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This paper presents standard microeconomic models that are designed to be used in the cost-benefit analysis of local land use decisions. The models connect these allocation decisions to outcomes in the urban land and labor markets so that costs and benefits can be measured. Benefits to the local...
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Using nonparametric descriptive tools developed by Duranton and Overman (2005, "Review of Economic Studies", 72, 1077-1106), we show that both new and old auto supplier plants are highly concentrated in the eastern United States. Conditional logit models imply that much of this concentration can...
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Misspecified functional forms tend to produce biased estimates and spatially correlated errors. Imposing less structure than standard spatial lag models while being more amenable to large datasets, nonparametric and semiparametric methods offer significant advantages for spatial modeling. Fixed...
Persistent link: https://www.econbiz.de/10008576691
In contrast to the rigid structure of standard parametric hedonic analysis, nonparametric estimators control for misspecified spatial effects while using highly flexible functional forms. Despite these advantages, nonparametric procedures are still not used extensively for spatial data analysis...
Persistent link: https://www.econbiz.de/10008670597