This paper provides a model for the well-known empirical phenomenon that houses of different quality experience different price developments. The typical pattern is that luxury houses appreciate more in boom periods and depreciate more during busts. The standard model of housing demand treats...

This paper assesses the impact of Canada's air transportation policy on air accessibility of remote and arctic communities in a context of liberalization of the aviation industry. The central objective is to examine policy's impact on essential air service - travel and shipment. An observational...

The spatial distribution of employment in service industries is compared for Spain and Canada for nine (9) industry classes. The empirical and theoretical literature on modern services stresses the importance of agglomeration economies for high-order services. The relationship between city-size...