Evaluating benefits of transportation in models of new economic geography

Yoshitsugu Kanemoto

Economics of Transportation, 2013, vol. 2, issue 2, 53-62

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.

Keywords: New economic geography; Cost-benefit analysis; Agglomeration economies; Monopolistic competition; Second-best economies (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecotra:v:2:y:2013:i:2:p:53-62

DOI: 10.1016/j.ecotra.2012.11.003

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