TY  - SER
AU  - Barwick, Panle Jia
AU  -  Li, Shanjun
AU  -  Waxman, Andrew
AU  -  Wu, Jing
AU  -  Xia, Tianli
TI  - Efficiency and Equity Impacts of Urban Transportation Policies with Equilibrium Sorting
SN  - 0002-8282
PB  - American Economic Review
KW  -  Demand and Supply
KW  -  Housing Supply and Markets
KW  -  Regional Labor Markets
KW  -  Transitional Economies
KW  -  Transportation Analysis
KW  - Transportation Economics
N2  - We estimate an equilibrium sorting model of housing location and commuting mode choice with endogenous traffic congestion to evaluate urban transportation policies. Leveraging fine-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 efficiency gains
UR  - https://www.aeaweb.org/articles?id=10.1257/aer.20220212
ER  -