The Arrow-Fisher-Henry (AFH) analysis of land development under uncertainty has been conducted in a two period model. In contemporary times, Capozza and Helsley (1990), Batabyal (1996, 1997, 2000), and others have analyzed the question of land development under uncertainty in a multi-period...

The Arrow-Fisher-Henry (AFH) analysis of land development under uncertainty has been conducted in a 2 period setting. In recent times, Capozza and Helsley (1990), Batabyal (1996, 1997, 2000), and other researchers have studied the issue of land development under uncertainty in a many time...

Recently, Batabyal and Yoo (2003) have studied aspects of indivisible and divisible land development in a dynamic and stochastic framework. In this note, we complement the analysis in this paper by examining an aspect of the indivisible land development decision when a landowner has an...

This study proposes to investigate the effectiveness of modeling local spatial dependence through a conditionally autoregressive process (CAR) to picture the population distribution across space. Following the current literature, the idea is to model individual location preferences by focusing...

The devastating effects of the COVID-19 pandemic and associated lockdowns on various forms of transportation create an opportunity to review the successes and failures of federal transport policies before Congress reauthorizes federal highway and transit programs. After a one‐​year extension...

This study considers market entry determinants for both for-profit and non-profit at-home long-term care providers in Japan. It examines market structure incentives and barriers to entry using a panel dataset of 48 Japanese municipalities for the 2003-2011 period. Estimation results show that...

Because of heterogeneity across regions, economic policy measures are increasingly targeted at the regional level. As a result, the need for economic forecasts at a sub-national level is rapidly increasing. The data available to compute regional forecasts is usually based on a pseudo-panel that...

Because of heterogeneity across regions, economic policy measures are increasingly targeted at the regional level. As a result, the need for economic forecasts at a sub-national level is rapidly increasing. The data available to compute regional forecasts is usually based on a pseudo-panel that...