This paper attempts to study the approach of using government subsidies to mitigate negative externality, and aims to provide a system for the government to monitor the level of pollution and determine the optimal level of subsidy the level of pollution changes over time. First, literature on...

Purpose – Achieving a balanced tenant mix is a long-standing discourse in the retailing and consumer marketing literature. This paper applies the Island Species-Area-Energy (ISAER) model from biogeography to theorise tenant mix equilibrium. A five-factor tenant mix model is developed....

Article Classification: Research Paper (Construction or testing of a model or framework).Purpose: The repeat sales house price index has been widely used to measure house price movements on the assumption that the quality of properties does not change over time. This study aims to develop a...

Classical residential location choice models were constructed as uncertainty-free. Using the expected utility theorem, urban researchers have dealt with different types of uncertainties, such as uncertain income, uncertain housing price, uncertain transportation cost, etc. This paper, however,...

By reviewing the previous three asset bubble implosions, viz. (1) the “Lost Decade” of Japan in the 1980s; (2) the Asian Financial Crisis in Hong Kong in 1997; and (3) the Financial Tsunami in the USA in 2008, a common symptom of negative real interest rate is very clearly revealed before the...

Income segregation is found to be a common phenomenon, which imposes far-reaching implications on housing and social policies. However, the focus has long been on its extent rather than on its distribution. This study investigates the asymmetric relationship between household income and income...

The purpose of this paper is to develop a novel tenant mix model for shopping malls from an analogy of ecological theories. This study empirically investigated the tenant species-area relationship and tenant species-abundance distribution in shopping malls. By a sample of 25 shopping malls are...

Conventional wisdom suggests that non-local buyers usually pay a premium for home purchases. While the standard contract theory predicts that non-local buyers may pay such a price premium because of the higher cost of gathering information, behavioral economists argue that the premium is due to...

Transportation infrastructure, such as a link bridge, can improve greatly in factor mobility between the two nodes, and is therefore commonly thought to have a positive economic effect at both ends. However, as the convenience of transportation would affect the choice of household and company...