<title>Abstract</title> We investigate the popular theory that high-technology workers are drawn to high amenity locations and then the jobs follow the workers. Using a novel data set that tracks high-technology job growth by US county, we estimate spatial parameters of the response of high-tech job growth to...

Large, catastrophic floods intensify environmental scarcity and can lead to mass displacement from affected areas. The sudden and mass influx of migrants could increase the risk of social tensions in receiving areas. In this paper, we analyze the impact of the displacement induced by large...

Empirical evidence on the risk-return trade-off in stocks has been conflicting. Several studies estimate a positive risk-return trade-off (see French <italic>et al</italic>., 1987; Campbell and Hentschel, 1992) but other researchers find the opposite (see Nelson, 1991; Glosten <italic>et al</italic>., 1993) and most of the results have...

Both the theoretical and empirical literature on the estimation of allocative and technical inefficiency has grown enormously. To minimize aggregation bias, ideally one should estimate firm and input-specific parameters describing allocative inefficiency. However, identifying these parameters...