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  • 1
    Publication Date: 2020-02-12
    Keywords: 550 - Earth sciences
    Type: info:eu-repo/semantics/book
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  • 2
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 44 (1992), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The paper develops a mean variance model to characterize the price efficiency at the firm level in Farrell's model and shows how risk aversion may affect this measure. Problems of estimating the structural efficiency at the industry level are also discussed and it is shown that this involves a comparison between efficiency distributions of two or more industries. Two empirical applications for the two efficiency measures are also discussed.
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  • 3
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 44 (1992), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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    Bulletin of economic research 44 (1992), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper presents a model of a risk averse multinational firm under exchange rate risk. The firm, which owns and controls assets in two countries, is engaged in production, sales and forward contracting whenever forward markets exist. First, we investigate the effects of exchange rate uncertainty without any risk sharing markets. It is shown that the firm internalizes missing hedging markets by increasing foreign production and lowering foreign sales. Therefore the firm hedges by repatriating foreign profits in the form of goods. Second, the implications of the existence of forward markets of global market decisions are discussed. It is shown that a separation theorem holds. This does not imply that the multinational firm shifts all the risk into the forward exchange market.
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    Bulletin of economic research 44 (1992), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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    Bulletin of economic research 44 (1992), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The level of effort which would be set by a firm hiring in a competitive labour market is contrasted with the effort level which would be chosen by a utilitarian trade union.
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    Bulletin of economic research 44 (1992), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper proves the existence and uniqueness of Cournot equilibrium in models of international trade under oligopoly. The existence of Cournot equilibrium is established without the usual assumption that profit functions are concave. Instead the proof uses a weaker‘aggregate concavity’condition. A simple proof is used to establish the uniqueness of the equilibrium. And, the paper considers the implications of the assumptions, used to prove the existence and uniqueness of the equilibrium, on the comparative static results.
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  • 8
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    Bulletin of economic research 42 (1990), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper examines the introduction of monopolistic competition into wage bargaining models: in addition to capital-labour substitution, we also consider a cost-push effect. The right-to-manage model requires strong restrictions on the objective functions and leads to problematic conclusions because the wage claims of the union are generally not compatible with the mark-up requirement contained in the firm's price equation. In the efficient bargaining model, the union negotiates also the employment level, which gives it a way of extracting part of the monopoly rent: the firm's commitment to an efficient wage-employment combination forces it to follow a pricing rule such that part of the surplus is transferred to the union.
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  • 9
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    Bulletin of economic research 42 (1990), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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    Bulletin of economic research 42 (1990), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper extends Becker's basic model on investment in human capital by introducing effort as a decision variable. Based on this extended model we consider the efficiency of two popular study-grant schemes and propose a third which unequivocally increases the student's effort and may thereby resolve the moral hazard problem created by the student's self-interested behaviour. In addition, some policy issues concerning conflicts between the students' and the policy-maker's objectives are discussed.
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    Bulletin of economic research 42 (1990), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
    Notes: A three factor, two sector general equilibrium model is used to determine long run income distributional impacts of factor supply changes associated with international migration in developing and newly industrializing countries. Factor intensity rankings among three factors (capital, skilled and unskilled labor) between two industries (agriculture and manufacturing-services) play a critical role in determining which factors are natural friends with respect to migration. A result common to all countries is observed friendship between capital and unskilled labor: reducing (increasing) the supply of one will lower (raise) payments to the other.
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    Bulletin of economic research 42 (1990), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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    Bulletin of economic research 42 (1990), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
    Notes: This paper presents a labor turnover model in which urban employers have an economic incentive to support an urban bias in development policies because of the indirect effect of rural incomes on urban training expenditures through the rate of labor turnover. A comparative static analysis of the model shows that an income transfer from rural workers to urban workers increases the profits of urban employers, even if urban employers are not directly involved in the transfer. Unlike previous versions of the labor turnover model, worker behavior is explicitly grounded in utility maximization.
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  • 14
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    Journal of regional science 32 (1992), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . This paper examines the impacts of JRS articles in the areas of theory, methods and empirical analysis, as represented by subsequent citations reported in the Social Sciences Citation Index. A model relating the mix of theoretical, methodological and empirical research published in the JRS to subsequent citations is estimated. The time distribution of theoretical and empirical citations also indicates that the knowledge diffusion process in these two areas may be segmented.
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    Journal of regional science 32 (1992), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
    Notes: Book Reviewed in this article:Statistics for Spatial Data, by Noel Cressie.Applications of the Expansion Method, edited by John Paul Jones, III and Emilio Casetti.Sources of Metropolitan Growth, edited by Edwin S. Mills and John F. McDonald.Work, Wages, and Poverty Income Distribution in Post-Industrial Philadelphia, by Janice Fanning Madden and William J. Stull.The International Petrochemical Industry: Evolution and Location, by Keith Chapman.Industrialization, Economic Development, and the Regional Question in the Third World From Import Substitution to Flexible Production, by Michael Storper.The Capitalist Space Economy: Geographical Analysis after Ricardo, Marx and SrafFa, by Eric Sheppard and Trevor J. Barnes.Regional Economic Analysis of Innovation and Incubation, by Evert Jan Davelaar.Technology and the Garden: Research Parks and Regional Economic Development, by Michael I. Luger and Harvey A. Goldstein.Improving Access to Health Care: What Can the States Do?, edited by John Goddeeris and Andrew Hogan.
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    Journal of regional science 32 (1992), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
    Notes: . Weber's problem consists of locating a facility in the plane in such a way that the weighted sum of Euclidean distances to n given points be minimum. The case where some weights are positive and some are negative is shown to be a d.-c. program (i.e., a global optimization problem with both the objective function and constraint functions written as differences of convex functions), reducible to a problem of concave minimization over a convex set. The reduced problem is then solved by outer-approximation and vertex enumeration. Moreover, locational constraints can be taken into account by combining the previous algorithm with an enumerative procedure on the set of feasible regions. Finally, the algorithm is extended to solve the case where obnoxiousness of the facility is assumed to have exponential decay. Computational experience with n up to 1000 is described.
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    Journal of regional science 32 (1992), S. 0 
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    Topics: Geography , Economics
    Notes: Book reviewed in this article: Long-Wave Rhythms in Economic Development and Political Behavior, by Brian J. L. Berry. Who Benefits from State and Local Economic Development Policies?, by Timothy J. Bartik. Regional Input-Output Modelling: New Developments and Interpretations, edited by John H. LI. Dewhurst, Geoffrey J. D. Hewings, and Rodney C. Jensen. Infrastructure and Regional Development, edited by R. W. Vickerman. Wage and Employment Adjustment in Local Labor Markets, by Randall W. Eberts and Joe A. Stone. Work in the Fast Lane: Flexibility, Divisions of Labor, and Inequality in High-Tech Industries, by Glenna Colclough and Charles M. Tolbert, II. The Geography of Science, by Harold Dorn. Economic Growth and Fiscal Planning: New York in the 1990s, by Roy Bahl and William Duncombe. A Small Town in Modern Times, by David Rayside. The Logit Model: An Introduction for Economists, by J. S. Cramer.
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    Journal of regional science 32 (1992), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
    Notes: . Past analysis of public facility location has generally assumed a single goal, such as cost minimization or welfare maximization, and exogenous spatial pricing. This paper considers optimal facility location under a variety of goals. Furthermore, the facility manager is allowed to engage in freight absorption so that the delivered price to consumers need not reflect actual transportation costs. A systematic interaction among management goals, freight absorption, and the optimal size and spacing of public facilities is found.
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    Journal of regional science 32 (1992), S. 0 
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    Topics: Geography , Economics
    Notes: . This paper outlines some arguments about the role of transportation costs in determining the welfare consequences of trade restrictions. The analysis uses a computable general equilibrium (CGE) model and presents the relevant features for trade analysis. The model has two alternative spatial formulations. In the first, all production and trade occur at one point, while in the second the regions are separated by distance. The calculated effects of a unilateral tariff increase are compared using the CGE model with the “point” and “distance” formulation. While the presence of transportation costs is crucial to some sectoral trade and production results, most welfare results are relatively insensitive to the spatial structure of the model.
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    Journal of regional science 32 (1992), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
    Notes: . In estimating a discrete choice model one is actually estimating the parameters of a conditional indirect utility function. I explore the consequences of recognizing that this function is a maximum-value (frontier) function. I formulate several frontier choice models and, using a pilot empirical study of transportation mode choice, compare the resulting estimates with those of the conventional logit specification. Most strikingly, it appears that the values of time implied by the frontier models are substantially below those of the logit model. This implies that policies designed to improve travel times may be of less value to consumers than is conventionally believed.
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    Journal of regional science 32 (1992), S. 0 
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    Topics: Geography , Economics
    Notes: . Commonly-employed spatial autocorrelation models imply heteroskedastic errors, but heteroskedasticity causes probit to be inconsistent. This paper proposes and illustrates the use of two categories of estimators for probit models with spatial autocorrelation. One category is based on the EM algorithm, and requires repeated application of a maximum-likelihood estimator. The other category, which can be applied to models derived using the spatial expansion method, only requires weighted least squares.
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    Journal of regional science 32 (1992), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
    Notes: . Migration models have considered several different categories of determinants, including economic opportunities, amenities, and state and local fiscal factors. Migration has also been shown to depend on the individual's position in the life cycle. This paper represents a first attempt to integrate all three categories of determinants of migration into a life-cycle framework. Empirical findings generated from a countrywide model of white male migration, over the period 1970 to 1980, reveal that all three types of determinants are important. Specifically, economic opportunities are most influential for males during their working years. Amenities are also found to follow a life-cycle pattern with older migrants more attracted to amenable locations than their younger cohorts. Finally, state income and death taxes display life-cycle effects; working males in their peak earning years are detracted by high income taxes while all migrants aged 55 to 69 avoid counties in states with high inheritance and estate taxes.
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    Journal of regional science 32 (1992), S. 0 
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    Journal of regional science 32 (1992), S. 0 
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    Topics: Geography , Economics
    Notes: . Conditions for spatial price equilibrium are derived for a set of firms in oligopolistic spatial competition, distributed at fixed locations in a heterogeneous region where consumer purchasing patterns are a probabilistic function of the price distribution rather than a deterministic function of proximity to firms. The resulting prices vary with accessibility to consumers or with the degree of local spatial monopoly, and result in non-zero profits for firms. Conditions describing the existence and stability properties of this spatial price equilibrium are defined, and are shown to be equivalent for two different hypotheses concerning disequilibrium pricing behavior: a partial price adjustment model and a Bertrand game. For two different profit goals, total profit maximization and profit rate maximization, it is shown that a spatial price equilibrium exists and is at least locally quasi-stable.
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    Journal of regional science 32 (1992), S. 0 
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    Topics: Geography , Economics
    Notes: . Recursive algorithms for the elimination of redundant paths in spatial lag operators are introduced. It is shown that these algorithms have superior computational properties in comparison with the cumbersome procedure proposed by Ross and Harary (1952). A rigorous definition of spatial lag operators is given, while a number of mathematical results and properties are derived. Theoretical and empirical results regarding the performance of the proposed algorithms are presented.
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    Journal of regional science 30 (1990), S. 0 
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    Topics: Geography , Economics
    Notes: Little evidence is currently available on the regional growth effects of federal defense spending. In this study, econometric models for state personal income and manufacturing employment between 1976 and 1985 are specified and estimated. Pooled cross-sectional time-series data are used, and the estimation procedure corrects for serial correlation, heteroscedasticity, and contemporaneous cross-sectional correlation. The results indicate that aggregate defense spending has a positive effect on both growth measures. However, when defense expenditures are disaggregated, only investment-type outlays appear to consistently affect state economic growth.
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    Journal of regional science 30 (1990), S. 0 
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    Topics: Geography , Economics
    Notes: Wildlands: Their Protection and Management in Economic Development, by George Ledec and Robert Goodland. Revitalising the Waterfront: International Dimensions of Dockland Redevelopment, edited by Brian S. Hoyle, David S. Pinder, and M. Sohail Hussain.
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    Journal of regional science 30 (1990), S. 0 
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    Notes: State populations in the United States are characterized by large differences in current growth rates and historical growth trends. What demographic factors account for these differences? Population growth has only three components: births, deaths, and migration. In this study, we estimated the contributions of births, deaths, and migration to changes in population size between 1950 and 1980 for the 48 contiguous states in the United States. We found that population momentum (i.e., the growth that would occur in a closed population if fertility and mortality rates remained constant) had the largest effect on population growth in most states, but that differences in net migration were the major cause of state-to-state differences in growth rates. We also found that net migration has been gaining in importance compared to natural increase as a component of population growth. We expect this trend to continue in coming decades.
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    Notes: For the purposes of simplicity, short-run cost functions are widely used in spatial markets literature, even when the long-run effects of entry are in question. In this paper, I show that if a long-run cost function is incorporated into a Löschian model, counter-intuitive and novel performance characteristics can result. Under some circumstances welfare per area can decrease as cost levels decrease.
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    Notes: Life Spaces: Gender, Household, Employment, edited by Caroline Andrew and Beth Moore Milroy. Women in Cities: Gender and the Urban Environment, edited by Jo Little, Linda Peake, and Pat Richardson. Spatial Econometrics: Methods and Models, by Luc Anselin Spatial Data Configuration in Statistical Analysis of Regional Economic and Related Problems, by Giuseppe Arbia. Spatial Analysis and Planning under Imprecision, by Yee Leung. Subsidizing Industrial Location: A Conceptual Framework with Application to Korea, by Michael P. Murray. The Modern Economics of Housing: A Guide to Theory and Policy for Finance and Real Estate Professionals, by Randall Johnston Pozdena. Community Economics: Economic Structure and Change in Smaller Communities, by Ron Shaffer.
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    Notes: Several researchers have proven that for the integrated production-location problem on the Weberian triangle, intermediate points on the edge of the triangle can never be optimal locations. Authors of previous proofs of this result have used cumbersome trigonometric arguments. We present a much simpler algebraic proof of the result, and present it in terms of the more general n-input model, where the feasible location space is a convex polygon rather than a triangle. In addition, the result generalizes immediately to other cases, such as (1) multifacility production-location problems, (2) stochastic versions of one-facility and multifacility production-location problems, and (3) comparable pure location problems (e.g., the Weber problem).
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    Notes: Perceptions of individual well-being are influenced by local status, i.e., one's place in the income distribution of one's reference group. In general, reference groups are smaller than the entire nation. If national social welfare is an aggregate of individual's well-being, then it is not symmetric with respect to all individuals. A geographical interpretation of reference groups means that the welfare of a family living in one region is only influenced by other families in that region. An empirical application, using states, shows that a Gini index modified to reflect local status showed much less improvement 1949-1979 than did the standard Gini.
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    Notes: For many practical applications it is important to know how the flows in a doubly constrained gravity model react to slight variations in the predetermined marginal totals. The first-order approximation of these variations is a linear function on the set of feasible variations of marginal totals, i.e., the set of variations not violating the consistency constraint of the model. Several methods to find a matrix describing this linear function are developed and compared with former contributions to this issue. Finally, applicability of the methods to sensitivity and error propagation analysis is demonstrated.
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    Notes: In this paper, we consider oligopolistic competition in a spatial model when firms take care of goods' delivery and discriminate among consumers. Firms compete by setting quantity schedules independently over space. We show that under general conditions a Nash equilibrium in this game exists and is unique. In equilibrium, firms’ markets overlap, a feature which accords with intuition and empirical observations. Over the interval between two firms, the equilibrium spatial price schedule is quasi-concave (quasi-convex) when transport costs are concave (convex). With linear transport costs, the model predicts uniform delivered pricing. Uniform pricing could moreover be obtained by a combination of increasing returns to volume in transportation together with concavity of unit transport costs in distance.
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    Notes: In this study, we use a vector autoregressive modeling framework to test the zero restrictions implied by alternative criteria for ranking regions into hierarchies in the wage-transmission debate. This approach allows formal statistical tests to be carried out for competing criteria suggested for determining leading and following regions.The ability of the modeling technique proposed here to produce a set of nested hypothesis tests of alternative criteria is in stark contrast to the historical literature in this debate. Researchers have traditionally proposed a criterion for ranking regions into a hierarchy, and then argued for the merits of their particular criterion by demonstrating that an econometric model of wage formation produces statistically significant coefficient estimates when their criterion is used to rank the regions of their data sample.We apply the methods proposed here to a sample of eight midwestern cities in the U.S. in order to test the following criteria: Beaumont (1983), Hart and MacKay (1977), Reed and Hutchinson (1976), unemployment rate, and earnings level. The test is for consistency with the Granger-causal structure of wage interactions inherent in the wage diffusion idea. We argue that the technique set forth here is a real step forward that should allow a resolution of this particular debate. The proposed procedures might also be applied to empirically test other regional science hypotheses concerning for example, intercity and interindustry causal structures.
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    Notes: Daganzo (1977, 1979), Daganzo and Sheffi (1977), Sheffi (1985), and Sheffi and Daganzo (1980) have used one assumption about traveler behavior in developing estimation techniques for the stochastic route-choice problem and another assumption in predicting flows on networks by using the same model. In estimation, they calculate the congested travel costs of the network links from observed flows on the network, and the network is loaded based on these costs. In prediction, they follow their stochastic user-equilibrium assumption by which travelers evaluate costs using the mean of the observed flows (or equilibrium flows). The travel-cost coefficient obtained from the loading method systematically overestimates the true travel-cost coefficient from which the observed flow data (which must be used in loading) is generated. The estimates of the same coefficient, obtained in this paper, by constraining the estimation results to conform to the equilibrium conditions are unbiased, and only marginally less efficient (have larger standard deviations). The average percentage error and inefficiency of the link flow predictions based on the loading method increases as the level of congestion on the network rises. In contrast, the average percentage error of link flow predictions based on the equilibrium estimation method declines and their efficiency remains very high as the level of congestion on the network rises.
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    Notes: . The location decisions of foreign multinational corporations (FMNCs) are analyzed using a conditional logit model with states as the choice set. We consider the establishment of new manufacturing plants and separately analyze the site selection of all MNCs, Japanese MNCs, and European MNCs. The results indicate that access to markets, labor market conditions, state promotional efforts to attract foreign investment, and state and local personal taxes are significant fadors in the location decision. The decision determinants for Japanese and European MNCs are found to be different.
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    Notes: . Using a sample of 63 SMSAs for the years 1974, 1978, and 1982 I find weak support for the argument that environmental regulations retard economic activity. Regression analysis of the relationship between per unit total and air pollution abatement expenditures in the manufacturing sector of these SMSAs and manufacturing employment and earnings levels reveals that these associations are negative but that the magnitudes are relatively small. For example, 10 percent higher per unit total pollution abatement costs are associated with, on average, 1064 fewer manufacturing workers (0.17 percent of total regional employment) in Sun Belt SMSAs during 1982.
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    Notes: . This study is the first to lend empirical support to the common belief that traffic intensity affects property values. Using a standard hedonic pricing model, this paper investigates the price effects on housing of traffic within a neighborhood. Results using data on single-family housing transactions for two different locations in a medium-sized city show a substantial negative price effect of traffic externalities. The magnitude of the effect is shown to be location specific.
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    Notes: . Intervention analysis is used to assess the impact of the October 1987 stock market crash upon employment in the securities industry in New York City. The results indicate that the crash has led to a gradual, but permanent reduction of approximately 25,000 jobs in this industry through July 1990. Using a dynamic location quotient methodology to measure basic employment, an estimate of a partial-adjustment economic base multiplier suggests that total New York City employment is likely to decline by over 100,000 as a result of the crash and subsequent adjustments in the securities industry.
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    Notes: Book reviewed in this article: Urban Dynamics: Designing an Integrated Model, edited by Cristoforo S. Bertuglia, Giorgio Leonardi, and Alan G. Wilson. Spatial Choices and Processes, edited by Manfred M. Fischer, Peter Nijkamp, and Yorgos Y. Papageorgiou. Housing Markets and Housing Institutions: An International Comparison, edited by Björn Hârsman and John M. Quigley. Services and Metropolitan Development: International Perspectives, edited by Peter W. Daniels. Regional Innovation and Decentralization: High Tech Industry and Government Policy, edited by Ulrich Hilpert. Making a Middle Landscape, by Peter G. Rowe. Landscapes of Power: From Detroit to Disney World, by Sharon Zukin. Geographic Dimensions of United States Social Policy, edited by Janet E. Kodras and John Paul Jones III. Thirst for Growth Water Agencies as Hidden Government in California, by Robert Gottlieb and Margaret Fitz Simmons. Regional and Sectoral Development in Mexico as Alternatives to Migration, edited by Sergio Dim-Briquets and Sidney Weintraub. The High-Tech Potential: Economic Development in Rural America, by Amy K. Glasmeier.
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    Notes: . The proposition that a decentralized structure of local governments can effectively constrain public sector growth is empirically investigated. Data on Swedish municipal sector size for the 1942–87 period are analyzed within the context of a median voter model. The results indicate that decentralization, measured by the number of units of local government serving a given population, constrains the influence of institutional factors (e.g., rent seeking, bureaucracy) on local budgets as long as these units exceed some minimal threshold size. The findings support the view that communities should be given the flexibility to determine their own ideal pattern of local governments.
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    Notes: . Observations drawn from multiple markets are essential to the construction of indices of housing costs and to measures of demand for housing attributes. It is not evident when multiple markets exist or whether such markets exist for some attributes but not for others. We test for multiple markets by using Bayesian methods to assess the transferability (random exchangeability) of entire hedonic price expressions from one site and time to another, the transferability of hedonic price functions for particular attributes, and the degrees of similarity that hedonic price functions must have in order to be transferable. In our illustrations, price functions for structural housing attributes are generally transferable; prices for neighborhood attributes are not. Therefore, in our illustrations, the desired price indices and demand functions should be estimable for neighborhood attributes, but not for structural ones.
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    Notes: . The determinants of the geographic distribution of industry R&D activity are examined with particular emphasis on the role of university research as well as state science and technology programs. An analysis of a cross section of metropolitan areas indicates that industry R&D labs are located in areas with state science and technology programs, as well as in areas with higher levels of university research, larger quantities of non-welfare related local government spending, a better educated workforce, and a greater population density.
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    Notes: . The dynamic relationship between sectoral value added and regional economic growth is analyzed using a stochastic intersectoral model estimated by ordinary least squares and linear systems techniques. A state-space portion of the model identifies the time element of sedoral value added. Dynamic multipliers, tracing the temporal path of regional growth, are calculated for the state of Georgia over the period 1963–1986. This application shows that the impacts of sectoral shocks can follow cyclical as well as monotonic patterns and that the direction and magnitude of the impact may change over time.
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    Notes: Goods production and services have become increasingly integrated within a flexible, information-oriented system of production organization. In this context, it is argued here that producer services–carried out both within manufacturing firms and by “independent” enterprises–play a pivotal role in expanding the division of labor, productivity, and per capita income. This proposition is supported by results of an empirical analysis of metropolitan areas in major U.S. regions and in the nation as a whole.
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    Notes: In this paper, we outline the specification and estimation of a time series of multiregional net-migration equations subject to first-order serial correlation. We show that the necessary nonstochastic adding-up constraint, which requires that net migration in the system sum to zero, imposes restrictions on the serial-correlation coefficients. We estimate equations under these restrictions using data for the ten Canadian provinces for the period 1962-1985. The results confirm the significance of the serial-correlation coefficient and, hence, the importance of incorporating this correction in future time-series models of multiregional migration.
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    Notes: In this paper, I present an axiomatic basis for the neoclassical model of household location in a monocentric urban area. I generalize the existing framework and demonstrate that many of the conclusions derived using parametric models continue to hold even without the popularly assumed well-behaved utility and transportation cost functions.
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    Notes: This paper shows that a time-series version of export-based location quotients, which decompose area employment into export and local components are co-integrated. Given the statistically established co-integrating relation between the time series for export and local employment, the Granger Representation Theorem tells us that an error-correction mechanism model is the appropriate time-series model specification. A set of forecasting experiments is carried out, in order to test whether the error-correction model produces better long-run forecasts that hold together in economically meaningful ways. Given the computer hardware and software that currently exist, the model developed here represents a simple, low-cost method for accurately forecasting local-area employment in the tradition of past work on export-base models.
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    Notes: With the view that travel behavior stems from the principle of utility maximization, in this paper I present a spatial translog demand model that accounts for interdependence among travel alternatives and that handles varying elasticities of substitution for various destination pairs. Using simulation as the mode of inquiry, this model describes the effect of spatial size, spatial configuration, and spatial substitution on spatial interaction. In addition to indicating how varying spatial sizes and configurations affect the average trip length and the trip making pattern, the simulation results also point out the possible effect of having spatially dependent locations in the system. Competing destinations increase the attractiveness of nearby locations, and complementary destinations reduce the impeding effect of space. The model is primarily relevant to the demand for shopping trips.
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    Notes: This paper examines the theoretical implications of quantity-discounted transportation rates on the optimum location decision of the firm. It shows that the linearly homogeneous or homothetic production function is not a sufficient condition for the independence between the optimum location and the output level, unless (i) the elasticities of transportation rates with respect to quantity shipped are constant and identical, and (ii) the ratios of marginal products 60 the marginal transportation costs are equal for each input.
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    Notes: A Marginal Economy? East Anglian Breckland in the Later Middle Ages, by Mark Bailey. Peripheralisation and Industrial Change, edited by G. J. R. Linge. Recursive Methods in Economic Dynamics, by Nancy L. Stokey and Robert E. Lucas, Jr., with Edward C. Prescott. Facility Location Analysis: Theory and Applications, edited by François V. Louveaux, Martine Labbé, and Jacques-François Thisse. Expert Systems: Applications to Urban Planning, edited by Tschangho John Kim, Lyna L. Wiggins, and Jeff R. Wright. Modelling Urban Housing Market Dynamics, by L. J. G. Van Wissen and Annamarie Rima. Choice and Allocation Models for the Housing Market, by Jan Rouwendal. The Economic Value of Visibility, edited by George Tolley and Robert Fabian. Benefit-Cost Analysis: A Political Economy Approach, by A. Allan Schmid. Regional Economic Modeling in Theory and in Practice, by Curtis C. Harris, Jr. and Mehrzad Nadji. Integrated Multiregion Models for Policy Analysis: An Australian Perspective, by Christine Smith. Information Technology: Social and Spatial Perspectives, edited by Isao Orishimo, Geoffrey J. D. Hewings, and Peter Nijkamp.
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    Notes: The stability of regression coefficients over the observation set (“regional homogeneity”) is typically assessed by means of a Chow test or within a seemingly unrelated regression (SUR) framework. When spatial error autocorrelation is present in cross-sectional equations the traditional tests are no longer applicable. I evaluate this both in formal terms as well as empirically. I introduce a taxonomy of spatial effects in models for structural instability, and discuss its implication for testing. I compare the performance of traditional tests, robust approaches, maximum-likelihood procedures and pretest techniques by means of a series of simple Monte Carlo experiments.
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    Notes: The present paper derives analytical expressions for the sensitivity of input-output multipliers to errors in the data. The effects on the simple output multipliers are investigated for additive errors, multiplicative errors in the columns, multiplicative errors in the rows, error rectangles, the error couple and the single error, and price changes. In contrast to earlier investigations, the results are not obtained from the Leontief inverse. The present approach focusses on the effects of errors on the eigenvector corresponding to the dominant eigenvalue. It is indicated how similar expressions may be derived for several other multipliers.
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    Notes: In this note, I present a method to estimate the desired distance between medical facilities. The survival rate of patients improves when the facility is larger, however larger facilities result in a longer driving distance to the facility which decreases the survival rate. I identify the desired distance between facilities for which the survival rate is maximized.
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    Notes: A wide variety of existing models of spatial agglomeration postulate additive-interaction effects among agents. In this paper, a synthesis of such models is achieved by establishing certain mathematical equivalences between them. In particular, it is shown that Rockafellar's conjugacy theory of concave functions yields a symmetric one-to-one correspondence between three classes of existing models, here designated as spatial-accessibility models, endogenous-contact models, and fixed-contact models. These correspondences not only allow the transference of results between models, but also suggest new economic interpretations of each model in terms of its conjugate model. A series of examples are drawn from the literature to illustrate these results.
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    Notes: In this paper, we use a two-stage intercity hedonic model to estimate household demand for public safety. This approach is shown to readily address the identification problem inherent in the hedonic model. Data from the 1980 Public Use Microdata Sample are used to estimate a willingness-to-pay function for the public-safety good. Income is found to be the primary determinant of willingness to pay. Indeed, the influence of income outweighs the combined impact of family life-cycle considerations.
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    Notes: . This paper is concerned with the impacts of academic knowledge production (human capital, research, and consultancy) on the investment behavior of the manufacturing industry. Beginning with the neoclassical theory of capital accumulation, a multiregional investment model for non-residential structures and equipment is developed. Within this model, the knowledge impacts of universities are represented by a diffusion function, which takes into account the possibilities of contagious and hierarchical diffusion of knowledge. Special attention has been given to the development of a theoretically sound and empirically operational investment model, and to the identification of spatio-temporal correlation. The latter has been approached by means of the use of an EGLS estimator, based on a stationary spatio-temporal Markov scheme for the residual. The main result of the case study relating to the Netherlands is that academic knowledge production has a significant positive impact on investments in equipment which is strongest in the neighborhood of central places (i.e., following a hierarchical diffusion pattern).
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    Notes: . We determine the location equilibria in a duopoly model under a novel solution concept. Typically, spatial equilibrium is described as either a simultaneous price and location game, or else as a two-stage location-then-price game. We introduce a new alternative, a two-stage price-then-location game. It is well known that no (pure strategy) equilibrium usually exists under the two standard solution concepts when products are homogeneous. We show this is also true for the new concept. We then provide numerical results for a specific functional form (the logit model) which introduces product heterogeneity into the standard framework, restoring equilibrium when the degree of substitutability between products is not too small.
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    Notes: . In The Netherlands, a strong tradition in the construction and updating of (inter)regional input-output tables has been built up. The paper gives a brief overview of this Dutch experience and discusses the features of the by now more or less standardized double-entry bi-regional construction method (DEBRIOT). This method systematically adds sales and export coefficients to the usual construction procedures. Thus, it introduces consistency checks at the cell level of the input-output table. Moreover, it offers a non-survey technique to estimate a regional domestic sales table that is crucial to the double-entry character of the method.
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    Notes: . Responding to continuing discussions in this Journal regarding the importance of regional money supply and credit, a simple reduced-form regional money supply model is posited and an investigation of real regional money supplies is performed for several states around the country. Hypothesis tests are performed regarding the question of regional financial market segmentation, concluding that segmentation still exists in the United States. The empirical results also imply that interregional trade, presumably via the consequent constraint on regional banks, has at least as much effect on regional money supplies as Federal Reserve policies. These results lend further support for the assertion that regionally available money matters at the local level, and that regional analysis should continue to include regional money and credit as explanatory variables. The implications for policy makers are that: 1) national monetary policy cannot cure regional ills if the problems are manifested in regional industry mixes; and 2) some proposed banking reforms now being debated in Congress, i.e, nationwide branch banking and, particularly, industrial ownership of banks, are suspect. A healthy caution is warranted without more tests of these reforms.
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    Notes: . This note presents a most simple proof of the superiority of hexagons over equilateral triangles of the same size in terms of minimization of the average distance between consumers and facilities. It also stresses that, under the same assumptions, facilities are closer to each other in a triangular grid than in an hexagonal grid and that this fact should not be neglected.
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    Topics: Geography , Economics
    Notes: . In this paper some of the important properties of the behavior of a spatial monopsonist (monopolist) facing a stochastic supply (demand) curve are derived. Under uncertainty, price setting and quantity setting behavior are no longer equivalent. Hence, spatial price discrimination has to be compared with spatial quantity discrimination with respect to expected profits. I prove three general theorems on how the ranking of the behavioral modes, in terms of expected profit, depends on how the stochastic component enters the supply (demand) and supply (demand) price functions. In particular, I prove that under monopsony one would expect a high probability of excess demand, in the sense that the firm would accept all deliveries at the preset price.
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    Notes: . Simple behavioral assumptions are incorporated into an accounting framework that provides linked budget and balance sheets for sectors of a regional economy. A short-run Keynesian-type model is developed where quantities rather than prices adjust, and where regional prices and interest rates are equal to national levels. The analysis highlights the importance of the financial services sector as an active factor in regional growth. Consumer deposit and debt preferences, and limitations imposed on credit extension by the financial services sector can have important effects on the regional economy as evidenced by changes in the export multiplier.
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    Notes: . In this paper I make use of a city systems model to examine how telecommunications may affect cities in urban systems. The model offers an explanation for the observation that the share of employment in the communication-intensive producer-service sector increases with city size in the U.S. I suggest that external scale economies associated with metropolitan employment size, telecommunication network size and total number of intrametropolitan telecommunication contacts are possible explanations for this observation. I go on to suggest that the presence of telecommunication size and contact level external scale economies at the metropolitan level affects the optimal price that should be charged for local telecommunication services.
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    Notes: Book reviewed in this article: Industrial Location and Public Policy, edited by Henry W. Herzog, Jr. and Alan M. Schlottmann. Deindustrialization and Regional Economic Transformation: The Experience of the United States, edited by Lloyd Rodwin and Hidehiko Sazanami. Industrial Change and Regional Economic Transformation: The Experience of Western Europe, edited by Lloyd Rodwin and Hidehiko Sazanami. Multicriteria Evaluation in Physical Planning, by Peter Nijkamp, Piet Rietveld, and Henk Voogd. The Timber Bubble that Burst: Government Policy and the Bailout of 1984, by Joe P. Mattey. The Power of Geography How Territory Shapes Social Life, edited by Jennifer Wolch and Michael Dear. From Cotton Belt to Sunbelt: Federal Policy, Economic Development, and the Transformation of the South, 1938–1980, by Bruce J. Schulman. The Changing Geography of the United Kingdom, edited by Ronald J. Johnston and Vince Gardiner. London:A New Metropolitan Geography, edited by Keith Hoggart and David R. Green. Development Dilemmas in Rural Thailand, by Philip Hirsch. The Extended Metropolis: Settlement Transition in Asia, edited by Norton Ginsburg, Bruce Koppel, and T. G. McGee. The Shek Kip Mei Syndrome: Economic Development and Public Housing in Hong Kong and Singapore, by Manuel Castells, Lee Goh, and R. Yin-Wang Kwok.
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    Journal of regional science 30 (1990), S. 0 
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    Topics: Geography , Economics
    Notes: In Hotelling location models, an implicit assumption has been made that a customer uses the service provided by the firm, independent of other customers. However, for firms that supply meeting rooms, wedding halls, tennis courts, and golf links it is essential to incorporate the fact that the customer only uses the service in conjunction with other customers. The objective of this paper is to formulate the Hotelling location model n consideration of the interdependence among customers in one-dimensional space, and to characterize the state of equilibrium. In our model, each group of members within a given distance enjoys a fixed amount of service of the firms, under the assumption that the travel cost incurred by each group is defined as the travel cost of the farthest customer in the group.
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    Notes: In this paper, I adapt to the regional level a Bayesian approach developed by Zellner, Hong, and Min (1990) to analyze forecasts of turning points in a multicountry setting. The techniques applied to a regional setting treat the individual metropolitan areas in the same way that Zellner, Hong, and Min treated countries. The findings in this study indicate that the techniques and models employed by Zellner, Hong, and Min work just as well at the metropolitan-area level as they did in the multicountry setting. The best models, from those studied here, forecast around 70 percent of the downturns and 80 percent of the upturns correctly, which compares favorably to the performance of the same techniques in Zellner, Hong, and Min.
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    Notes: Trade and Employment in Mexico, by Jaime Behar. Sustaining Agriculture Near Cities, edited by William Lockeretz Understanding Peasant Agriculture: An Integrated Land-Use Model for the punjab, by Joseph H. Astroth, Jr.
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    Notes: Urban Economic Theory: Land Use and City Size, by Masahisa Fujita. Spatial Interaction Models: Formulations and Applications. by A. Stewart Fotheringham and Morton E. O'Kelly. Frontiers of Input-Output Analysis, edited by Ronald E. Miller, Karen R. Polenske, and Adam Z. Rose. Advances in Spatial Theory and Dynamics, edited by Åtke E. Andersson, David F. Battern, Börje Johansson, and Peter Nijkamp. Regional Structural Change: Experience and Prospects in Two Mature Economies, edited by Lay Gibson and Robert J. Stimson. Australian Regional Developments: Readings in Regional Experiences, Policies and Prospects, edited by Benjamin Higgins and Krzysztof Zagorski. South Australian Manufacturing in Transition, edited by Trevor J. Mules. Battling the Inland Sea: American Political Culture, Public Policy, and the Sacramento Valley, 1850-1986, by Robert Kelly. Pacific Visions: California Scientists and the Environment, 1850-1915, by Michael L. Smith. America's Ailing Cities: Fiscal Health and the Design of Urban Policy, by Helen F. Ladd and John Yinger. Integrated Urban Systems Modelling: Theory and Applications, by Tschangho John Kim in association with Jeong Hyun Rho and Sunduck Suh. Impacts of Industrial Robotics: Potential Effects on Labor and Costs within the Metalworking Industry, by Steven M. Miller.
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    Notes: By ignoring individual unemployment compensation benefits and conditions of job termination, past migration research has concluded that personal unemployment doubles the likelihood of interstate labor-force migration. Findings from the present study indicate that aggregating the unemployed, without adjusting for these two factors, overstates the probability of migration for the involuntarily unemployed benefit recipient and understates the likelihood of migration for the voluntarily unemployed benefit recipient. The results suggest that federal discretionary unemployment-compensation programs, which are implemented during recessionary periods, likely serve to retard out-migration of those who are involuntarily unemployed.
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    Notes: In this paper, I investigate some of the causes of city formation in spatial economies. A model is proposed in which an intermediate differentiated input shared by more than one industry is the cause of the formation of diversified cities. The desire of both the traded-good and the local-good industries to employ a variety of inputs from the intermediate industry provides the reason for the agglomeration of the three industries. In addition, the paper contains a comparative-statics analysis of the model in an open and a closed-city framework. It is demonstrated that the larger the city, the more variety of intermediate inputs the city can provide and the more specialized it is in the production of the traded-good. Moreover, the model suggests that different industrial structures will result in different city Sizes.
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    Notes: This note analyzes whether central cities and suburbs of a metropolitan area relate to each other in a meaningful way. Specifically, it analyzes whether there is a factor specific to the metropolitan area in central-city and suburban growth once national and regional factors have been taken into account. Data are analyzed for growth of metropolitan areas from 1960 to 1980.
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    Notes: This paper questions the plausibility of the assumption of interregional equilibrium in recent research into migration and the valuation of amenities in the United States. It is shown that it is difficult to develop a satisfactory explanation for continuing net migration which is compatible with the equilibrium assumption, and that recent relevant research generally fails to support the idea that the U.S. economy is in equilibrium. The association of higher rent levels with in-migration is explained as a short-run phenomenon. If the spatial economy is in disequilibrium, then the valuations of amenities assuming equilibrium will be biased, being probably too low in areas of net in-migration and too high in areas of net out-migration.
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    Notes: This note considers Blair, Kaserman, and Romano's conclusion (1989) that the only optimal solution in the case of bilateral monopoly is the joint profit maximization solution and examines the pattern of industrial location under joint profit maximization.
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    Notes: In this paper, I consider a general equilibrium urban spatial structure in the setting of a port city by adopting Cobb-Douglas type functional forms for production and utility functions. Unlike previous port-city models, this one can generate four land-use patterns, that is, (1) monocentric, (2) completely integrated, (3) partially integrated (with integration at the center), and (4) partially integrated (with integration at the urban fringe) land-use patterns, and the last pattern suggests a new explanation of suburbanization of employment. The existence and uniqueness of each land-use pattern is proven in a simple constructive way.
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    Notes: In this paper, I model a simple hierarchical inter-urban system in which the location of business firms is considered together with the determination of residential land-use patterns. By supposing a spatial externality between the business firms and all the residents of the region, three spatial structures are obtained: monocentricity, multicentricity, and a separate pattern where cities are spatially split with an agricultural land existing between them. It is also shown that the spatial structures of monocentric and multicentric patterns formed by the market principle tend to be more concentrated than the optimum.
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    Notes: In this paper, I examine the conditions and decision rules pertaining to the efficient provision of a central park in a city (provision that must satisfy the Samuelson condition). An interesting finding is that an additional opportunity cost that results from competition with residential use must be included to determine the efficient size of a central park. An efficient central park is larger in a city with public landownership than in a city with absentee landownership. Profit maximization and population maximization can be used as decision rules to determine the efficient provision of a central park in both an open city with absentee landownership and one with public landownership. The net benefit of a central park in a closed city with absentee landownership is reflected not only in the land rent or profit, but also in the utility level, while that of a closed city with public landownership is fully reflected in the utility level. It is not feasible to determine the efficient size of a central park for a closed city with either absentee or public landownership solely based on observable market information.
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