local welfare. Surprisingly, we find that each country
-
Persistence and dynamics in the efficiency of toll motorways: The Spanish case Econ. Transp. (IF 2.829) Pub Date : 2022-07-09 José F. Baños-Pino, David Boto-García, Emma Zapico
This study performs an empirical analysis of the productive efficiency of toll motorway concessionaire companies in Spain. We estimate a dynamic stochastic frontier model using an input-oriented distance function for 30 concessionaires during the 2003–2015 period. Considering a multi-output production technology with light and heavy vehicles, we estimate an autoregressive dynamic specification under
-
Exploring the nonlinear impact of air pollution on housing prices: A machine learning approach Econ. Transp. (IF 2.829) Pub Date : 2022-07-05 Guojian Zou, Ziliang Lai, Ye Li, Xinghua Liu, Wenxiang Li
Air pollution has profoundly impacted residents’ lifestyles as well as their willingness to pay for real estate. Exploring the relationship between air pollution and housing prices has become increasingly prominent. Current research on housing prices mainly uses the hedonic pricing model and the spatial econometric model, which are both linear methods. However, it is difficult to use these methods
-
-
Assessing consumer valuations of future costs versus purchase prices in Japan's auto market Econ. Transp. (IF 2.829) Pub Date : 2022-03-22 Kiyoshi Arakawa
To tax vehicles such that market distortions are minimized and environmental goals are promoted, policymakers must determine whether consumers correctly assess automobile prices versus future costs of ownership. Drawing from data spanning 2006 to 2015 for Japan's new car market, we apply the aggregate random coefficients logit model to estimate consumer demand with rich substitution patterns. We find
-
The spatial effects of entry on airfares in the U.S. airline industry Econ. Transp. (IF 2.829) Pub Date : 2022-03-21 Brad Shrago
I analyze the spatial relationship between entry and airfares in the U.S. airline industry. I define the spatial relationship between adjacent airports based on catchment overlap, and evaluate the spatial impact of entry on fares. Using a fixed-effects estimator, I find that the impact of LCC entry on prices is not only larger than that of Legacy entry, but also influences prices at more distant airports
-
Public transport frequency and risk-taking behavior Econ. Transp. (IF 2.829) Pub Date : 2022-03-13 Harald Høyem
When travellers connect to a transit service from a different mode, they must arrive at the connection in a timely manner. If there is uncertainty about the required time to meet the connection, some users might engage in risky behavior by, e.g., increasing their traveling speed. We examine whether the frequency level at a transfer connection may influence the incentive to engage in such risky behavior
-
Spillover delay effects of damaging wildlife strike events at U.S. airports Econ. Transp. (IF 2.829) Pub Date : 2022-03-08 Levi Altringer, Sammy Zahran, Stephanie A. Shwiff, Michael J. Begier, Aaron Anderson
In this paper, we investigate the spillover departure delay effects of damaging wildlife strike events that occur to commercial passenger airlines on flights scheduled to depart in the 24 h following a damaging wildlife strike event. Employing multiple empirical approaches, and investigating various differential effects, we identify significant excess departure delays in the 24-hour post-strike period
-
Airport pricing versus (grandfathered) slots: A generalization Econ. Transp. (IF 2.829) Pub Date : 2022-01-21 Hao Lang, Achim I. Czerny
Many passengers can choose among various destinations for their flight trips (for instance, a leisure trip from Asia to Europe or the US). This study tests the sensitivity of the outcomes of equilibrium congestion policies with respect to changes in airport network and demand structures. A major feature is to incorporate substitute destination choices for origin–destination passengers into the analysis
-
A freeway to prosperity? Evidence from Calabria, South of Italy Econ. Transp. (IF 2.829) Pub Date : 2022-01-18 Emanuele Ciani, Guido de Blasio, Samuele Poy
This paper investigates the impact of the freeway “Salerno-Reggio Calabria” on long-term local economic development. Built between 1962 and 1974, the freeway connected the southernmost region of the Italian peninsula (Calabria) to the national highway network. According to the original plan, the freeway could have been built along three different routes. The final choice was mostly influenced by powerful
-
Platform competition and consumer foresight: The case of airports Econ. Transp. (IF 2.829) Pub Date : 2022-01-05 Giuseppe D’Amico
This paper studies the effect of competition and consumer foresight on platform profits. The focus is on airports, which provide passengers with aeronautical and commercial services through airlines and retailers. Our results can be summarized as follows. First, we unravel the relationship between consumer foresight and the optimal pricing of the two services. When passengers are myopic, they undervalue
-
Research on travelers’ transportation mode choice between carsharing and private cars based on the logit dynamic evolutionary game model Econ. Transp. (IF 2.829) Pub Date : 2021-12-10 Yu Zhang, Leiming Li
The rapid increase in private cars has exacerbated urban traffic and environmental problems. As an alternative to private cars, carsharing is more economical and environmentally friendly than private cars and is becoming internationally recognized as sustainable transportation. However, the benefits of carsharing in alleviating traffic and environmental problems would only be significant when many
-
Modeling ceiling price for build-operate-transfer road projects in developing countries Econ. Transp. (IF 2.829) Pub Date : 2021-10-23 Nguyen Hoang-Tung, Do Viet Hung, Hironori Kato, Phan Le Binh
This study examines a ceiling price for build-operate-transfer (BOT) road projects in the context of developing countries. Although ceiling price is one of the most significant elements in BOT policy given that it has a focal-point effect, it has been rarely examined in prior studies. Subsequently, the study formulates a model of ceiling price under the framework of simple two-route network by integrating
-
Impacts of trade facilitation on modal choice and international trade flows Econ. Transp. (IF 2.829) Pub Date : 2021-10-23 Misak Avetisyan, Thomas Hertel
Over the last decade, the use of air transport to facilitate global merchandise trade has grown significantly, driven by the increasing demand for ‘just in time’ delivery of intermediate goods as well as due to the growing importance of trade between more distant countries. In this paper we analyze the effect of improved global logistics and trade facilitation on transport mode choice in international
-
A model for estimation of the demand for on-street parking Econ. Transp. (IF 2.829) Pub Date : 2021-09-29 Albert Gragera, Jesper Hybel, Edith Madsen, Ismir Mulalic
This paper presents a stylised econometric model for the demand for on-street parking with focus on the estimation of the elasticity of demand concerning the full cost of parking. The full cost of parking consists of a parking fee and the cost of searching for a vacant parking space (cruising). The cost of cruising is usually unobserved. Ignoring this issue implies a downward bias of the elasticity
-
An auction mechanism for platoon leader determination in single-brand cooperative vehicle platooning Econ. Transp. (IF 2.829) Pub Date : 2021-09-27 Xiaotong Sun, Yafeng Yin
Cooperative vehicle platooning enabled by connected automated vehicle (CAV) technology has been identified to bring energy savings and driving-effort reduction. However, the intrinsic difference of gained benefits between the leading vehicle and the following vehicles hampers the spontaneous platooning via peer-to-peer coordination. This study proposes an auction mechanism that determines the leader–follower
-
The effects of concession revenue sharing contracts in airport competition Econ. Transp. (IF 2.829) Pub Date : 2021-09-25 A. Nerja, M. Sánchez
This paper studies the effects of concession revenue sharing contracts to analyze how airport–airline vertical structures compete for passengers in the same catchment area. The analysis studies the effects of such contracts depending on airport ownership structure. We show that private airports tend to share less concession revenues than public ones eventually leading to lower welfare levels. These
-
Public transport and urban structure Econ. Transp. (IF 2.829) Pub Date : 2021-09-23 Leonardo J. Basso, Matias Navarro, Hugo E. Silva
Public transport is central to commuting in most cities. This paper studies the role of public transportation in shaping the urban structure. Its main contribution is to propose a tractable model as a tool to study urban regulations and transport policies in the long-run. Using the classic monocentric city framework, we model public transport as a mode that can only be accessed by walking to a set
-
Pollution and congestion in urban areas: The effects of low emission zones Econ. Transp. (IF 2.829) Pub Date : 2021-08-20 Valeria Bernardo, Xavier Fageda, Ricardo Flores-Fillol
The great weight that the car has as a means of mobility in large cities generates significant negative externalities both in terms of pollution and congestion. The goal of this paper is to examine the effectiveness of low emission zones (LEZs) and to compare it with the existing results in literature on the effectiveness of urban tolls. First, we build up a theoretical model that departs from De Borger
-
Bus Rapid Transit versus road expansion to alleviate congestion: A general equilibrium comparison Econ. Transp. (IF 2.829) Pub Date : 2021-08-03 Alex Anas, Sayan De Sarkar, Govinda R. Timilsina
Bus Rapid Transit (BRT) and highway expansions actually proposed for Beirut are compared using an urban computable general equilibrium model. The model has two geographic zones, central area and suburbs, but it is economically detailed. It includes production, labor, residential and commercial real estate markets and multimodal road congestion with private car, minibus and taxi vehicles and public
-
Pedestrian deaths and large vehicles Econ. Transp. (IF 2.829) Pub Date : 2021-07-26 Justin Tyndall
Traffic fatalities in the US have been rising among pedestrians even as they fall among motorists. Contemporaneously, the US has undergone a significant shift in consumer preferences for motor vehicles, with larger Sport Utility Vehicles comprising an increased market share. Larger vehicles may pose a risk to pedestrians, increasing the severity of collisions. I use data covering all fatal vehicle
-
Airline schedule buffers and flight delays: A discrete model Econ. Transp. (IF 2.829) Pub Date : 2021-07-20 Jan K. Brueckner, Achim I. Czerny, Alberto A. Gaggero
This paper revisits the airline schedule-buffer choice problem analyzed by Brueckner et al. (2021) using a simpler model where the random shocks influencing flight times are discrete rather than continuous. The analysis yields closed-form solutions for the flight and ground buffers as well as full comparative-static results, neither of which were available in the earlier paper. The paper also explores
-
The impact of optimal rail access charges on frequencies and fares Econ. Transp. (IF 2.829) Pub Date : 2021-07-03 Maria Börjesson, Ajsuna R. Rushid, Chengxi Liu
Sweden has been a front runner in vertical separation. We use data from the business long-distance corridor in Sweden to calibrate and define a demand and supply model. We simulate how the profit, welfare, fares, frequencies, modal shares and train size depend on the level of the track charges. We simulate the welfare optimal track charges, given different levels of congestion on the track, hence using
-
Can time-inconsistent preferences explain hypothetical biases? Econ. Transp. (IF 2.829) Pub Date : 2021-04-21 Ondřej Krčál, Stefanie Peer, Rostislav Staněk
We investigate whether the value of time (VOT) depends on when the corresponding preferences are measured: in advance, just before, or after the time period for which the time preferences are being evaluated. We find that the VOT is highest when elicited just before the time period. This is an indication of the VOT being affected by time-inconsistent, and more specifically, present-biased preferences
-
Optimization of the cost of urban traffic through an online bidding platform for commuters Econ. Transp. (IF 2.829) Pub Date : 2021-04-21 Jacek Filipowski, Bogumił Kamiński, Atefeh Mashatan, Paweł Prałat, Przemysław Szufel
In this paper, we consider the problem of increasing efficiency of a transportation system through optimizing the behavior of commuters. The assumption is that the time spent in the traffic can be represented by a monetary value and hence introduction of monetary compensations can lead to a more efficient organization of the transportation system. In our model, heterogeneous travelers differently assess
-
A review of public transport economics Econ. Transp. (IF 2.829) Pub Date : 2021-04-20 Daniel Hörcher, Alejandro Tirachini
Public transport provision requires substantial organisational efforts, careful planning, financial contributions from the public, and coordination between millions of passengers and staff members in large systems. Efficient resource allocation is critical in its daily operations. Therefore, public transport has been among the most popular subjects in transport economics since the infancy of this discipline
-
Transport taxes and subsidies in developing countries: The effect of income inequality aversion Econ. Transp. (IF 2.829) Pub Date : 2021-04-06 Alejandro Tirachini, Stef Proost
We propose a marginal tax reform model that includes both formal and informal sectors in the economy, traffic externalities (congestion, pollution, crashes and noise) and distributional concerns. The marginal cost of public funds (MCF) is derived for fuel taxes and public transport subsidies. The model is applied to Santiago, Chile. If MCFs are computed only taking economic efficiency into account
-
Quantifying the impacts of air transportation on economic productivity: a quasi-experimental causal analysis Econ. Transp. (IF 2.829) Pub Date : 2021-01-06 Jose M. Carbo, Daniel J. Graham
Air transport capacity expansions are often justified on the grounds that they will improve economic performance and induce growth. Such causal impacts are hard to identify empirically due to the fundamentally endogenous nature of the relationship between air transport and the economy. This paper contributes to the empirical literature on aviation-economy effects by conducting a case study of the impacts
-
Workplace parking policies in an agglomeration: An illustration for Barcelona Econ. Transp. (IF 2.829) Pub Date : 2020-12-22 Aleix Pons-Rigat, Stef Proost, Mateu Turró
This paper studies the role of workplace parking policies and illustrates it for the Barcelona agglomeration. We adapt the Brueckner and Franco (2018) analytical model for Western European cities by adding agglomeration externalities, public transport congestion and underground parking. Workers can choose to locate in the city centre or in the suburbs. Commuting to the city centre requires either commuting
-
A new look at the value of leisure in two-worker households Econ. Transp. (IF 2.829) Pub Date : 2020-12-09 Sergio Jara-Díaz, Diego Candia
We depart from the individual view behind those time allocation models aimed at the calculation of the value of leisure (VoL) when dealing with two-worker households, as this (prevailing) view requires approximations and assumptions that do not hold well. As the existing theories that consider the household deals with time allocation but not with time values, we propose an integration of some elements