The intensity of international transactions remains lower than could be potentially justified on the basis of transportation costs alone. This has become known as the ?mystery of the missing trade?. Transaction costs may be responsible for ?under-trading? across national borders. More...

When the city centre is the major destination of the passengers, public transport vehicles will get fuller as they approach it. The disadvantage of time loss due to stops on the way to the centre is thus experienced by an increasing number of travellers. We demonstrate that optimal stop...

This paper analyses the case where workers have to choose between the location of work, leisure, commuting hours and the frequency to work out-of-home. Both a short-run and a long-run model are presented. In the short-run, workers are not able to set their optimal amount of commuting time, where...

Large-scale investments in transport infrastructure have been traditionally evaluated assuming the equivalence between direct and indirect economic effects (Jara-Diaz,1986), which is only correct under -generally non-guaranteed- perfect competition assumptions. Despite this common practice there...

This paper focuses on rural land prices. Different actors and factors influence land prices. Buurman (2003) has analysed, categorised, and used them to explain spatial differences in transaction prices of parcels using a GIS-based linear regression model. The model distinguishes parcel and...

In this paper we investigate the form of the distance-decay function for commuting, on the basis of an analysis of home-to-work relationships between municipalities in Denmark. The equation for the number of commuters is taken from Alonso's Theory of Movements, in which the Spatial Interaction...

The purpose of this article is to explore the determinants of the implicit price of the risk of flooding. We carry out a meta-analysis on estimates resulting from the application of hedonic price models. The variable under scrutiny is the relative change in the price of a house located in a...

The metropolitan landscape consists of green, open areas adjacent to and enclosed by the urban environment. Changes in this landscape are a delicate matter, because they affect sustainability, the environment and the scenic quality, as we see in processes like urban sprawl, intensive outdoor...

Airlines network choices are analysed to describe the co-existence of alternative business models: the full service model based on the hub-and-spoke (HS) system and the low cost model based on point-to-point (PP) system. The analysis is carried on both theoretically and empirically. In the...

In an efficient market, the levels of house prices reflect the values of value of physical, accessibility and environmental features corresponding to the house. The Dutch residential house market though could not be claimed to work under a perfectly efficient market; the prices can be diagnosed...