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Local constant-quality housing market liquidity indices Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-03-09 Dorinth W. van Dijk
Market liquidity is an important aspect of housing market developments. The time on market (TOM) of sold properties is frequently used by researchers, practitioners, and policymakers as a market liquidity indicator. Compared to research on house price indices, the literature is very sparse on constructing housing market liquidity indices. This paper proposes a new method to construct constant-quality
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Cumulative impacts in environmental justice: Insights from economics and policy Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-03-07 Laura A. Bakkensen, Lala Ma, Lucija Muehlenbachs, Lina Benitez
Disparities in health and socioeconomic well-being are a result of the cumulative impacts from multiple coinciding environmental, health, and social stressors. Addressing cumulative impacts is seen as a crucial step toward environmental justice (EJ). Using the case of the United States, we compare different methods to operationalize the concept for real-world application. We empirically demonstrate
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The economic impact of UNESCO World Heritage: Evidence from Italy Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-03-02 Enrico Bertacchini, Federico Revelli, Roberto Zotti
This paper investigates the impact of the UNESCO World Heritage List (WHL) inscription on income and property values in Italian municipalities with heritage sites inscribed during the past two decades. To address the selection bias and identify the causal impact of inscription, we focus on municipalities having sites included in the national ‘tentative list’ (i.e., a list of candidates for subsequent
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Measuring aggregate land values using individual city land value gradients Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-02-29 Nathaniel Harris
Aggregate land value is useful for a variety of research purposes including measuring the social surplus generated by cities and evaluating urban development policies. Nevertheless, only one previous study, Albouy et al., (2018), has attempted to measure cross-sectionally comparable aggregate land values for U.S. cities. That study relied on vacant or near-vacant land sales and used a single pooled
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Educational and gender heterogeneity of the rural-urban earnings premium: New evidence from Norway Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-02-28 George C. Galster, Liv Osland
We explore urban earnings premiums for young, native, rural-to-urban movers in Norway. Using an augmented difference-in-differences estimator (DiD-TR) on microdata we challenge previous claims about urban earnings premium's size and sources. Conventional econometric estimators understate the static premium and overstate dynamic premiums. We find that migrants exhibit lower mean but faster pre-move
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Energy-efficient investments in housing Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-02-24 Kelly C. Bishop, Ozgen Kiribrahim-Sarikaya
In recent years, many papers in environmental economics have considered the household’s decision to invest in energy-efficient technologies for their home. The vast majority of these studies have concluded that investment levels in these technologies are sub-optimal for a variety of reasons. In this paper, we synthesize the suggested drivers of these investment wedges and propose a dynamic modeling
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The role of neighborhood characteristics in explaining political party residential segregation Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-02-21 Keith Ihlanfeldt, Cynthia Fan Yang
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Inter-municipal cooperation cloud and tax administrative costs Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-02-20 Naruki Notsu
The influence of inter-municipal cooperation (IMC) on municipal finances remains underexplored. This study focuses on implementing the inter-municipal cooperation cloud (IMC cloud), a pioneering digital framework that facilitates cooperation among municipalities in Japan. The findings indicate that introducing the IMC cloud results in a decrease of approximately 5% in tax administrative costs. A further
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Working from home: Too much of a good thing? Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-02-19 Kristian Behrens, Sergei Kichko, Jacques-Francois Thisse
We develop a general equilibrium model with skilled workers who can and unskilled workers who cannot work from home (WFH). Firms choose the amount of time they require workers in the office, whereas workers choose to either work on-site or hybrid, splitting working time between office and home. The endogenous work arrangements determine productivity, wages, and demand for residential and commercial
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Long-run effects on county employment rates of demand shocks to county and commuting zone employment Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-02-09 Timothy J. Bartik
This paper estimates the long-run effects on a county's prime-age employment rate of labor demand shocks to both the county and its overlying commuting zone (CZ). These effects are allowed to vary with local “distress” (baseline employment rate of the county or CZ), and with the size of the demand shock. In more distressed CZs, a county's employment rate is more affected by county or CZ shocks. As
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Does the winner take it all? Federal policies and political extremism Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-01-29 Gianmarco Daniele, Amedeo Piolatto, Willem Sas
Whether citizens like or dislike federal policies often depends on regional differences. Because of geography, (economic) history or other path-dependent factors, certain regions are perceived to get more out of the union than others. We show that citizens, therefore, have a strategic incentive to elect Federal delegates that are more extreme than the representative voter. The intensity of such strategic
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The effect of the earthquake in Central Italy on the depopulation of the affected territories Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-01-31 Davide Dottori
Peripheral and demographically fragile territories could be less resilient to the impact of large natural shocks such as earthquakes, but causal evidence is still limited, in particular for Western Europe. By leveraging data at municipal level, this paper studies the effects on the resident population of a large earthquake that affected a wide area in Central Italy in 2016. The demographic decline
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Optimization of regulation and fiscal policies for urban residential land use and traffic network management Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-01-31 Jiang Qian Ying
Residential land use density regulation is an important policy instrument for reducing the local external diseconomies caused by concentration of population and buildings in urban areas. But density regulation also affects the distribution of population across the whole urban space, which determines the travel demands hence traffic flows over the transportation network in the city. In this paper, we
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Fire protection services and house prices: A regression discontinuity investigation Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-01-24 David M. Brasington, Olivier Parent
Despite its importance as a public good, little research studies how fire protection services affect housing markets or other economic outcomes. We focus on fire levies that are up for renewal so that the timing of the levy is exogenous, to help preserve the independence of votes. We use regression discontinuity to compare the price of houses in fire districts that barely pass and fail to renew a fire
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Editorial Board Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-01-12
Abstract not available
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Root growing and path dependence in location choice: Evidence from Danish refugee placement Regional Science and Urban Economics (IF 2.438) Pub Date : 2024-01-04 Farid Farrokhi, David Jinkins
Does spending time in a location cause a person to stay there longer? We use a 1999 change in Danish refugee settlement policy to address this question. The policy change strongly encouraged refugees to stay in their assigned settlement municipality for at least three years. Using empirical designs for natural experiments, we find that treated refugees were more likely to be in their assigned location
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Does space matter? The case of the housing expenditure cap Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-12-23 Yifan Gong, Charles Ka Yui Leung
In our evaluation of the housing expenditure share cap, a macroprudential policy, we discover the importance of modeling space. In a spatial model, the equilibrium features income-based spatial sorting where a household competes with households of their own income type for residential space. As a result, the cap policy causes a larger drop in housing demand, and consequently a larger reduction in equilibrium
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Residential sorting, local environments, and human capital Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-12-21 Nicolai V. Kuminoff, Sophie M. Mathes
We consider the implications of unifying the distinct literatures on residential sorting and human capital dynamics. We argue that integrating insights from recent work in both areas has important implications for future research at the intersection of environmental and urban economics. To focus attention on these implications, we summarize stylized facts from recent empirical work on residential sorting
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Do cities mitigate or exacerbate environmental damages to health? Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-12-20 David Molitor, Corey White
Do environmental conditions pose greater health risks to individuals living in urban or rural areas? The answer is theoretically ambiguous: while urban areas have traditionally been associated with heightened exposure to environmental pollutants, the economies of scale and density inherent to urban environments offer unique opportunities for mitigating or adapting to these harmful exposures. To make
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The rise of e-commerce and generational consumption inequality: Evidence from COVID-19 in South Korea Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-12-11 Hyunbae Chun, Eunjee Kwon, Dongyun Yang
This paper investigates how the local COVID-19 outbreak, acting as a sudden negative shock to mobility and accessibility, led to a significant generational disparity, with younger people benefiting disproportionately from the ability to transition to online consumption. Employing credit card transaction data linked to cardholders’ demographic characteristics, we construct online spending shares by
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European highway networks, transportation costs, and regional income Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-12-05 Augustin Ignatov
To what extent do highways increase income in the European Union? To answer the question, this paper uses detailed data on the expansion of highways in Europe between 1990 and 2020 combined with time-invariant data on more than 2.3 million roads and 1400 ferry connections. I construct a new network database of highways, roads and ferries depicting a 31-year evolution of the lowest travel times along
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Commuting barriers to low-wage employment Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-12-08 Scott Abrahams, James Mabli
Lack of access to affordable transportation has been hypothesized to be a barrier to employment among low-wage workers. We build a structural job search model to investigate how commuting costs influence the employment decisions of low-wage workers in the United States, and whether differences in commuting by race and education can explain observed disparities in employment. We find that commuting
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The environmental impacts of protected area policy Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-11-28 Mathias Reynaert, Eduardo Souza-Rodrigues, Arthur A. van Benthem
The world has pledged to protect 30 percent of its land and waters by 2030 to halt the rapid deterioration of critical ecosystems. We summarize the state of knowledge about the impacts of protected area policies, with a focus on deforestation and vegetation cover. We discuss critical issues around data and measurement, identify the most commonly-used empirical methods, and summarize empirical evidence
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An economic analysis of United States public transit carbon emissions dynamics Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-11-19 Robert Huang, Matthew E. Kahn
During a time of rising concern about climate change, the urban public transit sector has not significantly reduced its carbon footprint. Using data from the nation's transit agencies over the years 2002–2019, we document that the energy efficiency gains of US public transit lagged the gains of European public transit and the US private transportation. The carbon footprint of a transportation provider
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Editorial Board Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-11-18
Abstract not available
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Monopsony in spatial equilibrium Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-11-16 Matthew E. Kahn, Joseph Tracy
An emerging labor economics literature examines the consequences of firms exercising market power in local labor markets. The extent of this market power is likely to vary across local labor markets. In choosing what local labor market to live and work in, workers tradeoff wages, house prices and local amenities. Building on the Rosen/Roback spatial equilibrium model, we investigate how the existence
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Why are grocery foods taxed in the United States? Theory and spatial evidence from multilevel government interactions Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-11-10 Lingxiao Wang, Yuqing Zheng
Grocery food sales taxes (or grocery taxes) in the United States are applied in the form of a state and/or county tax. To investigate how local governments establish these grocery taxes, we develop a dynamic gaming model to explain the county–county and county–state interactions regarding grocery taxes. Leveraging novel panel data on grocery taxes at county and state levels from 2006 to 2017, we estimate
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Spatial price discrimination with a ‘must-have’ component Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-11-07 John S. Heywood, Qiming Luo, Guangliang Ye
An upstream firm provides a valuable component with either an exclusive or nonexclusive contract to two downstream firms on a horizontal market. The downstream firms engage in either uniform pricing or spatial price discrimination. The component provider is more likely to sign an exclusive contract under discriminatory pricing. Discriminatory pricing generates higher welfare when both pricing methods
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Corrigendum to “Location preferences and slum formation: Evidence from a panel of residence histories” [Reg. Sci. Urban Econ., 97 (November 2022) 103816] Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-10-14 Pablo Celhay, Raimundo Undurraga
Abstract not available
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The economic impact of a casino monopoly: Evidence from Atlantic City Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-10-10 Adam Scavette
Place-based policies and investments are often targeted at areas in economic decline and sometimes take the form of a granted monopoly (e.g., state flagship universities, professional sports franchises, mega events). After New Jersey voters approved legalized gambling as an economic development strategy to revive the blighted seaside resort town, Atlantic City held a regional monopoly on casinos east
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The historical impact of coal on cities Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-10-05 Karen Clay, Joshua Lewis, Edson Severnini
Historically coal has offered both benefits and costs to urban areas. Benefits include coal’s role in fueling industry and thus employment. The primary costs are air pollution and its impact on human health. This paper starts by using a Rosen-Roback style model to examine how differences in local coal availability affect equilibrium city employment. Drawing on the model, the paper surveys papers that
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Estimating the effect of land use regulation on land price: At the kink point of building height limits in Fukuoka Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-10-06 Kentaro Nakajima, Keisuke Takano
This study estimates the effect of land use regulation on land price by exploiting the feature of building height limits of the aviation law in Fukuoka, Japan. The law limits the height of a building that is within 4000 meters of an airport to 54.1 m, but when the distance exceeds 4000 meters, the limits are relaxed. Exploiting this regulation feature, we estimate the effect of the regulation on land
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EU cohesion policy on the ground: Analyzing small-scale effects using satellite data Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-10-04 Julia Bachtrögler-Unger, Mathias Dolls, Carla Krolage, Paul Schüle, Hannes Taubenböck, Matthias Weigand
We present a novel approach to analyze the effects of EU cohesion policy on local economic activity. For all municipalities in the border area of the Czech Republic, Germany, and Poland, we collect project-level data on EU funding in the period between 2007 and 2013. Using night light emission data as a proxy for economic development, we show that receiving a higher amount of EU funding is associated
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Financing local public projects Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-10-03 Levon Barseghyan, Stephen Coate
This paper studies the financing of local public projects. The setting is a community with durable housing, undeveloped land available for new homes, and population turnover. The community invests in a public project that may be financed with a mix of a tax on current residents and a debt issue. The paper shows that financing with a debt–tax mix is equivalent to pure tax finance coupled with a tax
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Measuring the value of rent stabilization and understanding its implications for racial inequality: Evidence from New York City Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-10-03 Ruoyu Chen, Hanchen Jiang, Luis E. Quintero
Amid a renewed interest in rent control due to the housing affordability crisis, the scope and distribution of its benefits remain underexplored. Using methodological innovations, this study quantifies rent discounts for rent-stabilized units in New York City (NYC) from 2002 to 2017. We estimate an average discount of $410 per month. Additionally, we note that these discounts are: (1) not progressively
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An economic analysis of United States public transit carbon emissions dynamics Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-09-23 Robert Huang, Matthew E. Kahn
During a time of rising concern about climate change, the urban public transit sector has not significantly reduced its carbon footprint. Using data from the nation's transit agencies over the years 2002–2019, we document that the energy efficiency gains of United States public transit lagged the gains of European public transit and the domestic private transportation. The carbon footprint of a transportation
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Do municipal mergers reduce the cost of waste management? Evidence from Japan Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-08-26 Jinsong Li, Kenji Takeuchi
This study investigates whether municipal mergers result in lower waste management costs. We develop a novel virtual merging method based on machine learning techniques to compile the data of the control group and estimate the effect of the large-scale consolidation in Japan on the various costs of managing municipal solid waste. We find that these mergers actually led to an increase in the total cost
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Highways and pedestrian deaths in US neighborhoods Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-29 Cody Nehiba, Justin Tyndall
Over 100,000 pedestrians have been struck and killed by vehicles on US roadways in the first two decades of the 21st century, representing an alarming public health issue. We examine the US Interstate Highway System’s legacy in contributing to local pedestrian deaths using historical Interstate Highway plans as an instrument for local Interstate construction. Operating an Interstate through a census
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Capital-skill complementarity and regional inequality: A spatial general equilibrium analysis Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-24 Patrizio Lecca, Damiaan Persyn, Stelios Sakkas
This paper employs a large scale numerical spatial general equilibrium model featuring capital-skill complementarities in production to study the distributional implications of a capital-augmenting technological shift across regions and skills groups. Similarly to the existing literature, we find a negative relationship between the labour income share and the capital labour-ratio. Our counterfactual
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(In)efficient commuting and migration choices: Theory and policy in an urban search model Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-24 Luca Marchiori, Julien Pascal, Olivier Pierrard
We develop an urban search-and-matching model. There is a central city, where all firms and jobs are located, and a continuum of peripheral cities. The population endogenously splits between migrants (who relocate from their hometown to the central city), commuters (who travel every day to work in the central city) and home stayers (who remain in their hometown). We prove that the market equilibrium
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Backward-bending labor supply and urban location Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-18 Takatoshi Tabuchi
This study attempts to combine a labor supply model with a housing location model. We focus on the trade-off between hours of work, commute times, and leisure time as well as the trade-off between the consumption of a good, housing space, and leisure time. We show that both labor supply and urban location choice have an inverted U-shaped relationship regarding the wage rate. These results are empirically
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Spatial price discrimination in a mixed duopoly input market Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-14 John S. Heywood, Zerong Wang, Guangliang Ye
We uniquely examine an upstream mixed duopoly engaging in spatial price discrimination across a continuum of downstream markets. The monopoly firms in those markets face elastic final demand creating double marginalization. The upstream public firm faces a cost disadvantage relative to its private rival that declines as it is partially privatized. We show that the fully public firm improves social
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Does state tax reciprocity affect interstate commuting? Evidence from a natural experiment Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-12
This paper exploits the 2010 dissolution of the personal income tax reciprocity agreement between Minnesota and Wisconsin to estimate how state tax policies affect interstate commuting. This policy shock increased tax liability for some commuters and tax compliance costs for all commuters. Using a synthetic control approach designed for panel data, we compare the interstate commuting behavior of Wisconsinites
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Disparities in COVID-19 risk exposure: Evidence from geolocation data Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-12 Milena Almagro, Joshua Coven, Arpit Gupta, Angelo Orane-Hutchinson
We examine the determinants of COVID-19 risk exposure in the context of the initial wave in New York City. In the first wave of the pandemic, out-of-home activity and household crowding were strongly associated with hospitalization at an individual level. After mass layoffs and shelter in place restrictions, out-of-home mobility decreased in importance for the risk of COVID-19 hospitalization, while
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Editorial Board Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-07
Abstract not available
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Aligning incentives: The effect of mortgage servicing rules on foreclosures and delinquency Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-07-03 Ryan Sandler
Foreclosures have large societal costs, and in many cases are more costly to mortgage-holders than the borrower resuming payments. In 2014, the U.S. Consumer Financial Protection Bureau (CFPB) implemented regulations for mortgage servicers aimed at addressing servicer conduct that may have led to unnecessary foreclosures in the late 2000s. The rule included a new requirement to delay foreclosure until
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The effect of adopting the Next Generation Air Transportation System (NextGen) on air travel performance Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-06-23 Ziyan Chu, Yichen Christy Zhou
The US Federal Aviation Administration (FAA) has implemented a large-scale multi-year infrastructure program called the Next Generation Air Transportation System (NextGen) to improve air transportation efficiency. To assess its efficacy, we estimate how NextGen projects completed between 2014 and 2017 affected air travel time and delays using an event study approach. We find sizable time savings in
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The spillover effect of E-commerce on local retail real estate markets Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-06-12 Jamie Chung
Using retail property transaction data and e-retailers’ fulfillment center openings from 2010 to 2014, we find that e-commerce expansion–measured by e-retailers’ fulfillment center openings–increases retail property values by 5.2% in counties with fulfillment center openings compared to similar counties with no openings. The effect appears in year two following the fulfillment center opening and persists
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Real estate prices and land use regulations: Evidence from the Law of Heights in Bogotá Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-06-12 Diego Buitrago-Mora, Miquel-Àngel Garcia-López
Between 2015 and 2017, the Law of Heights (Policy-562) regulated areas of urban renewal in specific locations of Bogotá (Colombia). Using a novel dataset based on detailed information at the block level between 2008 and 2017, we study whether this policy affected real estate prices. Our empirical strategy compares the price per square meter before and after Policy-562 in treated blocks and in control
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Too-big-to-fail in federations? Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-06-08 Zarko Kalamov, Klaas Staal
We consider jurisdictions of different population size that provide local public goods with positive spillovers. Matching grants can induce optimal expenditure levels, but the regions can exploit the rationale behind this system to induce bailouts. We formalize the too-big-to-fail result of Wildasin (1997) by proving that it exists in a subgame-perfect Nash equilibrium, in which the central government’s
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Refugees welcome? Understanding the regional heterogeneity of anti-refugee hate crime Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-06-08 Horst Entorf, Martin Lange
In this article, we examine anti-refugee hate crime in the wake of the large influx of refugees to Germany in 2014 and 2015. By exploiting institutional features of the assignment of refugees to German regions, we estimate the impact of unexpected and sudden large-scale immigration on hate crime against refugees. Results indicate that it is not simply the size of local refugee inflows which drives
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Effectiveness and supply effects of high-coverage rent control policies Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-06-08 Jordi Jofre-Monseny, Rodrigo Martínez-Mazza, Mariona Segú
Concerns about housing affordability are widespread in cities worldwide, prompting discussions about rent control policies. This paper studies the effects of a rent control policy adopted in Catalonia in 2020 that applied to some but not all municipalities. The policy virtually covered all the rental market and forced ads and tenancy agreements to specify the applicable rent cap to ensure enforcement
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Teleworking and housing demand Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-06-03 Rainer Schulz, Verity Watson, Martin Wersing
The COVID-19 pandemic accelerated the trend towards teleworking. Many predicted that this would shift housing demand to the suburbs and homes with the potential for high quality office space. We examine these predictions using a survey of the working age population who live in the private housing sector. The majority in the sector are happy with their current home, but new teleworkers who plan to continue
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Data sharing and tax enforcement: Evidence from short-term rentals in Denmark Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-05-27 Marcel Garz, Andrea Schneider
Airbnb and other home-sharing platforms have been facing increasing regulation over the past years, mainly in the form of restricting short-term rentals through day caps. In contrast, as one of the first countries in the world, Denmark applied a collaborative strategy: In 2018, the government negotiated an agreement with Airbnb about the transmission of income data from the platform to the tax agency
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Vertical migration externalities Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-05-22 Mark Colas, Emmett Saulnier
State income taxes affect federal income tax revenue by shifting the spatial distribution of households between high- and low-productivity states, thereby changing household incomes and tax payments. We derive an expression for these fiscal externalities of state taxes in terms of estimable statistics. An empirical quantification using American Community Survey data reveals that the externalities range
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Editorial Board Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-05-13
Abstract not available
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A consumer surplus, welfare and profit enhancing strategy for improving urban public transport networks Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-05-02 Jolian McHardy, Michael Reynolds, Stephen Trotter
We show that a novel pricing system can help resolve a series of perennial problems evident in the deregulated British urban public transport market that have impeded urban growth, access equality and environmental ambitions. A two-stage pricing system, with operators setting their multi-operator service ticket prices collusively in one stage and their single-operator ticket prices independently in
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Small things, big impact: The network-mediated spillover effect through a transport connectivity enhancement project Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-04-19 Kecen Jing, Wen-Chi Liao
This study examines a 4.3 km expansion of Singapore's metro transit system. Despite a short line, it better connected existing lines and improved the connectivity levels of numerous stations across the city, as evidenced by connectivity indices. The improvement allowed residents living near those stations to access other places more easily, leading to greater convenience and higher home value in those
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The income consequences of a managed retreat Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-04-06 Thoa Hoang, Ilan Noy
Managed retreat is the relocation of households out of harm's way. After the 2011 Christchurch (New Zealand) earthquake, around 16000 people were thus relocated in a managed retreat program. We use administrative panel data (2004–2018) to identify the effects of this managed retreat on the relocated population. We find that, compared to the non-relocated residents, the relocated population experienced
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Gentrification and retail churn: Theory and evidence Regional Science and Urban Economics (IF 2.438) Pub Date : 2023-04-10 Edward L. Glaeser, Michael Luca, Erica Moszkowski
How does gentrification transform neighborhood retail amenities? This paper presents a model in which gentrification harms incumbent residents by increasing rental costs and by eliminating distinctive local stores. While rising rents can be offset with targeted transfers, the destruction of neighborhood character can – in principle – reduce overall social surplus. Empirically we find that gentrifying