An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This paper applies hedonic analysis that explicitly accounts for spatial spillovers to derive the value of...

The paper proposes a novel theory-based approach to economic growth prediction. In the economy populated with economically independent decision-makers, the information about their individual preferences, available technologies, and resource constraints is embedded in decision-makers' opportunity...

This paper links the two nascent economic literatures on social networks and cultural assimilation by investigating the evolution of population attributes in a simple model where agents are influenced by their acquaintances. The main conclusion of the analysis is that attributes converge to a...

This article develops a simple model of an urban network by combining a graph-theoretic approach with basic micro-economic theory. Use value of the urban network is defined by total rents earned by economically independent rent-charging node-owners. In the equilibrium, the economic rent in the...

The paper considers a multivariate binary response model that allows for a range of response distribution functions and pairwise response dependencies. The maximum likelihood estimator (MLE) for the model is derived and its asymptotic distribution and convergence properties are established....

The purpose of this paper is to establish whether the unobserved spatial interdependencies between individual households influence recreational travel choices. To coherently incorporate spatial interdependencies in the behavioral analysis, we propose spatial random utility model of recreation...