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A model of a monocentric city with traffic congestion is specified and calibrated to metropolitan Chicago for 1956. The computations suggest that the market allocation of households to locations (i.e., rings) differed from an efficient location pattern. In 1956 the Chicago CBD had employment of...
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We use a matching procedure to construct three commercial real estate indices (office, shop and multiple-user factory) in Singapore using transaction sales from 1995Q1 to 2010Q4. The matching approach is less restrictive than the repeat sales estimator, which is restricted to properties sold at...
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