The concept of neighbourhood has been analyzed in many disciplines but there is little consensus on what constitutes a neighbourhood. The theoretical literature in housing economics suggests that neighbourhood characteristics are important in determining the value of a housing unit. Thus, to...

In this paper, we study the effects of consumer information on equilibrium market prices and observable product quality in the market for child care. Child care markets offer a unique opportunity to study these effects because of the existence of resource and referral agencies (R&Rs) in some...