Using Belgian microdata, we assess the impact, on a hedonic regression, of the distortions arising from the choice of either a specific zoning system or the delineation of the study area. We also evaluate the biases that arise when spatial effects are not accounted for. Given that the dependent...

We propose amodelwith some of themain demographic, economic and institutional factors usually considered to matter in the transition to modern growth. We apply our theory to England over the period 1530-1860. We use the model to measure the impact of mortality, population density and...

We present a theoretical model of residential growth that emphasizes the path-dependent nature of urban sprawl patterns. The model is founded on the monocentric urban economic model and uses a cellular automata (CA) approach to introduce endogenous neighbourhood effects. Households are assumed...

We consider the location of a single-plant firm in a continuous space under five different pricing policies: (i) spatial discriminatory pricing; (ii) uniform delivered pricing; (iii) uniform mill pricing; (iv) zone pricing; and (v) mixed pricing where clients have the choice between pick-up or...

Facility location analysis deals with the problem of locating one or several facilities with regard to existing facilities and clients in order to optimize some economic criterion. In this survey, we consider specifically the problem of selecting one or several points of a network in order to...

The transition from economic stagnation to sustained growth is often modelled thanks to "population-induced" productivity improvements, which are assumed rather than derived from primary assumptions. In this paper the effect of population on productivity is derived from optimal behavior. More...

A recent body of research suggests that the spatial structure of cities might influence the socioeconomic characteristics and outcomes of their residents. In particular, the literature on neighbourhood effects emphasizes the potential influence of the socioeconomic composition of neighbourhoods...

A residential location model derived from urban economics is combined with the geometry of a multifractal Sierpinski carpet to represent and model a metropolitan area. This area is made up of a system of built-up patches hierarchically organised around a city centre, and green areas arranged in...

Over the recent decades researchers in academia and central banks have developed early warning systems (EWS) designed to warn policy makers of potential future economic and financial crises. These EWS are based on diverse approaches and empirical models. In this paper we compare the performance...

How does bankruptcy affect the dynamics of aggregate consumption? We quantify the trade-off between the insurance and creditworthiness effects of bankruptcy in response to tighter credit. We show that bankruptcy dampens the effect of tighter credit on aggregate consumption on impact because it...