The market for commercial properties is characterised by extreme heterogeneity in demand. In this paper, we aim to gain more insight in the heterogeneity in demand for employment agglomeration and size of the rental property using a two-stage hedonic approach following Bajari and Benkard (2005)....

With the tremendous growth of research in industrial agglomeration has come increased complexity in the construction of a `better' measure of agglomeration. The research presented here tests the properties of commonly used agglomeration indices through a series of simulations. Results suggest...

Inference for estimates of treatment effects with clustered data requires great care when treatment is assigned at the group level. This is true for both pure treatment models and difference-in-differences regressions. Even when the number of clusters is quite large, cluster-robust standard...