Supply subsidies to owners of rental housing construction are typically aimed at increasing the overall size of the housing stock or at guaranteeing affordable housing for low-income households. This paper studies whether and how much the tenants of social housing units benefit from this...

Mobile technology and services have developed dramatically over the past decades, with mobile operators' competing commercial offers providing a wide menu of service packages with varied quality and quantity characteristics. The prices of these commercial offers do not directly reflect the...

This study examines the changes in consumer prices within the fixed broadband market in Hungary between 2020 and 2022, a period marked by unprecedented market consolidation. Leveraging a hedonic price regression methodology, we inspect price changes in the context of internet service provider...

Most analyses of the recent financial crisis in the US focus on the consequences of the dramatic slump in housing prices that started in the mid-2000s, which led to rising mortgage defaults, shrinking home equity credit and liquidity in the banking system. Yet these accounts do not explain what...

How have house prices evolved in the long-run? This paper presents, for the first time, annual house prices for 14 advanced economies since 1870. Based on extensive data collection, we show that the past decades have seen a historically unprecedented boom in global house prices. Real house...

The focus of the paper is on evaluating the productivity gap between rural and urban locations in the UK using micro data. We build a structural model of the unobservable productivity emphasising the link between productivity and spatial density of economic activity and adapt the semi-parametric...

Regional politicians regard the cluster concept as a key factor for promoting regional economic performance. They refer to a comprehensive set of theoretical and empirical literature which provides the clusters' positive impact on regional development. Recent studies dealing with that topic...

The presence of universities in a region has been found to be an important factor for regional economic growth. In search for the specific explanations of this phenomenon, the connection between universities and locally based entrepreneurship has attracted considerable attention. We investigate...

Ellison and Glaeser's (1997) index of geographical concentration distinguishes between natural advantages and spillovers as a source of industrial agglomeration, but the well-known 'observational equivalence' means little is known about the relative importance of these. This paper uses the...

The importance of entrepreneurship as a driving force in the economic development has been widely recognised. Respectively, a growing number of empirical studies have focused on explaining variation in entrepreneurial activity at various spatial levels with the majority of them taking either a...