Efficiency and Equity Impacts of Urban Transportation Policies with Equilibrium Sorting

• 成果类型: Article
• 署名作者: Barwick, Panle jia; Li, Shanjun; Waxman, Andrew; Wu, Jing; Xia, Tianli
• 署名单位: University of Wisconsin System; University of Wisconsin Madison; National Bureau of Economic Research; National Bureau of Economic Research; Cornell University; University of Texas System; University of Texas Austin; Tsinghua University; University of Rochester
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20220212
• 发表日期: 2024
• 页码: 3161-3205
• 关键词: air-quality; driving restrictions; public-transit; congestion; subways; models; cost; preferences; pollutants; allocation

摘要

We estimate an equilibrium sorting model of housing location and commuting mode choice with endogenous trafic congestion to evaluate urban transportation policies. Leveraging ine-scale data from travel diaries and housing transactions identifying residents' home and work locations, , we recover rich preference heterogeneity over both travel mode and residential location decisions. While different policies produce the same congestion reduction, , their impacts on social welfare differ drastically. In addition, , sorting undermines the congestion reduction under driving restrictions and subway expansion but strengthens it under congestion pricing. The combination of congestion pricing and subway expansion delivers the greatest congestion relief and eficiency gains.