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We develop and estimate a structural model of charter school entry. In this model, charter schools offer an alternative to neighborhood public schools. In the model’s first stage, the potential entrant chooses his/her physical location and characteristics based on the perceived opportunities...
Persistent link: https://www.econbiz.de/10011081282
We consider the problem of integrating spatial amenities into locational equilibrium models with multiple jurisdictions. We provide sufficient conditions under which models that assume a single housing price in each community continue to apply in the presence of location-specific amenities that...
Persistent link: https://www.econbiz.de/10008576680
Dating to the classic works of Alonso, Mills, and Muth, the production function for housing has played a central role in urban economics and local public finance. This paper provides a new flexible approach for estimating the housing production function which treats housing quantities and prices...
Persistent link: https://www.econbiz.de/10008542964
There exists significant dispersion in output prices between firms in many industries. As a consequence the value of output is not necessarily a good measure of the quantity of output. Estimation of production functions for these types of goods is thus challenging if quantities and prices of...
Persistent link: https://www.econbiz.de/10005090789
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