This paper examines the behavior of households and firms in the presence of variations in regional characteristics that affect their location decisions. It then determines relevant equilibrium conditions. Based on the implications of these equilibrium conditions, firm and household locations can...

Different methodologies for the assessment of universities have been developed over the years using criteria such as research, teaching and social input, which have been an issue of controversy. University rankings have received a lot of criticism but are still very popular for a number of...

This paper presents a quality theory for differentiated products. Analytical solutions for the equilibrium demand for quality and the equilibrium price equation are computed. The model is estimated and the willingness to pay for improvements in the air quality of Houston is computed. The...

Rankings of urban areas provide useful information to planning recreational or tourism activities, making housing-locational decisions, and designing policies to attract industries. This paper illustrates how the structural approach to hedonic equilibrium models can be used to derive a quality...

This paper applies an equilibrium quality theory for differentiated products to estimate the willingness to pay for improvements in the air quality of Chicago, Cleveland, Dallas, Houston, and Indianapolis. The empirical results show (i) that the structural approach and the standard...

This paper uses a hedonic equilibrium model to provide a quality of life based ranking of 13 Canadian cities. The empirical results show that the quality of life based rankings and the variations of the indices are affected by the differences in the distribution of housing characteristics across...

This paper presents a theory that is appropriate for evaluating the quality of differentiated products. The model is used to evaluate the products of the Japanese motorcycle manufacturers.

One of the most debatable issues in Economics is the relationship between economic growth and the environment. From the policy point of view, what is important is the formulation of the best-suited policies for both growth and the environment. But the implementation of regional and environmental...