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Evaluating benefits of transportation in models of new economic geography

  • Kanemoto, Yoshitsugu

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.

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Article provided by Elsevier in its journal Economics of Transportation.

Volume (Year): 2 (2013)
Issue (Month): 2 ()
Pages: 53-62

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Handle: RePEc:eee:ecotra:v:2:y:2013:i:2:p:53-62
Contact details of provider: Web page: http://www.elsevier.com/locate/ecotra

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  1. Yoshitsugu Kanemoto, 2012. "Cost-Benefit Analysis in Monopolistic Competition Models of Urban Agglomeration," GRIPS Discussion Papers 12-04, National Graduate Institute for Policy Studies.
  2. Anthony J. Venables, 2004. "Evaluating Urban Transport Improvements: Cost Benefit Analysis in the Presence of Agglomeration and Income Taxation," CEP Discussion Papers dp0651, Centre for Economic Performance, LSE.
  3. Daniel J. Graham, 2007. "Agglomeration, Productivity and Transport Investment," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 41(3), pages 317-343, September.
  4. Jan De Loecker & Frederic Warzynski, 2009. "Markups and firm-level export status," NBER Working Papers 15198, National Bureau of Economic Research, Inc.
  5. Chisato Asahi & Satoshi Hikino & Yoshitsugu Kanemoto, 2008. "Consumption Side Agglomeration Economies in Japanese Cities," CIRJE F-Series CIRJE-F-561, CIRJE, Faculty of Economics, University of Tokyo.
  6. 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.
  7. PENG, Shin-Kun & THISSE, Jacques-Françiois & WANG, Ping, . "Economic integration and agglomeration in a middle product economy," CORE Discussion Papers RP -1878, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. Yoshitsugu Kanemoto & Koichi Mera, 1984. "General Equilibrium Analysis of the Benefits of Large Transportation Improvements," Working Papers 567, Queen's University, Department of Economics.
  9. 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.
  10. Feenstra, Robert C., 2003. "A homothetic utility function for monopolistic competition models, without constant price elasticity," Economics Letters, Elsevier, vol. 78(1), pages 79-86, January.
  11. Edward L. Glaeser, Jed Kolko, and Albert Saiz, 2001. "Consumer city," Journal of Economic Geography, Oxford University Press, vol. 1(1), pages 27-50, January.
  12. Rouwendal Jan, 2012. "Indirect Effects in Cost-Benefit Analysis," Journal of Benefit-Cost Analysis, De Gruyter, vol. 3(1), pages 1-27, January.
  13. Vickerman, Roger, 2008. "Transit investment and economic development," Research in Transportation Economics, Elsevier, vol. 23(1), pages 107-115, January.
  14. Torben Holvad & John Preston, 2005. "Road Transport Investment Projects and Additional Economic Benefits," ERSA conference papers ersa05p522, European Regional Science Association.
  15. Rosenthal, Stuart S. & Strange, William C., 2004. "Evidence on the nature and sources of agglomeration economies," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 49, pages 2119-2171 Elsevier.
  16. Tabuchi, Takatoshi & Yoshida, Atsushi, 2000. "Separating Urban Agglomeration Economies in Consumption and Production," Journal of Urban Economics, Elsevier, vol. 48(1), pages 70-84, July.
  17. Graham, Daniel J., 2007. "Variable returns to agglomeration and the effect of road traffic congestion," Journal of Urban Economics, Elsevier, vol. 62(1), pages 103-120, July.
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