Cost benefit analysis of a transport improvement in the case of search unemployment

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Cost benefit analysis of a transport improvement in the case of search unemployment. / Pilegaard, Ninette; Fosgerau, Mogens.

In: Journal of Transport Economics and Policy, Vol. 42, No. 1, 01.2008, p. 23-42.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Pilegaard, N & Fosgerau, M 2008, 'Cost benefit analysis of a transport improvement in the case of search unemployment', Journal of Transport Economics and Policy, vol. 42, no. 1, pp. 23-42.

APA

Pilegaard, N., & Fosgerau, M. (2008). Cost benefit analysis of a transport improvement in the case of search unemployment. Journal of Transport Economics and Policy, 42(1), 23-42.

Vancouver

Pilegaard N, Fosgerau M. Cost benefit analysis of a transport improvement in the case of search unemployment. Journal of Transport Economics and Policy. 2008 Jan;42(1):23-42.

Author

Pilegaard, Ninette ; Fosgerau, Mogens. / Cost benefit analysis of a transport improvement in the case of search unemployment. In: Journal of Transport Economics and Policy. 2008 ; Vol. 42, No. 1. pp. 23-42.

Bibtex

@article{71c70400305d4654bb9a4f966bba61a2,
title = "Cost benefit analysis of a transport improvement in the case of search unemployment",
abstract = "We examine the implications of search unemployment for the evaluation of a transport investment in a conventional cost benefit analysis (CBA) assuming perfect competition. Lower transport costs induce search over a larger area and longer commuting distances. The expected duration of vacancies is reduced with ensuing benefits outweighing the loss to increased transport. The search imperfection drives a wedge between the marginal product of labour and the wage, such that the final benefits of a transport improvement exceed those of a conventional CBA. Using a simulation model we find these additional benefits may be substantial.",
author = "Ninette Pilegaard and Mogens Fosgerau",
year = "2008",
month = jan,
language = "English",
volume = "42",
pages = "23--42",
journal = "Journal of Transport Economics and Policy",
issn = "0022-5258",
publisher = "University of Bath",
number = "1",

}

RIS

TY - JOUR

T1 - Cost benefit analysis of a transport improvement in the case of search unemployment

AU - Pilegaard, Ninette

AU - Fosgerau, Mogens

PY - 2008/1

Y1 - 2008/1

N2 - We examine the implications of search unemployment for the evaluation of a transport investment in a conventional cost benefit analysis (CBA) assuming perfect competition. Lower transport costs induce search over a larger area and longer commuting distances. The expected duration of vacancies is reduced with ensuing benefits outweighing the loss to increased transport. The search imperfection drives a wedge between the marginal product of labour and the wage, such that the final benefits of a transport improvement exceed those of a conventional CBA. Using a simulation model we find these additional benefits may be substantial.

AB - We examine the implications of search unemployment for the evaluation of a transport investment in a conventional cost benefit analysis (CBA) assuming perfect competition. Lower transport costs induce search over a larger area and longer commuting distances. The expected duration of vacancies is reduced with ensuing benefits outweighing the loss to increased transport. The search imperfection drives a wedge between the marginal product of labour and the wage, such that the final benefits of a transport improvement exceed those of a conventional CBA. Using a simulation model we find these additional benefits may be substantial.

UR - http://www.scopus.com/inward/record.url?scp=38949088628&partnerID=8YFLogxK

M3 - Journal article

AN - SCOPUS:38949088628

VL - 42

SP - 23

EP - 42

JO - Journal of Transport Economics and Policy

JF - Journal of Transport Economics and Policy

SN - 0022-5258

IS - 1

ER -

ID: 181872848