The paper aims to assess the wage differential that would induce workers to switch between informal and formal sectors, analysing the informal labour market in the Colombian Caribbean region. Relying on the theory of equalising differences, we uncover which workers perceive the highest utility...

Theoretical choice is not an easy task for economists, as there is always a dilemma between syntactic epistemic virtues (parsimony, generality, unifying power, etc.), and semantic epistemic virtues (relationship between evidence and theory). This document analyzes the theoretical choice process...

The report investigates the impacts of short-term rental services (STRs), such as Airbnb, Homeaway, etc., on the residential housing market and hotel/accommodation market in the city of Seattle, Washington. Our primary goal is to examine critiques against STRs to assess their empirical validity...

The report investigates the impacts of short-term rental services (STRs), such as Airbnb, Homeaway, etc., on the residential housing market and hotel/accommodation market in the city of Seattle, Washington. Our primary goal is to examine critiques against STRs to assess their empirical validity...

We use information of the period 2000–2010 to assess the land market neutrality of a Land Value Development Tax (LVDT) in Bogota (Colombia). This city introduced the LVDT in 2004 and it offers an excellent vantage point for observation of its effects because of these reasons: (a) the LVDT...

Excessive urban primacy in Latin American countries has been primarily analysed using country-level perspectives, while their intra-urban spatial forces have not been routinely used as explanatory elements. This paper addresses this gap by relating two country-level sources of urban primacy (the...

A land monopoly is a theoretical “impossibility” which, nonetheless, allows for a spatial empirical approach. We specify spatial tests of land monopoly, understood as a pricing strategy where land prices can be ‘over and above' the ones determined by city-wide location and market...