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- school of business & economics ( ruimtelijke economie )
- Full Professor
Erik Verhoef (1966) graduated in Economics at the University of Groningen (1991), and obtained a PhD in Economics at VU Amsterdam on a thesis entitled “The regulation of road transport externalities”. He is now affiliated as a full professor in Spatial Economics at this same university, and as a research fellow at the Tinbergen Institute. He has been Vice (Research) Dean of the Faculty of Economics and Business Administration, and is currently Head of Department of Spatial Economics, both at VU Amsterdam.
His research focuses on efficiency and equity aspects of spatial externalities and their economic regulation, in particular in transport, urban and spatial systems. Important research themes include second-best regulation, network- and spatial analysis and methodological development, efficiency aspects versus equity and social acceptability, industrial organization in network markets, valuation and behavioural modelling, and policy evaluation. He has been involved in various national and international research consortia. His research is at the interface of welfare-, micro-, transport-, urban-, spatial- and environmental economics. He has published various books and numerous articles on these topics.
Traffic congestion, static and dynamic network analysis, urban externalities, second-best regulation, efficiency and equity aspects of spatial externalities and regulation, spatial equilibrium modelling, valuation, transport economics, urban economics.
Erik Verhoef teaches courses in Environmental and Transport Economics (2nd year BA), Transport Economics (MSc), and Spatial and Transport Economics at the Tinbergen Institute (M-phil).
Peer, S., E.T. Verhoef, P.R. Koster, J. Knockaert and Y. Tseng (2015) “Long-run versus short-run perspectives on consumer scheduling: evidence from a revealed-preference experiment among peak-hour road commuters” International Economic Review56 (1) 303-323.
Silva Montalva, H.E. and E.T. Verhoef (2013) “Optimal pricing of flights and passengers at congested airports and the efficiency of atomistic charges” Journal of Public Economics106 1-13.
Small, K.A. and E.T. Verhoef (2007) The Economics of Urban Transportation Routledge, London.
Verhoef, E.T. (2005) “Second-best congestion pricing schemes in the monocentric city” Journal of Urban Economics58 (3) 367-388.
Verhoef, E.T., P. Nijkamp and P. Rietveld (1996) “Second-best congestion pricing: the case of an untolled alternative” Journal of Urban Economics40 (3) 279-302.
ERC Advanced Grant: OPTION (2010 - 2015)
The motivation for thus project stems from the observation that current transport policy analyses typically ignore the strategic behaviour of ‘large actors’. To an increasing extent, however, it is realized that transport systems and markets are often more complex than often perceived, due to multiple private and (semi-)public stakeholders with a more-than-marginal impact on the functioning of transport markets. Such ‘large actors’ typically pursue objectives that do not (fully) run parallel to the overall public interest. In such instances, central transport policies will not have the impact that is anticipated, because these large actors change their behaviour in response to central policies, thus affecting the market outcomes. This can dramatically affect the optimal design and impacts of central policies. The project will develop models incorporating large actors for a number of specific cases, e.g. integrated airport-airline networks, rail-road competition, private road supply, insurance companies and traffic accidents, automated highways and electric vehicles, and taxi markets. These transport policy problems are not only of great academic interest, but also present some of the greatest challenges faced by transport policy makers in their daily operations. A specific methodological challenge is the analytical and numerical derivation of ‘second-best’ policy rules.
Traffic congestion, static and dynamic network analysis, urban externalities, second-best regulation, efficiency and equity aspects of spatial externalities and regulation, spatial equilibrium modelling, transport economics (general), urban economics (general).