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This paper considers a first-order autoregressive panel data model with individual-specific effects and a heterogeneous autoregressive coefficient. It proposes estimators for the moments of the cross-sectional distribution of the autoregressive coefficients, with a focus on the first two...
Persistent link: https://www.econbiz.de/10014347822
theory is kept general to cover a wide range of settings. We note the estimation theory developed by Kelejian and Prucha …
Persistent link: https://www.econbiz.de/10010264476
In this paper we specify a linear Cliff and Ord-type spatial model. The model allows for spatial lags in the dependent variable, the exogenous variables, and disturbances. The innovations in the disturbance process are assumed to be heteroskedastic with an unknown form. We formulate a multi-step...
Persistent link: https://www.econbiz.de/10010264508
jointly addresses spatial autocorrelation of the dependent variable and splits the sample according to the non-linearity in …
Persistent link: https://www.econbiz.de/10012838244
. First, we explore the role of commuting for local labor markets and their capacity to absorb productivity shocks. Second, we … address the role of housing markets for quantitative analyses. Germany is an exciting laboratory because commuting across …
Persistent link: https://www.econbiz.de/10013219058
. The profound change in urban mobility patterns supports the often-held view that reducing the number of commuting trips … their location in the long run toward longer commuting trips, but cheaper housing, implying an adjustment in the real … commuting trip length …
Persistent link: https://www.econbiz.de/10013323872
In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following …
Persistent link: https://www.econbiz.de/10010264538
In downtown areas, what proportion of curbside should be allocated to parking? In contrast to most previous work on the economics of parking, this paper focuses on optimal curbside parking capacity in both first-best (where pricing is efficient) and second-best (where pricing is inefficient)...
Persistent link: https://www.econbiz.de/10010291495
We study a simple model of commuting subsidies with two transport modes. City residents choose where to live and which …
Persistent link: https://www.econbiz.de/10010264111
This paper analyzes subsidies for intracity and intercity commuting in an urban economics framework with two cities and … agglomeration externalities, where workers may commute within and between cities. First, commuting subsidies serve to internalize … agglomeration externalities: Intracity commuting subsidies give incentives to move to the larger city and intercity commuting …
Persistent link: https://www.econbiz.de/10010264377