Aufgrund des Auslaufens des Solidarpaktes II und der Verteilung der Strukturfördermittel der Europäischen Union werden die Fördermittel, die dem Freistaat Sachsen zur Verfügung stehen in Zukunft erheblich abschmelzen. Dieser Rückgang fällt für den Freistaat Sachsen in eine Periode starker...

Conventional hedonic techniques for estimating the value of local amenities rely on the assumption that households move freely among locations. We show that when moving is costly, the variation in housing prices and wages across locations may no longer reflect the value of differences in local...

People choose where to live and how much to invest in housing. Traditionally, the first decision has been the domain of spatial economics, while the second has been analyzed in finance. Spatial asset pricing is an attempt to combine equilibrium concepts from both disciplines. In the finance...