Showing 1 - 10 of 1,832
This paper develops a unified framework for fixed and random effects estimation of higher-order spatial autoregressive panel data models with spatial autoregressive disturbances and heteroskedasticity of unknown form in the idiosyncratic error component. We derive the moment conditions and...
Persistent link: https://www.econbiz.de/10013051285
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/10012768262
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/10012768815
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/10013087274
In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following …
Persistent link: https://www.econbiz.de/10013316409
We examine the effects of differences in income tax rates on commuting times within multi-state MSAs. Our theoretical … holding fixed other characteristics. We identify large effects on commuting times for affluent households and homeowners in …
Persistent link: https://www.econbiz.de/10013051277
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/10013316519
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/10013317089
This paper conducts a broad-based comparison of iterated and direct multi-step forecasting approaches applied to both univariate and multivariate models. Theoretical results and Monte Carlo simulations suggest that iterated forecasts dominate direct forecasts when estimation error is a...
Persistent link: https://www.econbiz.de/10012756285
Pricing greenhouse gases is widely understood as the most efficient approach for mitigating climate change, yet distributional effects hamper political acceptance. These distributional effects are especially important in transport, the fastest growing sector for greenhouse gas emissions. Using...
Persistent link: https://www.econbiz.de/10012927740