General Equilibrium Analysis of the Benefits of Large Transportation Improvements

Yoshitsugu Kanemoto and Koichi Mera

Working Paper from Economics Department, Queen's University

Abstract: This paper examines three benefit measures of a large transportation improvement in a general equilibrium framework. Three issues are analyzed. The first is whether the measures can be reduced to the area to the left of a suitably defined transportation demand curve. Second, the measures are expressed as functions of price and income elasticities which can be estimated empirically. Third, the general and partial measures are compared.

Pages: 38 pages
Date: 1984
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Journal Article: General equilibrium analysis of the benefits of large transportation improvements (1985)
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:567

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