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We study social learning in a social network setting where agents receive independent noisy signals about the truth. Agents naïvely update beliefs by repeatedly taking weighted averages of neighbors' opinions. The weights are fixed in the sense of representing average frequency and intensity of...
Persistent link: https://www.econbiz.de/10011801379
A hedonic pricing model is estimated to analyse the impact of railways on house prices in terms of distance to railway station, frequency of railway services and distance to the railway line. Correcting for a wide range of other determinants of house prices we find that dwellings very close to a...
Persistent link: https://www.econbiz.de/10011348700
We analyse the economic impacts of place-based policies that aim to enhance economic development by stimulating growth and productivity of firms in designated areas. We use unique panel data from China with information on manufacturing firms’ production factors, productivity and location, and...
Persistent link: https://www.econbiz.de/10011446894
Highway construction occurs nowadays mainly through widening of existing roads rather than building new roads. This paper documents that highway widenings considerably reduce congestion in the short run, defined here as 6 years. Using longitudinal microdata from highway detector loops in the...
Persistent link: https://www.econbiz.de/10012817015
Persistent link: https://www.econbiz.de/10010191264
This paperinvestigates the duration of housing construction projects in the Netherlands. We utilize comprehensive data from the Dutch Land Registry for the period 2013-2022 to investigate the importance of municipal land ownership, building plot price changes, construction costs, development...
Persistent link: https://www.econbiz.de/10014457879
Persistent link: https://www.econbiz.de/10009723029
geographically clustered business activities, in order to stimulate regional innovation. Underlying the relation between clusters and … collaborate intensively, many regional clusters are mere co-locations of firms. To enhance our understanding of why some clusters … clusters. More specifically we look at the effect of cluster characteristics such as number of start-up firms, established …
Persistent link: https://www.econbiz.de/10011373821
I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...
Persistent link: https://www.econbiz.de/10011334833
Many networks such as the Internet have been found to possess scale-free and small-world network properties reflected by so-called power law distributions. Scale-free properties evolve in large complex networks through self-organizing processes and more specifically, preferential attachment. New...
Persistent link: https://www.econbiz.de/10011337985