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The Making of the Modern Metropolis : Evidence from London

Heblich, Stephan - 2018

Using newly-constructed spatially-disaggregated data for London from 1801-1921, we show that the invention of the steam railway led to the first large-scale separation of workplace and residence. We show that a class of quantitative urban models is remarkably successful in explaining this...

Persistent link: https://www.econbiz.de/10012911089

Demand Analysis Using Strategic Reports : An Application to a School Choice Mechanism

Agarwal, Nikhil - 2014

Several school districts use assignment systems that give students an incentive to misrepresent their preferences. We find evidence consistent with strategic behavior in Cambridge. Such strategizing can complicate preference analysis. This paper develops empirical methods for studying random...

Persistent link: https://www.econbiz.de/10013039757

Skill Premium and Trade Puzzles : A Solution Linking Production and Preferences

Caron, Justin - 2012

investigation into the relationship between a good's factor intensity in production and its income elasticity of demand in … and income elasticity of demand for several types of preferences, with and without accounting for trade costs and …

Persistent link: https://www.econbiz.de/10013105464

Fatal Errors : The Mortality Value of Accurate Weather Forecasts

Shrader, Jeffrey; Bakkensen, Laura; Lemoine, Derek - 2023

We provide the first revealed preference estimates of the benefits of routine weather forecasts. The benefits come from how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce mortality if and only if mortality risk is convex in...

Persistent link: https://www.econbiz.de/10014347542

Neural Activity Reveals Preferences Without Choices

Smith, Alec - 2013

We investigate the feasibility of inferring the choices people would make (if given the opportunity) based on their neural responses to the pertinent prospects when they are not engaged in actual decision making. The ability to make such inferences is of potential value when choice data are...

Persistent link: https://www.econbiz.de/10013078307

The Subprime Crisis and House Price Appreciation

Goetzmann, William N. - 2009

-loan collateral values may have affected both the demand and the supply of mortgages. Standard time series models using repeat … the loan level substantiates both supply and demand effects of past price trends in housing markets, particularly with …

Persistent link: https://www.econbiz.de/10013156426

Demand Modeling, Forecasting, and Counterfactuals, Part I

Pathak, Parag A. - 2014

discrete choice models of demand compared to simpler alternatives. In 2013, Boston Public Schools (BPS) proposed alternative …. Pathak and Shi (2013) estimated discrete choice models of demand using families' historical choices and these demand models … of discrete choice models of demand in our context …

Persistent link: https://www.econbiz.de/10013059907

Predicting Insurance Demand from Risk Attitudes

Jaspersen, Johannes G.; Ragin, Marc A.; Sydnor, Justin R. - 2022

Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we …

Persistent link: https://www.econbiz.de/10013312498

Consumption Demand

Attanasio, Orazio P. - 2021

Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have constituted the main analytical tools to the study of consumption behavior, both at the micro and at the aggregate levels. Since the late 1970s the literature has focused on versions...

Persistent link: https://www.econbiz.de/10013244108

Precautionary Hoarding of Liquidity and Inter-Bank Markets : Evidence from the Sub-Prime Crisis

Acharya, Viral V. - 2010

We study the liquidity demand of large settlement banks in the UK and its effect on the Sterling Money Markets before … amount of payment activity and more so for weaker banks. We establish that the liquidity demand by settlement banks caused …

Persistent link: https://www.econbiz.de/10013137765