Showing 1 - 10 of 162
Modern central business districts are characterised by high-rise office buildings. Helsley and Strange (2008) argue that skyscrapers are caused by agglomeration economies and a prize for being the tallest, so a reputation effect. We aim to test the relevance of this model by investigating the...
Persistent link: https://www.econbiz.de/10011126103
Professor Tetsuro Nakaoka, formerly of Osaka University, and now of the Faculty of Management, Osaka University of Economics, gave a seminar on Japanese industrial development at the Suntory-Toyota Centre during 1992. Although it was not possible to publish that paper as a STICERD discussion...
Persistent link: https://www.econbiz.de/10010745230
As the first to use an archival data set on historical land values in Berlin, Germany, from 1890 to 1936, we investigate the impact of the rapid transport system on urban decentralization, using comparative statics of classical rent theory as a benchmark. We find that the monocentric model...
Persistent link: https://www.econbiz.de/10010745642
Rocketing rents in urban areas are likely explained by agglomeration economies. This paper measures the impact of these external economies on commercial property values using unique micro�]data on commercial rents and employment. A measure of agglomeration is employed that is continuous over...
Persistent link: https://www.econbiz.de/10011125953
We assess the extent to which firms in an environment of decreasing transport costs and industrial transformation value the benefits of proximity to a historic CBD and agglomeration economies in their location decisions. Taking a hybrid perspective of classical bid-rent theory and a world where...
Persistent link: https://www.econbiz.de/10011126042
is determined by the market structure chosen to endogenise the divergence. The magnitude of the subsidy in all models is …
Persistent link: https://www.econbiz.de/10010884498
services decline in price and as customers and producers engage in new market relationships. Following this line of argument … market competition that fully protects the interests of all consumers and citizens. In fact, empirical evidence suggests that … dynamics of tension between abundance and scarcity in the market place. …
Persistent link: https://www.econbiz.de/10010884499
In this paper we introduce an analytic-interactive mediation approach to facilitate conflict resolution in collective bargaining. Based on field observations of labor-management negotiations in the German railway industry, we develop an approach which combines human mediation with IT-based...
Persistent link: https://www.econbiz.de/10010884564
Persistent link: https://www.econbiz.de/10010884595
We study market efficiency in an infinite-horizon model with a monopolistic insider. The insider can trade with a … competitive market maker and noise traders, and observes privately the expected growth rate of asset dividends. In the absence of … chooses, however, to reveal the information very quickly, within a time converging to zero as the market approaches continuous …
Persistent link: https://www.econbiz.de/10010928737