This paper explores the inerrelations between pricing, capacity choice and financing in transportation networks. It builds on the famous Mohring-Harwitz result on self-financing of optimally designed roads under optimal congestion pricing, and specifically asks the following questions: (1) to...

In this paper we develop and estimate a discrete-continuous model for car ownership and use that incorporates quality choice and the decision to own multiple cars. The basic model, used for instance in De Jong (1991), treats all cars as being equal (no differences in quality) and only considers...

This paper looks into the effect of distance on market shares of Dutch museums. To this end, we assume a generic distance decay function for all museums. In addition, we allow for spatial dependence between museums to account for local competition or synergy effects. Using a unique transaction...

This paper studies the demand for mortgage debt in the Netherlands. Currently the size of this debt exceeds that of GDP, which makes is interesting to look at its determinants. We argue that the absence of a downpayment constraint is important and focus on two other issue. The first is the...

For many countries, tourism has a large impact on GNP, and the number of people employed in the tourist or related industries is large. We explain the decision whether to go on vacation on not and how often, the choice of destination and the decision on the level of expenditure, using different...

Apart from housing quality and employment accessibility, knowledge workers are relatively strongly attracted by urban amenities such as the presence of shops, a variety of restaurants, recreational public spaces (e.g., parks), and by cultural facilities such as theaters, musea and cinemas. Since...

Recent research shows that urban heritage can be an important factor of residential location choice, and that especially highly educated households are attracted by the presence of cultural heritage. In this paper, we use a location choice model to investigate the attractiveness of neighborhood...

This paper provides a model for the well-known empirical phenomenon that houses of different quality experience different price developments. The typical pattern is that luxury houses appreciate more in boom periods and depreciate more during busts. The standard model of housing demand treats...

In this paper we study the relationship between cultural heritage and retail store dynamics at the neighbourhood level in the Netherlands. We analyze the total number of stores, number of vacant stores and number of stores by retail sub-industry in neighbourhoods, thereby focusing on the impact...

Current developed economies' growth becomes increasingly dependent on the performance of innovation and skill-intensive industries. Therefore, the ability of cities to attract skilled or highly-educated individuals becomes more and more important for their growth and economic development. In...