Related papers: Gentrification, Mobility, and Consumption
Understanding the drivers of urban mobility is vital for epidemiology, urban planning, and communication networks. Human movements have so far been studied by observing people's positions in a given space and time, though most recent models…
In recent years Australia has observed a growing, unexplained resilience of increasing house price trends. Here, we seek to understand what is driving Australia's indestructible asset using insights from market experts. We construct a…
Transportation equity advocates recommend improving public transit in low-income neighbourhoods to alleviate socio-spatial inequalities and increase quality of life. However, transportation planners often overlook transit investments in…
In this study interest centers on regional differences in the response of housing prices to monetary policy shocks in the US. We address this issue by analyzing monthly home price data for metropolitan regions using a factor-augmented…
Agglomeration economies drive urban growth at different spatial scales by enabling productivity gains, knowledge spillovers, and shared inputs among proximate firms and amenities. To develop a unified science of cities it is thus important…
As a key energy challenge, we urgently require a better understanding of how growing urban populations interact with municipal energy systems and the resulting impact on energy demand across city neighborhoods, which are dense hubs of both…
Cities attract a daily influx of non-resident commuters, reflecting their roles within wider urban networks -- not as isolated places. However, it remains unclear how this interconnectivity shapes the way crime scales with population, given…
Human mobility patterns deeply affect the dynamics of many social systems. In this paper, we empirically analyze the real-world human movements based GPS records, and observe rich scaling properties in the temporal-spatial patterns as well…
We examine whether mobility measures appropriately represent changes in individual status, like income or ranks. We suggest three elementary principles for mobility comparisons and show that many commonly used indices violate one or more of…
As distribution systems move towards being more actively managed there is increased potential for regional markets and the application of locational marginal prices (LMPs) to capture spatial variation in the marginal cost of electricity at…
We study competitive equilibria in exchange economies when a continuum of goods is conflated into a finite set of commodities. The design of conflation choices affects the allocation of scarce resources among agents, by constraining trading…
Our computational economic analysis investigates the relationship between inequality, mobility and the financial accumulation process. Extending the baseline model by Levy et al., we characterise the economic process through stylised return…
In recent years, we have seen scientists attempt to model and explain human dynamics and, in particular, human movement. Many aspects of our complex life are affected by human movements such as disease spread and epidemics modeling, city…
Since the development of the original Schelling model of urban segregation, several enhancements have been proposed, but none have considered the impact of mobility constraints on model dynamics. Recent studies have shown that human…
The main purpose of this paper is to generalize some recent results obtained by Chilarescu and Manuel Gomez. Essentially, we are trying to study the effect of elasticity of substitution on the parameters of economic growth, based on its two…
Seasonality has traditionally shaped the U.S. housing market, with activity peaking in spring-summer and declining in autumn-winter. However, recent disruptions, particularly post-COVID-19, raise questions about shift in these patterns.…
We consider a simple stochastic model of a urban rental housing market, in which the interaction of tenants and landlords induces rent fluctuations. We simulate the model numerically and measure the equilibrium rent distribution, which is…
There are hidden observables for inflation, such as features localized in position space, which do not manifest themselves when only one inflation trajectory is considered. To address this issue, we investigate inflation dynamics in a…
We study economies where consumers interact independently with many monopolists. When consumer valuations over goods are correlated, correlation can distort the induced distribution of consumer surplus (information rents). We identify which…
The conventional practice of retail electric utilities is to aggregate customers geographically. The utility purchases electricity for its customers via bulk transactions on the wholesale market, and it passes these costs along to its…