Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062445 | Economics Letters | 2006 | 6 Pages |
Abstract
For traffic congestion arising from sprawl, planners prefer supply side strategies over the demand side strategies recommended by economists. Our model provides a rationale why: wealth-induced congestion increases a planner's social discount rate, which decreases future costs of supply side solutions.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thomas A. Rhoads, Jason F. Shogren,