We estimate the effect of the Dutch-German border on house prices. In the last 40 years the development of house prices in the Netherlands and Germany has been substantially different. While the Netherlands have been hit by two real estate cycles, prices in Germany have been extraordinary...

This paper discusses various aspects of the economic analysis of commuting behavior. It starts with a review of two difficulties associated with urban economics models: the empirically falsified prediction of the relation between commuting time and income, and the presence of substantial excess...

This paper argues that search theory is a useful addition to the way economists and geographers have approached the study of commuting behavior. This is illustrated by showing that introduction of a spatial element into the standard model of job search leads to the prediction of critical...

In economic research, it is often important to express the marginal value of a variable in monetary terms. In random coefficient models, this marginal monetary value is the ratio of two random coefficients and is thus random itself. In this paper, we study the distribution of this ratio and...

Since recently, a number of studies have applied non-market valuation techniques to measure the value of cultural goods. All studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple, competing...

A number of studies have applied non-market valuation techniques to measure the value of cultural goods. Virtually all of these studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple,...

Museums may serve as important amenities for inhabitants and act as magnets for attracting visitors to a city. For city planners it is important to understand what different types of museums there are in terms of attraction power, and how their attractiveness may depend on the presence of other...

This paper presents a new method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment. The method does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for...

This paper provides a new contribution to the discussion on discount rates for social cost-benefit analysis of long-term plans, with a special emphasis on intergenerational problems. First, the use of the well-known net present value is critically discussed. Attention is focused on reinvestment...

The authors study interaction on a two-lane road between the trips of two types of drivers who differ by their desired speeds. The difference in desired speeds causes congestion, because slow vehicles force fast vehicles to reduce their speed. Results for this type of congestion with respect to...