| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29012 |
| 来源ID | Working Paper 29012 |
| Efficiency and Equity Impacts of Urban Transportation Policies with Equilibrium Sorting | |
| Panle Jia Barwick; Shanjun Li; Andrew R. Waxman; Jing Wu; Tianli Xia | |
| 发表日期 | 2021-07-12 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We estimate an equilibrium sorting model of housing location and commuting mode choice with endogenous traffic congestion to evaluate the efficiency and equity impacts of a menu of urban transportation policies. Leveraging fine-scale data from household travel diaries and housing transaction data identifying residents’ home and work locations in Beijing, we recover structural estimates with rich preference heterogeneity over both travel mode and residential location decisions. Counterfactual simulations demonstrate that even when different policies reduce congestion to the same degree, their impacts on residential sorting and social welfare differ drastically. First, driving restrictions create large distortions in travel choices and are welfare reducing. Second, distance-based congestion pricing reduces the spatial separation between residences and workplaces and improves welfare for all households when it is accompanied by revenue recycling. Third, sorting undermines the congestion reduction under driving restrictions and subway expansion but strengthens it under congestion pricing. Fourth, the combination of congestion pricing and subway expansion delivers the greatest congestion relief and efficiency gains. It can also be self-financed, with the cost of subway expansion fully covered by congestion pricing revenue. Finally, eliminating preference heterogeneity, household sorting, or endogenous congestion significantly biases the welfare estimates and changes the relative welfare rankings of the policies. |
| 主题 | Public Economics ; Taxation ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w29012 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586686 |
| 推荐引用方式 GB/T 7714 | Panle Jia Barwick,Shanjun Li,Andrew R. Waxman,et al. Efficiency and Equity Impacts of Urban Transportation Policies with Equilibrium Sorting. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29012.pdf（1824KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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