This paper focuses on the emergence of Krakow's historic core as the city's economic center after Poland's economic reforms of 1989-reforms that introduced market forces into land markets. Using a semiparametric approach to identify pricing centers, an evolving and polycentric price surface is...

In contrast to the rigid structure of standard parametric hedonic analysis, nonparametric estimators control for misspecified spatial effects while using highly flexible functional forms. Despite these advantages, nonparametric procedures are still not used extensively for spatial data analysis...

type="main" <title type="main">ABSTRACT</title> <p>Most research on the art market focuses on the high end, composed of auction houses and a few well-known dealers. In this paper, we use a new database to examine the industry structure and location patterns of the New York art market, which consists largely of small,...</p>