How does bankruptcy affect the dynamics of aggregate consumption? We quantify the trade-off between the insurance and creditworthiness effects of bankruptcy in response to tighter credit. We show that bankruptcy dampens the effect of tighter credit on aggregate consumption on impact because it...

This paper proposes an empirical analysis of the sensitivity of Discrete Choice Model (DCM) to the size of the spatial units used as choice set (which relates to the well-known Modifiable Areal Unit Problem). Job's location choices in Brussels (Belgium) are used as the case study. DCMs are...

The impact of transportation networks on the location of human activities is a surprisingly neglected topic in economic geography. Using the simple plant location problem, this paper investigates such an impact in the case of a few idealized networks. It is seen that a grid network tends to...

This paper aims at showing how far the shape of a studied area influences the results of optimal location-allocation models. Simulations are performed on rectangular toy-networks with an equal number of vertices but with different length/width ratios. The case of merging two such networks into a...

In this paper, an urban economic model of residential location is combined with multifractal geometry (Sierpinski carpet) in order to model and analyse the spatial structure of a metropolitan area. This area is made of an urban system organised hierarchically around a central CBD, as well as of...