Second-best urban tolls in a monocentric city with housing market regulations
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DOI: 10.1016/j.trb.2018.08.014
Abstract: This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary regulations in the housing market (building height restrictions, no-development areas and property taxation). We demonstrate that the welfare gain of a Pigouvian… read more here.
Keywords: housing market; monocentric city; second best; city ... See more keywords