Response of Urban Real Estate Values in Anticipation of the Washington Metro

Response of Urban Real Estate Values in Anticipation of the Washington Metro

The expected construction of the Metro line in Washington, D.C., increased values of some properties and decreased those of others. This paper considers some implications of proposals to tax the benefits.

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Eliminating Railway Deficits. The Effects for Australia

Problems associated with subsidising Australian non-urban rail services are revisited by evaluating the macro-economic impacts of a policy that would eliminate railway deficits. The model used demonstrates how several policy scenarios for the abolition of railway subsidies can be explored by simulating shocks to the economy. The results illustrate the range of economic benefits that could accrue from the abolition of subsidies and identifies interests most likely to benefit or lose from such a policy.

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