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Bottleneck congestion and urban spatial structure with heterogeneous households: Equilibrium, capacity expansion and congestion tolling 有异质家庭的瓶颈拥堵和城市空间结构：均衡、容量扩展和拥堵收费
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-09-14 DOI: 10.1016/j.jue.2024.103693
Zhi-Chun Li , De-Ping Yu , André de Palma
{"title":"Bottleneck congestion and urban spatial structure with heterogeneous households: Equilibrium, capacity expansion and congestion tolling","authors":"Zhi-Chun Li ,&nbsp;De-Ping Yu ,&nbsp;André de Palma","doi":"10.1016/j.jue.2024.103693","DOIUrl":"10.1016/j.jue.2024.103693","url":null,"abstract":"<div><p>We propose an analytical solvable model for household residential location choice in a linear monocentric city corridor with bottleneck congestion. Households are heterogeneous in terms of their income. The bottleneck is located between central downtown and adjacent suburb. The urban equilibrium is formulated as the solution of differential equations. We analytically explore the distributional effects of bottleneck capacity expansion on households and the bottleneck capacity investment issues under no toll and first-best and second-best tolls. The results show that the benefits of different-income households from bottleneck capacity expansion change with toll schemes. Specifically, under the no toll and first-best toll, those who gain most are the mid-income households residing at the bottleneck and in a suburban location (close to the bottleneck) respectively, whereas those who gain least are the poorest or richest households. Under the second-best toll, there are two possible cases: the poorest households gain most while the richest households gain least, or the mid-income households residing at the bottleneck gain most while the richest or poorest households gain least. With constant return to scale for capacity investment, self-financing principle still holds for the first-best and second-best tolling in the urban spatial context. Ignoring the changes in urban spatial structure due to household relocation may cause overinvestment or underinvestment in optimal bottleneck capacity under the no toll, but definitely underinvestment under the first-best and second-best tolls.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142232672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Do property rehabs affect neighboring property prices? 物业改造会影响周边物业的价格吗？
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jue.2024.103694
Rohan Ganduri, Gonzalo Maturana
{"title":"Do property rehabs affect neighboring property prices?","authors":"Rohan Ganduri,&nbsp;Gonzalo Maturana","doi":"10.1016/j.jue.2024.103694","DOIUrl":"10.1016/j.jue.2024.103694","url":null,"abstract":"<div><p>We examine the effect of real estate owned property rehabilitations on neighboring property prices. We find that house prices around a rehabilitated property increase 2.3 percentage points following the rehabilitation. Moreover, the average rehabilitation generates aggregate welfare benefits 3.8 times greater than the amount invested. Rehabilitation externalities are stronger for longer rehabilitations and greater rehabilitation investments, and they are prevalent even in areas with high rates of foreclosures. The spillover effect of rehabilitations operates through their salience rather than through a reduction in the supply of distressed properties, through property appraisals, or through homebuyers with higher income moving into the neighborhood.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142128866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Neighboring capital imports and non-importer productivity: Evidence from geocoded manufacturing firms in China 邻国资本进口与非进口国生产率：来自中国地理编码制造业企业的证据
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-08-24 DOI: 10.1016/j.jue.2024.103692
Jiawei Mo, Zhe Zhang
{"title":"Neighboring capital imports and non-importer productivity: Evidence from geocoded manufacturing firms in China","authors":"Jiawei Mo,&nbsp;Zhe Zhang","doi":"10.1016/j.jue.2024.103692","DOIUrl":"10.1016/j.jue.2024.103692","url":null,"abstract":"<div><p>This article examines the spillover effects of neighboring firms’ imports on the productivity of non-importers. By analyzing geocoded manufacturing firms in China, we find that capital goods imports by neighboring firms within 10 km positively impact non-importer productivity; intermediate goods imports show no clear spillover. These results hold when using imports from distant firms as instruments. Spillovers from capital imports mainly come from neighbors in upstream and downstream industries, which indicate potential supply chain effects. Learning effects from neighboring imported products are not significant. Quantitatively, neighboring capital imports raised non-importers’ average productivity by 0.99% from 2000 to 2006, surpassing gains from their own R&amp;D participation by more than sixfold. Overall, our findings demonstrate substantial societal benefits of capital imports for non-importers connected spatially.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142047973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Making housing affordable? The local effects of relaxing land-use regulation 让人们买得起住房？放宽土地使用管制对当地的影响
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-08-22 DOI: 10.1016/j.jue.2024.103689
Simon Büchler , Elena Lutz
{"title":"Making housing affordable? The local effects of relaxing land-use regulation","authors":"Simon Büchler ,&nbsp;Elena Lutz","doi":"10.1016/j.jue.2024.103689","DOIUrl":"10.1016/j.jue.2024.103689","url":null,"abstract":"<div><p>This paper examines the effects of relaxing land-use regulations on housing supply and rents at the local intra-city level. We apply a staggered difference-in-difference model, exploiting exogenous differences in the treatment timing of zoning plan reforms as identifying variation. Increasing the allowable floor-to-area ratio (FAR), i.e., upzoning, significantly increases the living space and housing units by approximately 9% in the subsequent five to ten years. This effect is stronger for larger upzonings, for rasters where zoning is binding, and where rents are high. Furthermore, upzoning leads to no difference in hedonic rents between upzoned and later-upzoned rasters. These results show that upzoning is a viable policy for increasing housing affordability. However, the effects depend on the upzoning policy design and take several years to materialize.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0094119024000597/pdfft?md5=588f58692c30ac97043affa3456db316&pid=1-s2.0-S0094119024000597-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142039946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The spatial impacts of a massive rail disinvestment program: The Beeching Axe 大规模铁路撤资计划的空间影响：比青斧头
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-08-17 DOI: 10.1016/j.jue.2024.103691
Stephen Gibbons , Stephan Heblich , Edward W. Pinchbeck
{"title":"The spatial impacts of a massive rail disinvestment program: The Beeching Axe","authors":"Stephen Gibbons ,&nbsp;Stephan Heblich ,&nbsp;Edward W. Pinchbeck","doi":"10.1016/j.jue.2024.103691","DOIUrl":"10.1016/j.jue.2024.103691","url":null,"abstract":"<div><p>This paper investigates the reversibility of the effects of transport infrastructure investments, based on a programme that removed much of the rail network in Britain during the mid-20th century. We find that a 10% loss in rail access between 1950 and 1980 caused a persistent 3% decline in local population relative to unaffected areas, implying that the 1 in 5 places most exposed to the cuts saw 24 percentage points less population growth than the 1 in 5 places that were least exposed. The cuts reduced local jobs and shares of skilled workers and young people.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0094119024000615/pdfft?md5=d3dddbd4f0ec205e4f8adb059336dba8&pid=1-s2.0-S0094119024000615-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141998393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
JUE insight: The impact of school spending on civic engagement: Evidence from school finance reforms 觉》的洞察力：学校支出对公民参与的影响：学校财务改革的证据
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-08-15 DOI: 10.1016/j.jue.2024.103688
Erdal Asker , Eric Brunner , Steve Ross
{"title":"JUE insight: The impact of school spending on civic engagement: Evidence from school finance reforms","authors":"Erdal Asker ,&nbsp;Eric Brunner ,&nbsp;Steve Ross","doi":"10.1016/j.jue.2024.103688","DOIUrl":"10.1016/j.jue.2024.103688","url":null,"abstract":"<div><p>A primary rationale for public financing of schools is that education fosters civic engagement. However, existing studies examining the relationship between schooling and civic engagement have focused exclusively on how educational attainment affects political activity. We provide evidence on how school spending affects volunteerism and voting. Exploiting variation in U.S. court-ordered and legislative school finance reforms and using survey data from the NCES Secondary Longitudinal Studies Program, we find that exogenous increases in school spending led to increases in the probability that young adults volunteer, the amount of time they spend volunteering, and the probability of being registered to vote.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141990670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Foundations of cities 城市的基础
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-08-08 DOI: 10.1016/j.jue.2024.103684
Jacques-François Thisse , Matthew A. Turner , Philip Ushchev
{"title":"Foundations of cities","authors":"Jacques-François Thisse ,&nbsp;Matthew A. Turner ,&nbsp;Philip Ushchev","doi":"10.1016/j.jue.2024.103684","DOIUrl":"10.1016/j.jue.2024.103684","url":null,"abstract":"<div><p>How do people choose work and residence locations when commuting is costly and productivity spillovers, increasing returns to scale, or first nature advantage, reward the concentration of employment. We describe such an equilibrium city in a simple geography populated by agents with heterogenous preferences over workplace–residence pairs. The behavior of equilibrium cities is more complex than previously understood. Heterogeneous location preferences are sufficient for equilibrium centralization of employment and residence. Increasing returns and productivity spillovers can disperse employment. An increase in commuting costs may decentralize residence and employment. Our results shed new light on classical urban economics and are important for our understanding of quantitative spatial models.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141963148","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cities and the sea level 城市与海平面
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-08-01 DOI: 10.1016/j.jue.2024.103685
Yatang Lin , Thomas K.J. McDermott , Guy Michaels
{"title":"Cities and the sea level","authors":"Yatang Lin ,&nbsp;Thomas K.J. McDermott ,&nbsp;Guy Michaels","doi":"10.1016/j.jue.2024.103685","DOIUrl":"10.1016/j.jue.2024.103685","url":null,"abstract":"<div><p>Construction on low elevation coastal zones is risky for both residents and taxpayers who bail them out. To investigate this construction, we analyze spatially disaggregated data covering the entire US Atlantic and Gulf coasts. We find that the 1990 housing stock reflects historical avoidance of locations prone to sea level rise (SLR) and flooding, but net new construction from 1990–2010 was similar in SLR-prone locations and safer ones; and within densely built coastal areas, net new construction was higher in SLR-prone locations. These findings are difficult to rationalize as mere products of moral hazard or imperfect information, suggesting that people build on risky locations to benefit from nearby urban agglomerations. To explain our findings, we develop a simple model of a monocentric coastal city, which we use to explore the consequences of sea level rise. This model helps explain cities’ role in expanding flood risks, and how future sea level rise may reshape coastal cities, creating significant challenges for policymakers.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S009411902400055X/pdfft?md5=d06c9d552772595c2690d4ce55009d7a&pid=1-s2.0-S009411902400055X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141950419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Road maintenance and local economic development: Evidence from Indonesia’s highways 道路维护与地方经济发展：印度尼西亚高速公路的证据
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-07-31 DOI: 10.1016/j.jue.2024.103687
Paul J. Gertler , Marco Gonzalez-Navarro , Tadeja Gračner , Alexander D. Rothenberg
{"title":"Road maintenance and local economic development: Evidence from Indonesia’s highways","authors":"Paul J. Gertler ,&nbsp;Marco Gonzalez-Navarro ,&nbsp;Tadeja Gračner ,&nbsp;Alexander D. Rothenberg","doi":"10.1016/j.jue.2024.103687","DOIUrl":"10.1016/j.jue.2024.103687","url":null,"abstract":"<div><p>This paper estimates the local welfare impacts of highway maintenance investments. We instrument road quality exploiting Indonesia’s two-step budgeting process for allocating funding to local road authorities. Using comprehensive data on road quality from 1990–2007, we find evidence that better roads help manufacturers create new jobs, enabling worker transitions out of informal employment, and increasing labor income. Road quality also changes the cost of living, reducing perishable food prices but also raising housing prices. We estimate the elasticity of household welfare with respect to road quality to be 0.1 and the benefit/cost ratio for road maintenance investments to be 2.3.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0094119024000573/pdfft?md5=550124c9ea1be1eac081b74b7b6a5cd5&pid=1-s2.0-S0094119024000573-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141950420","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does the US have an infrastructure cost problem? Evidence from the interstate highway system 美国是否存在基础设施成本问题？州际公路系统提供的证据
IF 5.7 1区 经济学
Journal of Urban Economics Pub Date : 2024-07-24 DOI: 10.1016/j.jue.2024.103681
Neil Mehrotra , Matthew A. Turner , Juan Pablo Uribe
{"title":"Does the US have an infrastructure cost problem? Evidence from the interstate highway system","authors":"Neil Mehrotra ,&nbsp;Matthew A. Turner ,&nbsp;Juan Pablo Uribe","doi":"10.1016/j.jue.2024.103681","DOIUrl":"10.1016/j.jue.2024.103681","url":null,"abstract":"<div><p>Between 1984 and 2008, expenditure per Interstate vehicle mile traveled fell 10%, while the price of new lane miles and pavement quality more than doubled. To reconcile these trends, we describe an Interstate cost function for a planner who minimizes the cost required to deliver a given level of highway services. Using administrative data, we estimate prices for lane miles and pavement quality and evaluate the user cost of the Interstate. User cost fell by half between 1994–2008, largely due to falling interest rates. In this sense, there is no problem with the cost of the Interstate.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141959460","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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