purely region/local market specific attributes. Second, we extend the estimation of the demand side and partly use it as … to instrument station density, used in classical price estimation models, (partly) with demand factors. We find that …The theory of geographical markets is based on the notion that economic activity is not evenly spread and regional …

The paper analyses disparities in local education expenditures at the settlement and school level n Hungary. It is … school expenditures, especially in towns. This lack of fiscal neutrality implies that settlements with a higher share of … share of poor children in a school, the lower are per capita expenditures on average. Though the magnitude of the effect is …