Abstract
Theory-based numerical models tend to use complicated model structure, so it is not always easy to understand and theorize the findings of those models. Yu and Rhee (2011) provide a methodology that can simplify the rate of welfare change in policy variables in the models a la Anas and Kim (1996). We generalize their methodology to the models with the constant-returns-to-scale production function and apply the methodology to the welfare analysis of congestion tolls.
| Translated title of the contribution | Welfare Function of Theory-Based Spatial Equilibrium Models and Congestion Tolls |
|---|---|
| Original language | Korean |
| Pages (from-to) | 183-192 |
| Number of pages | 10 |
| Journal | 국토계획 |
| Volume | 47 |
| Issue number | 4 |
| DOIs | |
| State | Published - Aug 2012 |