Showing 1 - 10 of 15
We introduce social interactions into the Schelling model of residential choice. These social interactions take the form of a Prisoner's Dilemma game played with neighbors. First, we study the Schelling model over a wide range of utility functions and then proceed to study a spatial Prisoner's...
Persistent link: https://www.econbiz.de/10005519052
Midtown Manhattan is the largest business district in the country. Yet only a few miles to the south is another district centered at Wall Street. This paper aims to understand when and why midtown emerged. We have created a new data set from historical New York City directories that provide the...
Persistent link: https://www.econbiz.de/10010787832
Skyscrapers in Manhattan need to be anchored to bedrock to prevent (possibly uneven) settling. This can potentially increase construction costs if the bedrock lies deep below the surface. The conventional wisdom holds that Manhattan developed two business centers--downtown and midtown--because...
Persistent link: https://www.econbiz.de/10008479708
This paper studies the distribution of teacher quality measures across the New York City school system. Both school-based and neighborhood-based effects are measured; and both types of variables significantly affect the distribution of teacher quality. Schools that are more likely to be in need of...
Persistent link: https://www.econbiz.de/10005519047
This paper investigates the determinants of skyscraper building cycles in Manhattan from 1895 to 2004. We first provide a simple model of the market for tall buildings. Then we empirically estimate the determinants of the time series of the number of skyscraper completions and their average...
Persistent link: https://www.econbiz.de/10005519050
The purpose of this chapter is two-fold: (1) to make the case that a standard backward propagation artificial neural network (ANN) can be used as a general model of the information processing activities of the firm, and (2) to present a synthesis of Barr and Saraceno (BS) (2002, 2004, 2005), who...
Persistent link: https://www.econbiz.de/10005519051
This paper investigates the relationship between environmental complexity and firm organization. We ask: Given the complexity of the environment, which organizational structure and level of decision making authority optimizes performance of a firm? We assume the information processing...
Persistent link: https://www.econbiz.de/10005519054
This paper investigates the determinants of skyscraper height. First a simple model is provided where potential developers desire not only profits but also status, as measured by their rank in the height hierarchy. The optimal height in equilibrium is a function of the cost and benefits of...
Persistent link: https://www.econbiz.de/10005519059
In this paper we present a generalization of power indices which includes the preferences of the voters. Using a Multilinear Extension perspective (Owen, 1972a) we measure the probability of the players' voting 'yes' for a particular political issue. Further, we randomize the issues and show the...
Persistent link: https://www.econbiz.de/10005519061
We study the dynamics of firm size in a repeated Cournot game with unkown demand function. We model the firm as a type of artificial neural network. Each period it must learn to map environmental signals to both demand parameters and its rival's output choice. But this learning game is in the...
Persistent link: https://www.econbiz.de/10005519062