Policy research analysing Europe's recent focus on place-based development (Barca, 2009) and the regional smart specialisation perspective (McCann and Ortega-Argilés 2011) has been hampered by data deficiencies. This is particularly the case for empirical evidence on interregional relations...

Traffic congestion contributes to longer travel times and increased travel time variability. We account for the dynamic nature of travellers' choices, by deriving a closed-form solution for the costs of travel time variability. The resulting travel delay cost function is linear in the mean...

This paper introduces Information Theoretic - based methods for estimating a target variable in a set of small geographical areas, by exploring spatially heterogeneous relationships at the disaggregate level. Controlling for spatial effects means introducing models whereby the assumption is that...

The entropic value of the production risk is closely linked to the farmer's aversion to this type of risk. Since risk aversion is difficult to quantify, it is preferable to use the MaxEnt model as a quantitative benchmark in assessing and covering the production risk through adequate financial...