The effects of urban transportation changes : A general equilibrium simulation
This paper uses a general equilibrium simulation model of residential land use to study the long-run effects of transportation changes in a closed city. The effects considered include the aggregate benefits from and income distributional impact of the changes, and the induced alterations in the physical characteristics of the city and in the location and modal choice of different income groups. An interesting point brought out in the simulations is the welfare-interdependence of different groups resulting from their spatial interaction.
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