Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no arbitrage conditions, such as the prediction that individuals must be indifferent between owning and renting. This paper argues the predictions from ...

This paper investigates the characteristics of Canadian manufacturing plants that are related to the use of advanced technologies. The data used are taken from the 1989 Survey of Manufacturing Technology and are linked to administrative data taken from the Census of Manufacturers. Technology use is defined first as incidence (whether a technology is used) and second as intensity (the number of ...

This paper assesses the extent to which dog owners located in Brisbane, Australia wish to holiday with their pets and if there is a gap between this desire and reality. The paper also examines the extent to which this demand is being catered for by the tourism accommodation sector. The need for this study reflects the increasingly significant role dogs are playing in the lives of humans and the...

OBJECTIVE To assess whether a dose-response relation exists between the number of cigarette promotional items (CPIs) owned by an adolescent, and smoking behaviour. DESIGN AND SETTING Voluntary, self administered survey of 1265 sixth through to 12th grade students (ages 10-19 years), representing 79-95% of all students attending five rural New Hampshire and Vermont public (state funded) school...

This paper contrasts the costs and benefits of leasing, rather than owning real estate assets. Consistent with the financing and agency costs hypotheses, I find that large and high growth companies are likely to lease than to own real estate. The results also indicate that leasing companies are more efficient in using their real estate and that these benefits are compounded in share price valua...