This study proposes a novel approach to estimating a recreational demand model that accounts for intra-household resource allocation. The technique is based on an analogy borrowed from the literature of collective household behavior and, in particular, on Browning, Chiappori and Lewbel...

Each year U.S. farmers receive more subsidies than needy families receive through welfare assistance or post-secondary students receive through student aid grants. Yet, who benefits from agricultural subsidies is an open question. Economic theory predicts the entire subsidy incidence should be...

This paper investigates the economic incentives for urban spatial expansion in China by estimating the value of urban land using an econometric model applied to data from the 220 largest Chinese cities for the period 1996-2003. The results are consistent with the proposition that the rapid rate...

We investigate conceptually and empirically the role of economic incentives in the primary land allocation in China in recent years. A theoretical analysis demonstrates how recent fiscal and governance reforms give rise to land conversion decisions and long run urban spatial sizes much like...

A hedonic property value model, derived from a dynamic game theoretic framework, is estimated using data obtained for 211 subdivisions including 4628 building lots in five Maryland counties. Linear Box-Cox estimation results show that variables measuring subdivision specific amenities...