This paper employs panel data on 413 counties and cities over 2004-2009 to investigate the local supply of new single …

housing supply and the income elasticity of prices, as well as bubble size and duration. The long-term elasticity of house …-term income elasticity generally is greater in the more supply-inelastic metropolitan areas, and we show that bubble size and … duration are inversely related to supply elasticity. Also short-term momentum and reversion dynamics show substantial spatial …

Earlier studies estimating the demand for local public services by means of the median voter model have typically … assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand … rationalised by a Cobb-Douglas utility function. This implies that the log-linear specification of the demand function is valid as …

Earlier studies estimating the demand for local public services by means of the median voter model have typically … assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand … rationalised by a Cobb-Douglas utility function. This implies that the log-linear specification of the demand function is valid as …