This paper employs Vector Autoregression (VAR) models to measure the impact of monetary policy shocks on regional output in Indonesia. Having incorporated a possible structural break following the aftermath of the 1997-98 Asian Crisis, the impulse response functions derived from the estimated...

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)....

In the present study we carry out an analysis of speed fluctuations as a determinant of the quality of public transport. We do this by focusing on a special cause of unreliability: variations in weather conditions. We use hourly measured weather conditions. The panel data results imply that snow...

This paper presents a method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for mixed logit...

The literature on car cruising is dominated by theory. This is the first article thatexamines cruising for parking using a nation-wide random sample of car trips. We excludeemployer-provided and residential parking. We demonstrate that cruising time is, on average, 36seconds per car trip. Car...

In this paper we investigate the effects of new railway stations on house prices using an extensive repeated sales dataset over a period of 13 years. We employ semiparametric panel data techniques allowing for anticipation effects of station openings. We show that a kilometre reduction in...

Using a dynamic approach, employing data on job mobility, we demonstrate that university workers' marginal willingness to pay for reducing commuting distance is about euro 0.25 per kilometre travelled. This corresponds to a marginal willingness to pay for reducing commuting time of about 75% of...

This paper offers a quantitative contribution to energy-environment policy in Japan in the aftermath of the Fukushima nuclear power accident. Since then, nuclear power energy supply has almost entirely been banned .There is no clear-cut direction for energy policy, as each option involves costs...

This paper exploits micro firm level data to examine the impact of spatial clustering and links to foreign buyer networks on firm performance in the wood furniture industry in Central Java, Indonesia. The analysis is based on an annual manufacturing survey. We identify the impact of...

This paper analyzes the impact of the Indian Ocean Tsunami in 2004 and the Nias earthquake in 2005 on population dynamic across regions in Aceh and North Sumatera. We find no evidence that the disasters affected the regularity of size-distribution of the regions. The estimates of a population...