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Category Archives: R5

Directing Development: Do One-Way Roads Inhibit Downtown Development? A Case Study of Hickory, North Carolina

by Adeleine Geitner Abstract In cities across the United States, residents and policymakers have passed measures to increase accessibility and walkability as a strategy for revitalizing disinvested downtowns. Alongside many of these measures, one-way roads have been reverted to two-way traffic due to their observed hindrance on walkability and pedestrian safety. In Hickory, North Carolina, […]

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Taxing Marijuana and the Road to Reparations:  Comparing the Colorado and Illinois Cannabis Markets

by Tommaso Carlo Filippo Babucci Abstract Although still prohibited at the federal level, cannabis can now be found on the shelves of recreational dispensaries across thirty-three U.S states. This thesis examines the development of this legal market from both historical and empirical perspectives.  Using a new data set, it estimates the determinants of cannabis sales […]

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The Impact of Agglomeration Externalities on Product Innovation Output in Chinese Industrial Firms

By Cindy Feng   Agglomeration externalities is defined as the economic benefits from concentrating firms, housing, and output. This study investigates the impact of agglomeration externalities of industrial firms on product innovation output in China. In the research, I specified the impact of agglomeration into three types: Marshallian or localization externalities, defined as the impact of […]

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Segregation, Bargaining Power and Environmental Justice

By Kai Yu Lee Under efficient Coasian bargaining, the recipients of an environmental harm are compensated by the polluter for every unit of the nuisance that they bear. When those doing the negotiation are also those bearing the costs of the environmental harm, this will lead to an efficient outcome in which the benefits and […]

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Understanding the Value of Amenities: A Study of the Land Value Determination Process in Hangzhou, China

By Ching-Ching Chen This paper seeks to investigate the determinants of land within Hangzhou China.  There are two main goals that the research paper will attempt to address. The first is to build upon existing research on land pricing in terms of the theories outlined by the monocentric city and hedonic pricing models. Second, the […]

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