General equilibrium analysis of the benefits of large transportation improvements (English)

This paper considers three benefit measures of a large transportation improvement in a general equilibrium framework, i.e. the Marshall-Dupuit consumer's surplus, the compensating variation, and the compensating surplus. First, it examines whether or not 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 various price and income elasticities which...
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Citation

Kanemoto, Yoshitsugu; Mera,Koichi.

General equilibrium analysis of the benefits of large transportation improvements (English). World Bank reprint series ; no. REP 365 Washington, D.C. : The World Bank. http://documents.worldbank.org/curated/en/519871467988921977

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