This article is an empirical study of residential land values in the vicinity of the TransMilenio system (Bus Rapid Transit, BRT) in Bogota´ (Colombia). The results have been established through impact evaluation by means of nonparameteric approaches (Propensity Score Matching, PSM) and...

The aim of this study is to analyze and compare the results from Propensity Score Matching (PSM) and Spatial Hedonic Prices (SHP) methodologies estimating value fluctuations on residential proprieties in Bogotá (Colombia). Specifically, this study examines value fluctuations on residential...

Resumen: El objetivo principal de este estudio consiste en analizar y comparar los resultados obtenidos mediantes Propensity Score Matching y un modelo de precios hedónico espaciales para estimar el cambio en el valor de la propiedad en Bogotá, cuando un predio se encuentra ubicado cerca a una...

A product is called technically inefficient when it has higher price and/or lower quality than others. Technical inefficiency of product has been conceptualized since Lancaster (1966), and empirically measured by many researchers, for example, Fernandez-Castro and Smith (2002) and Lee et al....

El presente trabajo analiza el empleo del ferrocarril por parte de las empresas gallegas que transaccionan con operadores del Norte de Portugal. Demostramos el uso residual de dicha infraestructura (0,01% de las transacciones totales) frente al empleo masivo del camión, determinamos factores...

This study extends a test for the presence of binding zoning, originally developed to be applied across many adjacent jurisdictions, so that it can be applied within a single jurisdiction. This study also demonstrates how to carry out this test in the presence of spatially correlated OLS...

This paper shows how to cope with a problem of model selection and simplification using the principle of coherence (Gabriel (1969): A procedure involving testing a set of models ought not accept a model while rejecting a more general model). The mathematical lattice theory is used to define a...

This paper shows how to cope with a problem of model selection and simplification using the principle of coherence (Gabriel (1969): A procedure involving testing a set of models ought not accept a model while rejecting a more general model). The mathematical lattice theory is used to define a...

In this paper I investigate response bias in survey data on annual driving mileage and evaluate the performance of a proposed remedy, Orbit. Individuals systematically exaggerate their deviation from the sample average, and using the self-reported data leads to misleading estimates of the income...

La pregunta básica de investigación detrás de este trabajo es cómo difiere la valoración económica de un bien ambiental considerando beneficiarios circundantes(quienes viven cerca del bien en cuestión) y no circundantes (quienes habitando el país donde se encuentra el bien, viven en...