I study the consumption responses of heterogeneous households following changes in both house prices and interest rates. I show the common assumption that household period utility is separable in housing and consumption can be consistent with the observed co-movement between these two series only in the absence of housing transaction costs. When these costs are introduced into dynamic stochasti...

The first electronic Economics preprint appeared in 1993. Since then the growth has been dramatic as the use of the World Wide Web has exploded. RePEc has been instrumental in facilitating access to Economics preprints and in bringing order to the chaos that the WWW frequently represents. In a related effort S-WoPEc provides user friendly tools for adding data to the RePEc system. While this is...

This paper considers the intersection of academic spatial analysis with the open source revolution. Its basic premise is that the potential for cross-fertilization between the two is rich, yet some misperceptions about these two communities pose challenges to realizing these opportunities. The paper provides a primer on the open source movement for academicians with an eye towards correcting th...

The next leap on the internet has already started as Semantic Web. At its core, Semantic Web transforms the document oriented web to a data oriented web enriched with semantics embedded as metadata. This change in perspective towards the web offers numerous benefits for vast amount of data intensive industries that are bound to the web and its related applications. The industries are diverse as...