Location Sorting and Endogenous Amenities: Evidence from Amsterdam

When the Soo Line threatened to expand into the Great Northern Railway’s territory in 1905, the two companies entered a fierce competition for marketshare in which the they rapidly constructed nearly 500 miles of rail tracks and over 50 new...

American cities are overreliant on cars. Policies for reducing this gridlock and pollution range from changing public transit fares or frequencies to introducing new tolls. In this episode of The Pie, Milena Almagro, Assistant Professor of Economics at Chicago Booth,...

In Chicago, welfare would be increased by charging almost nothing for public transit, increasing the frequency of trains, and lowering the frequency of buses. Road pricing reduces environmental externalities, but only benefits travelers if the revenues are used for transit...