Abstract
So far, land use-transportation models have been used exclusively for numerical analysis. A recent theoreticalendeavor now enables us to derive the first-order derivative of the model's welfare function with respect to policyvariables. I extend this methodology into the institutional setting where toll revenues are recycled through laborincome tax. In this setting, the first-order derivative is composed of (1) the increase in welfare due to reducedcongestion, and (2) the decrease in welfare due to interaction with the existing labor income tax. This resultcoincides with existing theory in the non-spatial model.
| Translated title of the contribution | Analysis of Congestion Tolls Using the Land Use-Transportation Model When Toll Revenues Are Recycled |
|---|---|
| Original language | Korean |
| Pages (from-to) | 357-368 |
| Number of pages | 12 |
| Journal | 대한교통학회지 |
| Volume | 32 |
| Issue number | 4 |
| DOIs | |
| State | Published - Aug 2014 |