Related papers: Gentrification, Mobility, and Consumption
COVID-19 has deeply affected daily life and travel behaviors. Understanding these changes is crucial, prompting an investigation into socio-demographic and socio-economic factors. This study used large-scale mobile device location data in…
Cities host diverse people and their mixing is the engine of prosperity. In turn, segregation and inequalities are common features of most cities and locations that enable the meeting of people with different socio-economic status are key…
Segregation is a growing concern around the world. One of its main manifestations is the creation of ghettos, whose inhabitants have difficult access to well-paid jobs, which are often located far from their homes. In order to study this…
Racial residential segregation is interconnected with several other phenomena such as income inequalities, property values inequalities, and racial disparities in health and in education. Furthermore, recent literature suggests the…
Housing costs have a significant impact on individuals, families, businesses, and governments. Recently, online companies such as Zillow have developed proprietary systems that provide automated estimates of housing prices without the…
We show that a simple model of a spatially resolved evolving economic system, which has a steady state under simultaneous updating, shows stable oscillations in price when updated asynchronously. The oscillations arise from a gradual…
We study the consumption behaviour of an asymmetric network of heterogeneous agents in the framework of discrete choice models with stochastic decision rules. We assume that the interactions among agents are uniquely specified by their…
I show that house prices can be modeled using machine learning (kNN and tree-bagging) and a small dataset composed of macro-economic factors (MEF), including an inflation metric (CPI), US treasury rates (10-yr), Gross Domestic Product…
Motion is a typical reaction among animals and humans trying to reach better conditions in a changing world. This aspect has been studied intensively in social dilemmas where competing players' individual and collective interests are in…
We propose a new class of inflationary models in which inflation takes place while the inflaton is climbing up a potential hill due to a coupling to gravity. We study their attractor behavior, and investigate its relation with known…
Humans are social animals, they interact with different communities of friends to conduct different activities. The literature shows that human mobility is constrained by their social relations. In this paper, we investigate the social…
Studies using massive, passively data collected from communication technologies have revealed many ubiquitous aspects of social networks, helping us understand and model social media, information diffusion, and organizational dynamics. More…
We consider hundreds of thousands of individual economic transactions to ask: how predictable are consumers in their merchant visitation patterns? Our results suggest that, in the long-run, much of our seemingly elective activity is…
Income redistribution is the transfer of income from some individuals to others directly or indirectly by means of social mechanisms, such as taxation, public services and so on. Employing a spatial public goods game, we study the influence…
Social structures influence a variety of human behaviors including mobility patterns, but the extent to which one individual's movements can predict another's remains an open question. Further, latent information about an individual's…
We look at price formation in a retail setting, that is, companies set prices, and consumers either accept prices or go someplace else. In contrast to most other models in this context, we use a two-dimensional spatial structure for…
Recent seminal works on human mobility have shown that individuals constantly exploit a small set of repeatedly visited locations. A concurrent literature has emphasized the explorative nature of human behavior, showing that the number of…
The recent availability of data for cities has allowed scientists to exhibit scalings which present themselves in the form of a power-law dependence with population of various socio-economical and structural indicators. We propose here a…
Residential segregation in metropolitan areas is a phenomenon that can be observed all over the world. Recently, this was investigated via game-theoretic models. There, selfish agents of two types are equipped with a monotone utility…
This paper demonstrates how reinforcement learning can explain two puzzling empirical patterns in household consumption behavior during economic downturns. I develop a model where agents use Q-learning with neural network approximation to…