Conventional wisdom suggests that non-local buyers usually pay a premium for home purchases. While the standard contract theory predicts that non-local buyers may pay such a price premium because of the higher cost of gathering information, behavioral economists argue that the premium is due to...

This paper uses a popular web mapping and transportation service to generate information for more than 22 million counterfactual trip instances in 154 large Indian cities. It then develops a methodology to estimate robust indices of mobility for these cities. The estimation allows for an exact...