A simultaneous discrete and continuous random utility model for housing demand is presented. Household utility depends on three characteristics of hou sing: a discrete number of bedrooms and continuous measures of hous-i ng quality and distance to the central business district. Empirical r...

This paper demonstrates that recent attempts to explain manufacturing shifts to nonmetropolitan areas can be synthesised into a capital vintage model of production. The result is a set of systematic differences between urban and rural production methods which are consistent with the locational...

Okun's Law is estimated for 26 states in the United States. An average of 3.1 percentage points of additional state-level output growth is found to be required for each percentage point reduction in a state's unemployment rate. Interstate differences in industrial mix, the age and gender...