Although numerous studies investigate how student achievement is impacted by educational vouchers and charter schools, there appears to be no research on how school choice programs impact the surrounding environment. This study examines residential relocation of families whose children attend a...

The paper examines spatial mismatch using confidential longitudinal employment data. Its purpose is to increase our understanding of the implications of spatial barriers to access to low-wage work in U.S. metropolitan areas. A central assumption of the spatial mismatch literature is that...

This paper provides a formal analysis on a well-known issue of the housing market observable transaction prices are a biased indication of the true market condition if significant numbers of listed properties are delisted without sale. We provide a closed-form formula to identify and correct...

This research examines housing market price efficiency across locations within a metropolitan market the hallmark of hedonic theory. Our innovation is to introduce temporal as well as spatial considerations of price efficiency. In an efficient market, the price (level) of housing must not only...

Spatial dependence is often seen as a problem in econometrics rather than economics. This study seeks to find an economic explanation for spatially correlated real estate prices. We posit spatial dependence as a process to discover price information from nearby property transactions. Weaker...