Ahlfeldt, Gabriel M.; Nitsch, Volker; Wendland, Nicolai - 2019 - Version: September, 2019
For a complete cost-benefit analysis of durable infrastructures, it is important to understand how the value of non-market goods such as transit time and environmental quality changes as incomes rise in the long-run. We use difference-in-differences and spatial differencing to estimate the land...
