Many resort communities in the U.S. Rocky Mountain West are experiencing rapid inmigration and growth because the natural and built amenities in those areas attracted people and investment. This study uses an agent-based model to explore how homeowners’ investment and reinvestment decisions are influenced by the level of investment and amenities available in their neighborhoods in a case study ...

The conventional approach to evaluating a law is to examine its effect on proximate behavior. To evaluate a new criminal law, for example, the conventional approach would look to changes in the crime rate. This paper argues instead that laws should be judged by the extent to which they raise housing prices and lower wages. The logic is that the value of a law, much like the value of a lake or a...

Urban trees provide substantial public health and public environmental benefits. However, scholarly works suggest that urban trees may be unequally distributed among poor and minority urban communities, meaning that these communities are potentially being deprived of public environmental benefits, a form of environmental injustice. The evidence of this problem is not uniform however, and eviden...

Indian Railways is the largest railway network in Asia. With a modest beginning India on April 16, 1853, when first wheels rolled rails from Bombay to Thane, has emerged today as main vehicle for socio-economic development of country. Some services provided by are freight services, parcel carrier and catering, tourism other related owned Government India. 1.3 million employees, it employer orga...

This paper demonstrates that migration lowers welfare gains from new local public goods (like electricity, hospitals or schools) by congesting inelastically supplied local amenities. Our simple model shows that the structure of the market for local amenities matters for welfare: Program-induced migration will be higher and congestion externalities larger when markets for local amenities (like l...