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The hospital competition literature demonstrates that estimates of the effect of local market structure on competition are sensitive to geographic market definition. Our spatial lag approach effects smoothing of the explanatory variables across the discrete market boundaries. This approach...
Persistent link: https://www.econbiz.de/10010538368
Abstract An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This requires estimates of the potential benefits or positive welfare effects that may follow from...
Persistent link: https://www.econbiz.de/10008691544
This note implements a novel approach to formalizing spatial externalities by employing spatial econometric methods that combine spatial dependence in the form of spatial autoregressive processes and spatial heterogeneity in the form of spatial regimes. The results confirm earlier findings that...
Persistent link: https://www.econbiz.de/10005758189