External Effects

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Peter Neuteboom - One of the best experts on this subject based on the ideXlab platform.

  • Safe and Satisfied? External Effects of Homeownership in Rotterdam
    Urban Studies, 2012
    Co-Authors: Dirk Brounen, Ruben Cox, Peter Neuteboom
    Abstract:

    The article analyses the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. The results show that there are significant, but economically small, Effects of homeownership on safety and satisfaction. Moreover, the relation between ownership and satisfaction is significantly moderated by neighbourhood safety. The paper examines whether the marginal impact of increases in homeownership on External Effects diminish once ownership levels are higher. According to the data, this seems to be the case. The results are robust to alternative specifications. The findings provide insights for the evaluation of housing market policies that subsidise or stimulate homeownership.

  • Safe and Satisfied? External Effects of Homeownership in Rotterdam
    2011
    Co-Authors: Ruben Cox, Dirk Brounen, Peter Neuteboom
    Abstract:

    We analyse the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. Our results show that there are significant, but economically small, Effects of homeownership on safety and satisfaction. Moreover, the relation between ownership and satisfaction is significantly moderated by neighbourhood safety. We examine whether the marginal impact of increases in homeownership on External Effects diminish once ownership levels are higher. According to our data this seems to be the case. The results are robust to alternative specifications. Our findings provide insights for the evaluation of housing market policies that subsidise or stimulate homeownership.

Erik T. Verhoef - One of the best experts on this subject based on the ideXlab platform.

  • External Effects and social costs of road transport
    Transportation Research Part A-policy and Practice, 1994
    Co-Authors: Erik T. Verhoef
    Abstract:

    The article contains a welfare economic analysis of road transport's External Effects. First, we discuss the definition of External Effects. Applying this definition, it is concluded that road transport activities give rise to a wide range of External costs. However, there are no External benefits associated with individual road transport activities which might compensate for such Effects. Therefore, road transport volumes will in general be beyond the optimal levels. Second, we describe a conceptual framework for the analysis of environmental External costs. It is explicitly recognized that not only the Externality as such, but also the induced outlays on defensive and abatement activities should play an important role in welfare economic analyses of External Effects. Then, this framework is used for the evaluation of the existing empirical work on road transport's environmental External costs (i.e., noise and air pollution). It is concluded that most of the studies carried out in that field will provide an underestimation of road transport's External costs by definition. Finally, some attention is paid to empirical estimates of road transport's accident costs.

Manuel Artís - One of the best experts on this subject based on the ideXlab platform.

  • External Effects and Cost of Production
    Advances in Spatial Econometrics, 2004
    Co-Authors: Rosina Moreno, Enrique López-bazo, Esther Vayá, Manuel Artís
    Abstract:

    Recent studies (Romer, 1986; Lucas, 1988) have stressed the importance of factors External to the firm in the production process. Such Externalities are assumed to have a direct effect on the level of production or to enhance the productivity of traditional inputs. Broadly speaking, we can identify two types of Externalities. First, inputs that are not explicitly taken into account in the firm’s decision-making process although they contribute to the production process (for instance, the availability of human capital, public capital or infrastructure, and social capital). We will refer to these External Effects as “External inputs.” Second, Externalities that are relevant outside the economies giving rise to the Externality, regardless whether these economies are understood as the economy of a specific industry or a specific country or region. This type of Externality has recently been considered theoretically in growth models dealing with open economies.

Dirk Brounen - One of the best experts on this subject based on the ideXlab platform.

  • Safe and Satisfied? External Effects of Homeownership in Rotterdam
    Urban Studies, 2012
    Co-Authors: Dirk Brounen, Ruben Cox, Peter Neuteboom
    Abstract:

    The article analyses the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. The results show that there are significant, but economically small, Effects of homeownership on safety and satisfaction. Moreover, the relation between ownership and satisfaction is significantly moderated by neighbourhood safety. The paper examines whether the marginal impact of increases in homeownership on External Effects diminish once ownership levels are higher. According to the data, this seems to be the case. The results are robust to alternative specifications. The findings provide insights for the evaluation of housing market policies that subsidise or stimulate homeownership.

  • Safe and Satisfied? External Effects of Homeownership in Rotterdam
    2011
    Co-Authors: Ruben Cox, Dirk Brounen, Peter Neuteboom
    Abstract:

    We analyse the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. Our results show that there are significant, but economically small, Effects of homeownership on safety and satisfaction. Moreover, the relation between ownership and satisfaction is significantly moderated by neighbourhood safety. We examine whether the marginal impact of increases in homeownership on External Effects diminish once ownership levels are higher. According to our data this seems to be the case. The results are robust to alternative specifications. Our findings provide insights for the evaluation of housing market policies that subsidise or stimulate homeownership.

Adriaan Perrels - One of the best experts on this subject based on the ideXlab platform.

  • Sustainability and the interactions between External Effects of transport
    Journal of Transport Geography, 2005
    Co-Authors: Veli Himanen, Martin Lee-gosselin, Adriaan Perrels
    Abstract:

    Transportation causes various External Effects with respect to environmental functions, spatial organisation, public health, and safety and security. Furthermore, congestion is an External effect within the transport system. Starting from the assumption that transport systems should fulfil sustainability criteria, the aforementioned External Effects become key target areas in a sustainable transport policy. However, each of these target areas cannot be addressed in isolation, since there is significant interaction between them. So, any considered measure should be assessed with respect to its implications across the various target areas. It appears that, up to now, many relationships have been understood over-simplistically, be it with respect to urban form and mobility, the regulation of urban logistics, or alleged trade-offs between fuel efficiency and safety. While on the one hand various interactions still need more research before more adequate policies can be designed, other interactions are already understood well enough to provide guidelines for at least the kind of elements that a particular policy package should contain, and what should not be done. Sustainable transport policy should somehow address internalising of External Effects in pricing, but it should also acknowledge the long term steering role of spatial structure and dynamics. Issues such as safety and security, as well as public health in a larger sense, merit to be better integrated in transportation planning and operation. It is not deniable, however, that the acceptability of policies is perhaps the hardest nut to be cracked.