Now showing items 1-2 of 2
Estimating equilibrium models of sorting across locations
(Economic Journal, 2007-03-01)
While there is growing interest in measuring the size and scope of local spillovers, it is well understood that such spillovers cannot be distinguished from unobservable local attributes using solely the observed location ...
If you cannot take the heat, get out of the cerrado... Recovering the equilibrium amenity cost of nonmarginal climate change in Brazil
(Journal of Regional Science, 2007-02-01)
This paper presents an empirical technique for valuing large changes in nonmarketed local attributes (e.g., climate amenities) without data describing prices of locally traded commodities like housing. A model of endogenous ...