Showing 1 - 7 of 7
Previous studies on traffic congestion have emphasized supply-side instruments, such as the expansion of road capacity and improving the management of traffic. However, researchers on transportation have identified several paradoxes in which the usual remedy for congestion-expanding the road...
Persistent link: https://www.econbiz.de/10011867063
Zipf's law has two striking regularities: excellent fit and an exponent close to 1.0. When the exponent equals 1.0, Zipf's law collapses into the rank-size rule. This paper alters the sample size, the truncation point, and the mix of cities in the sample to analyze the Zipf exponent. Our results...
Persistent link: https://www.econbiz.de/10011867102
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Following the weak axiom of revealed preference (WARP), developed by Varian, a money-metric expenditure function is derived for a CES utility function in this paper. Using the US aggregate data on consumption used by Varian, the money-metric expenditure function is estimated to calculate an...
Persistent link: https://www.econbiz.de/10005435456
The assumption thaturban workers economize on commuting is implicit in urban economic theory. Yet it has been challenged by some recent studies. This study estimates commute flows implied by three urban density functions: monocentric, polycentric, and dispersive. A polycentric density function...
Persistent link: https://www.econbiz.de/10009277485
This study examines the relationship between home buyers' characteristics and selling prices. Using survey on home buyers and the 1990 Multiple Listing Service data on single-family housing transactions in the Reno-Sparks area in Nevada, this study finds that home buyers play a significant role...
Persistent link: https://www.econbiz.de/10005629262