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Evaluating benefits of transportation in models of new economic geography

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  • Kanemoto, Yoshitsugu

Abstract

In the presence of price distortions, cost-benefit analysis must include changes in the deadweight loss in addition to the direct benefits and costs to transportation users and nonusers. Advances in new economic geography (NEG) have highlighted the importance of price distortions associated with imperfect competition. This paper reviews recent contributions to cost-benefit analysis in NEG models, and explores which elements of the models have contributed to the differences in the results obtained.

Suggested Citation

  • Kanemoto, Yoshitsugu, 2013. "Evaluating benefits of transportation in models of new economic geography," Economics of Transportation, Elsevier, vol. 2(2), pages 53-62.
  • Handle: RePEc:eee:ecotra:v:2:y:2013:i:2:p:53-62
    DOI: 10.1016/j.ecotra.2012.11.003
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    References listed on IDEAS

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    4. Behrens, Kristian & Kanemoto, Yoshitsugu & Murata, Yasusada, 2015. "The Henry George Theorem in a second-best world," Journal of Urban Economics, Elsevier, vol. 85(C), pages 34-51.
    5. Yoshitsugu Kanemoto, 2012. "Cost-Benefit Analysis in Monopolistic Competition Models of Urban Agglomeration," GRIPS Discussion Papers 12-04, National Graduate Institute for Policy Studies.
    6. Kanemoto, Yoshitsugu, 2013. "Second-best cost–benefit analysis in monopolistic competition models of urban agglomeration," Journal of Urban Economics, Elsevier, vol. 76(C), pages 83-92.
    7. Rouwendal Jan, 2012. "Indirect Effects in Cost-Benefit Analysis," Journal of Benefit-Cost Analysis, De Gruyter, vol. 3(1), pages 1-27, January.
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    10. Kanemoto, Yoshitsugu & Mera, Koichi, 1985. "General equilibrium analysis of the benefits of large transportation improvements," Regional Science and Urban Economics, Elsevier, vol. 15(3), pages 343-363, August.
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    12. Anthony J. Venables, 2007. "Evaluating Urban Transport Improvements: Cost-Benefit Analysis in the Presence of Agglomeration and Income Taxation," Journal of Transport Economics and Policy, University of Bath, vol. 41(2), pages 173-188, May.
    13. Vickerman, Roger, 2008. "Transit investment and economic development," Research in Transportation Economics, Elsevier, vol. 23(1), pages 107-115, January.
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    Cited by:

    1. Behrens, Kristian & Kanemoto, Yoshitsugu & Murata, Yasusada, 2015. "The Henry George Theorem in a second-best world," Journal of Urban Economics, Elsevier, vol. 85(C), pages 34-51.
    2. Eliasson, Jonas & Fosgerau, Mogens, 2017. "Cost-benefit analysis of transport improvements in the presence of spillovers, matching and an income tax," Working papers in Transport Economics 2017:3, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    3. Kanemoto, Yoshitsugu, 2013. "Second-best cost–benefit analysis in monopolistic competition models of urban agglomeration," Journal of Urban Economics, Elsevier, vol. 76(C), pages 83-92.
    4. repec:eee:matsoc:v:91:y:2018:i:c:p:25-35 is not listed on IDEAS
    5. Yoshitsugu Kanemoto, 2013. "Pitfalls in estimating “wider economic benefits” of transportation projects," GRIPS Discussion Papers 13-20, National Graduate Institute for Policy Studies.

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