Residential choice does not only depend on properties of the dwelling, neighbourhood amenities and affordability, but is also affected by the population composition within a neighbourhood. All these attributes are capitalised in the house price. Empirically, it is not easy to disentangle the...

Nominaleinkommensdaten werden sowohl in politischen Debatten als auch in der ökonomischen Forschung häufig verwendet. Jedoch sollten für Wohlfahrtsvergleiche und Überprüfungen von ökonomischen Theorien reale – d.h. preisniveaubereinigte – Einkommen verwendet werden. Diese Arbeit...

International and regional integration are accompanied by the fear that the reduction of trade barriers might change the spatial distribution of economic activity radically. In the past decade, the 'New Economic Geography' has developed as a theory explaining some of the forces which might...

This paper presents a regional economic model in which increasing returns to scale in the production of non-traded consumer services cause the agglomeration of high-skilled workers in one region. The residential choice of high-skilled individuals exerts a pecuniary externality on immobile...

The economic geography literature distinguishes between two types of reasons for economic agglomeration. Regional concentration of economic activity can be attributed to ''first nature'' meaning geographic advantages and disadvantages given by nature or to ''second nature'' meaning agglomeration...

Das Papier stellt ein 2-Regionen Modell vor, in dem das Verhalten von Lokalregierungen Bevölkerungsagglomeration verursachen kann. Ein lokales öffentliches Gut wirkt als Zentripetalkraft. Die Zentrifugalkraft ist der Wettbewerb der interregional mobilen Arbeiter um einen fixen Wohnraumbestand....

Cross-sectional evidence on price levels is scarce for all countries. However, several studies suggest that there might exist considerable differences in price levels within countries, which has obvious welfare implications. A sample of price levels in 50 German cities in 1993 is used to analyse...

The economic geography literature distinguishes between two types of reasons for economic agglomeration. Regional concentration of economic activity can be attributed to 'first nature' meaning geographic advantages and disadvantages given by nature or to 'second nature' meaning agglomeration...

Game theory predicts that players make strategic commitments that may appear counter-intuitive. We conducted an experiment to see if people make a counter-intuitive but strategically optimal decision to avoid information. The experiment is based on a sequential Nash demand game in which a...