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Full-Text Articles in Urban Studies and Planning

The Hedonic Method Of Valuing Environmental Policies And Quality, Philip E. Graves Jan 2013

The Hedonic Method Of Valuing Environmental Policies And Quality, Philip E. Graves

PHILIP E GRAVES

Benefit-cost analysts attempt to compare two states of the world, the status quo and a state in which a policy having benefits and costs is being contemplated. For environmental policies, this comparison is greatly complicated by the difficulty in inferring the values that individuals place on an increment to environmental quality. Unlike ordinary private goods, environmental goods are not directly exchanged in markets with observable prices. In this chapter, the hedonic approach to inferring the benefits of an environmental policy is examined.


Spatial Equilibrium In Labor Markets, Philip E. Graves Jan 2013

Spatial Equilibrium In Labor Markets, Philip E. Graves

PHILIP E GRAVES

Over long periods of human history, labor market equilibrium involved movements from low-wage areas to high-wage areas, a form of arbitrage under the implicit view that wage differentials corresponded to utility differentials. This “labor economics” view is likely to be viable as long as movement and information costs are high, and under this view the movements would be expected to cause wage convergence over space. In recent decades, perhaps beginning as early as the 1960’s, both the out of pocket and psychological costs of movement have plummeted with advances in transportation and communication technology and innovation. In addition, these ...


学术履历, Pingkang Yu Dec 2012

学术履历, Pingkang Yu

Pingkang Yu

No abstract provided.


Does Atlanta Value Marta? Selecting An Autoregressive Model To Recover Willingness To Pay, Juan Moreno-Cruz, Gregory Macfarland, Laurie Garrow Dec 2012

Does Atlanta Value Marta? Selecting An Autoregressive Model To Recover Willingness To Pay, Juan Moreno-Cruz, Gregory Macfarland, Laurie Garrow

Juan B. Moreno-Cruz

Understanding homeowners’ marginal willingness-to-pay (MWTP) for proximity to public transportation infrastructure is important for planning and policy. Naïve estimates of MWTP, however, may be biased as a result of spatial dependence, spatial correlation, and/or spatially endogenous variables. In this paper we discuss a class of spatial autoregressive models that control for these spatial effects, and apply them to sample data collected for the Atlanta, Georgia housing market. We provide evidence that a general-to-specific model selection methodology that relies on the generality of the spatial Durbin model (SDM) should be preferred to the classical specific-to-general methodology that begins with an ...


Targeted Business Incentives And Local Labor Markets, Matthew Freedman Dec 2012

Targeted Business Incentives And Local Labor Markets, Matthew Freedman

Matthew Freedman

This paper uses a regression discontinuity design to examine the effects of geographically targeted business incentives on local labor markets. Unlike elsewhere in the U.S., enterprise zone (EZ) designations in Texas are determined in part by a cutoff rule based on census block group poverty rates. Exploiting this discontinuity as a source of quasi-experimental variation in investment and hiring incentives across areas, I find that EZ designation has a positive effect on resident employment, increasing opportunities mainly in lower-paying industries. While business sitings and expansions spurred by the program are more geographically diffuse, EZ designation is associated with increases ...