We study the credibility of predation to deter entry in the linear Cournot shipping model of spatial competition with strategic location choice, both on the linear and circular markets. For a high enough discount factor, the monopoly is preserved, but the credibility of predatory conduct is...

This study examines the effect that windfarm visibility has on residential property values using a hedonic regression model. The study area is Ashhurst, New Zealand, a township of approximately 900 dwellings. Ashhurst is located within eight kilometres of two separate windfarms that were...

This paper studies the welfare effects of location space constraints when the duopoly sellers are vertically separated. As the downstream firms respond to higher input prices by locating further away from the center of the market, constraining them to locate within the linear city allows the...

We relax two common assumptions in the Hotelling model with third-degree price discrimination: inelastic demand and exogenously assumed price discrimination. Based on the constant elasticity of substitution (CES) representative consumer model, we allow firms to endogenously choose whether to...

Can increasing returns to scale in search explain regional differentiation between cities and rural areas? To answer this question, we develop a model of an economy that consists of several regions. Within each region, jobs and workers are heterogeneous by respectively skill and job complexity...

Can children effectively nudge their parents to change their energy consumption behavior? This study sets up a quasi-experiment using the “Project Carbon Zero” campaign, an energy-saving contest in Singapore, to empirically test the effectiveness of school children nudges in bringing...

The right-of-first-refusal (ROFR) granted by the seller to a buyer that allows the favored buyer to purchase the asset at the highest price the seller can obtain from other competing buyers is common in auctions and other economic transactions. Yet the predictions of the theory on the impact of...

Singapore uses public media campaigns to motivate public housing residents to conserve energy as part of its strategies to achieve sustainable energy goals. Using the energy conservation campaign conducted in selected housing estates in Singapore in January 2016, we ran a natural experiment to...

Sustainable urbanization in developing countries will be one of the major challenges of the 21st century. Especially in Africa where the current rate of urbanization is fastest and cities are least prepared to offer poor migrants decent living conditions through innovative solutions in housing,...

This paper studies housing markets with price posting, directed search, and heterogeneity. One contribution is theoretical: in a novel model, we provide sharp results on existence, uniqueness and comparative statics. Another is empirical: we explore a new dataset from Vancouver. Then we confront...