In this paper we investigate the herding behaviour of the Bucharest Stock Exchange (BSE), using log periodic power laws models. By analysing the behaviour of the most speculative index from the Bucharest Stock Exchange, the BET-FI, we are able to demonstrate that Log-Periodic Power Law (LPPL)...

This paper discusses a number of issues centred around the evaluation of the benefits and costs of transport. It is argued that, for various reasons, transport cannot be treated as an ‘ordinary’ economic sector, and in the paper the policy implications of a number of the sector’s...

Innovation research has become an important topic in regional science analysis. Yet the modelling base of much innovation research is still feeble. This paper aims to map out the research potential of recent approaches in quantitative complexity analysis, in particular Neural Networks (NNs)...

Since 1990, Central and East European economies have experienced increasing integration with the European Union via trade and direct foreign investments. The spatial implications of this process have not been investigated in-depth so far. Have patterns of regional specialization changed over the...

The location patterns of modern firms appear to exhibit floating patternswith a tendency towards footlooseness. The spatial-economic dynamics - sometimes across teh border - of firms is encapsulated in the term 'nomadic firms'. This paper adresses the issue of nomadic behaviour of firms against...

This paper presents a framework for analysing spatial aspects of environmental policies in the regulation of trans-boundary externalities. A spatial price equilibrium model for two regions is constructed, where interactions between these regions can occur via trade and transport, via mutual...

In a liberalized aviation market airports in a multiple airport region will have to compete with substitute airports for origin / destination passengers (and also transfer passengers). Passengers have to take a number of decisions; the have to choose airports, airlines and airport access modes...

The present paper investigates the choice of route network, frequencies and ticket prices in air transport networks served by oligopolists. The paper describes these choices in a simple airline network by means of a simulation model. Airline competition is modeled as a 2 stage game: airlines...

As is well known housing has a unique set of characteristics which interact to cause the operation of the housing market to be significantly different from that of other markets. On the demand side individuals have to search for vacancies and its characteristics. Due to the high dimensionality...

In recent years urban economists have focused their attention upon a 'newly recognized' phenomenon: edge cities. Such an urban growth pattern, although having its primary roots in the United States, can be an appropriate framework for examining European trends of urban industrial location. The...