We study recent changes in the geographic distances between small businesses and their bank lenders, using a large random sample of loans guaranteed by the Small Business Administration. Consistent with extant research, we find that small borrower-lender distances generally increased between...

This paper reviews estimators for multiple regime selection models, which include the standard urban bid-rent model as a special case. Ellickson's (4) probabilistic bid-rent model imposes a restrictive selection process, while existing two- stage multiple regime estimators assume an error...

We use a semiparametric estimator to analyze the relationship between land values and parcel size in a sample of 158 undeveloped parcels in the Portland, Oregon metropolitan area. The semiparametric estimator combines the benefits of parametric and nonparametric estimation. The value-size...

Locally weighted regression estimates are presented for Chicago using data from 1836 to 1990. The results demonstrate that nonparametric estimators are useful for hypothesis testing as well as prediction. Estimated regression surfaces for 1836-1928 demonstrate that the monocentric city model...

In 1991, a property tax limitation measure was imposed in five Illinois counties. Dye and McGuire (1997) studied its short–term impact. With the limit now in effect for over a decade and extended to many more counties, we assess its long–term impact. Because jurisdictions brought under the...

Provides some preliminary systematic evidence on state spending and presents an abundance of descriptive statistics on spending and on the demographic and economic characteristics of the states.

Uses national aggregate time series data to estimate the trend rate of growth and the deviation from trend for several components of state general sales and individual income tax bases. The results indicate great variety in growth and variability characteristics across tax base components.