Examining the role of economic opportunity and amenities in explaining population redistribution
Article Abstract:
A model of migration that incorporates both equilibrium and disequilibrium elements in which individuals and firms develop rational expectations about future opportunities is constructed. In this model, equilibrium suggests a combination of wages, rents and amenities in a way that results in firms earing zero profits at all locations while households receive a common utility level. This model is then extended to include disequilibrium, where firms consider not only existing opportunities. They also take note of future opportunities across locations and develop completely rational expectations. Disequilibrium is seen as the element that leads to household relocation and firm relocation. An empirical application on this model is then discussed.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1995
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Mobility behavior of the elderly
Article Abstract:
An especially interesting theoretical sub-case of a general migration model which interacts with certain individual-specific traits is provided by mobility patterns of the aged. Examples of such individual-specific traits include health and retirement status. Location-specific traits such as rents, amenities, and wages are also considered. Spatially-variant incomes such as dividends and pensions of the retired are demonstrated to foster migration toward places where rent and wage compensation for amenities occurs mostly in the labor market rather than the land market. Empirical data appears to mesh with theoretical expectations, but more investigation is clearly needed.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1988
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Controlling the abandonment of automobiles: mandatory deposits vs fines
Article Abstract:
Abandonment of automobiles is a growing environmental concern, with an estimated 15% of all automobiles in the US being left along roadsides after becoming useless. Imposing fines on this kind of littering may not be the most effective way of controlling it. The imposition of mandatory deposits on automobiles is proposed as an alternative. A model is presented establishing that mandatory deposits can achieve dynamic efficiency as to the rate of car abandonment, the rate of car recovery and the growth rate of the stock of abandoned cars.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1992
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