Showing 1 - 10 of 54
We present a theoretical model of residential growth that emphasizes the path-dependent nature of urban sprawl patterns. The model is founded on the monocentric urban economic model and uses a cellular automata (CA) approach to introduce endogenous neighbourhood effects. Households are assumed...
Persistent link: https://www.econbiz.de/10005008421
When environmental externalities are international — i.e. transfrontier — they most often are multilateral and embody public good characteristics. Improving upon inefficient laissez-faire equilibria requires voluntary cooperation for which the game-theoretic core concept provides optimal...
Persistent link: https://www.econbiz.de/10005042783
This paper deals with a a cooperative game theoretic analysis of the economics of international agreements on climate change. To cope with the question of the voluntary implementation of the international optimum, a financial transfer scheme is proposed under which no countries nor subgroup...
Persistent link: https://www.econbiz.de/10005043662
Using Belgian microdata, we assess the impact, on a hedonic regression, of the distortions arising from the choice of either a specific zoning system or the delineation of the study area. We also evaluate the biases that arise when spatial effects are not accounted for. Given that the dependent...
Persistent link: https://www.econbiz.de/10010927668
A residential location model derived from urban economics is combined with the geometry of a multifractal Sierpinski carpet to represent and model a metropolitan area. This area is made up of a system of built-up patches hierarchically organised around a city centre, and green areas arranged in...
Persistent link: https://www.econbiz.de/10008550207
This study is devoted to studying households' decisions about moving and about whether to rent or own after moving. It employs dynamic discrete choice models which condition households' decisions on their circumstances at every point in time during the length of the observation while accounting...
Persistent link: https://www.econbiz.de/10005065360
In this paper, we study social interactions between two populations of individuals living in a city. Agents consume land and benefit from intra- and inter-group social interactions. We show that in equilibrium segregation arises: populations get separated in distinct spatial neighborhoods. Two-...
Persistent link: https://www.econbiz.de/10010662655
In this paper I develop an empirical framework to estimate the role of agglomeration externalities, especially those stemming from input-output linkages, in the location process of US manufacturing plants. Furthermore, drawing on the model of Holmesand Stevens (2004b), I propose a way to...
Persistent link: https://www.econbiz.de/10005043360
We consider in this paper overlapping generations economies with pollution resulting from both consumption and production. The competitive equilibrium steady state is compared to the optimal steady state from the social planner's viewpoint. We show that the dynamical inefficiency of competitive...
Persistent link: https://www.econbiz.de/10010610458
This article presents an analysis of the behavior of countries defining their climate policies in an uncertain context. The analysis is made using the S-CWS model, a stochastic version of an integrated assessment growth model. The model includes a stochastic definition of the climate sensitivity...
Persistent link: https://www.econbiz.de/10008836119