Proximity to water is appreciated by households. Hedonic analyses that try to measure the value of this amenity are potentially biased by omitted variables as locations close to the water may be selected by households with higher incomes who construct more luxury houses. Since it is difficult to...

Numerous attempts have been made to evaluate economic impacts by climate change, and the evaluation method can be classified into two approaches. One is a partial equilibrium approach and the other is a general equilibrium approach. The former method includes a travel cost method (TCM) and a...

Main purpose of this study is to evaluate the lost benefits of tourism by harmful rumors or misinformation proceeded from Higashi Nihon Daishinsai, literally Eastern Japan Great Earthquake Disaster on 11 March 2011. Its great earthquake disaster has done a lot of damages to many people,...

This paper proposes the consistent method with general equilibrium models to measure use value and non-use value of large-scale change in environmental quality. First, we develop a general equilibrium model that parameters of the utility function with environmental quality as a dependent...

We study neighbourhood externalities caused by large public investments in poor neighbourhoods. A stylised theory of a linear city is proposed to guide interpretation of the magnitude and attenuation of the external effects generated by these public investments. We use a large Dutch nationwide...

In recent years the EU has intensified economic and institutional integration with its neighbouring countries, though with different intensity. Some countries have become EU members, some are candidate for membership and some others are part of the European Neighbouring Policy. In this scenario...

This paper describes the determinants of FDI location among Italian provinces, focusing on the role of market potential (in terms of market access to Mediterranean and European countries) and institutions (presence of Mafia-type crime, corruption of public officers, inefficiency of the labour...

The economic crisis in Greece has affected almost all sectors of economy and the great majority of households. Its effects in trade and commerce activities are visible by the obvious transformation of down-town Athens city centre. This transformation includes a great number of closing business...

New firms are important for creating employment opportunities and economic growth. Thus, regions often encourage policies to attract new firms. However, the determinants of new firm formation, such as human capital, personal income, infrastructure, and cultural diversity, are uneven across...

Knowledge based firms like IT companies do neither have a capital- nor a land intensive production. They predominantly rely on qualified labour and increasingly depend on the location of its (potential) employees. This would imply that firms follow its workers and not the other way around....