In the process of economic development, governments often expropriate private property and compensate the owners accordingly. Using the application of environmental regulation, this paper suggests a method to impute the price of an expropriated good when the price is not available, due to the...

This empirical study examines the degree to which non-pecuniary factors affect work incentives by monetizing their value. Although the literature has acknowledged the importance of non-pecuniary factors, the problem of measuring their effectiveness in influencing work incentives has persisted....

This paper studies whether agglomeration benefits a clustering region through increased labor productivity by uniquely analyzing agglomeration effects in ecology oriented industries in Kitakyushu, Japan. Our empirical model further extends previous work by introducing a time dimension into the...