Program - Kraks Fonds Byforskning
Transcription
Program - Kraks Fonds Byforskning
New developments in the analysis of residential location choice Copenhagen, October 23, 2015 Workshop program New developments in the analysis of residential location choice Fæstningens Materialgård (the Fortifications Depot), Copenhagen New developments in the analysis of residential location choice 1 Workshop program, October 23, 2015 WIFI: DAC Guest 08.45-09.15 Registration and morning coffee 09.15-09.30 Introduction: Cecilie Dohlmann Weatherall (the Kraks Fond) Ismir Mulalic (Technical University of Denmark) 09.30-10.15 Henry Overman (The London School of Economics and Political Science): Sorting and spatial disparities: implications for urban policy Discussed by: Jos Van Ommeren (VU University Amsterdam) 10.15-11.00 Nathalie Picard (Université de Cergy-Pontoise): Couple Residential Location and Spouses Workplaces Discussed by: Maria Börjesson (KTH Royal Institute of Technology) 11.00-11.20 Coffee break 11.20-11.50 Amy Binner (University of Exeter): The distributional consequences of local environmental interventions: An equilibrium sorting model with buyers and sellers, renters and landlords Discussed by: Bjarne Madsen (Centre for Regional and Tourism research) 11.50-12.20 Lars Nesheim (University College London): A Selection Model of Hedonic House Values and Rents Discussed by: Cathrine Ulla Jensen (University of Copenhagen) 12.20-12.50 Luis Quintero (Johns Hopkins University): A New Approach to Estimating Hedonic Pricing – Functions for Metropolitan Housing Markets Discussed by: Pascal Mossay (Newcastle University) 12.50-13.45 Lunch 13.45-14.30 Nicolai Kuminoff (Arizona State University): Partial Identification of Preferences from a Dual-Market Sorting Equilibrium Discussed by: Bo Jellesmark Thorsen (University of Copenhagen) 14.30-15.15 Jan Rouwendal (VU University Amsterdam): Public transport and car ownership: evidence from the Copenhagen metropolitan area Discussed by: Gabriel Pons Rotger (The Danish National Centre for Social Research) 15.15-15.35 Coffee break 15.35-16.05 Simon Juul Hviid (Aarhus Universitet): Valuation of Non-Traded Amenities in a Dynamic Demand Model Discussed by: Mogens Fosgerau (Technical University of Denmark) 16.05-16.35 H. Spencer Banzhaf (Georgia State University): Panel Data Hedonics: Rosen’s First Stage and Difference-inDifferences as ”Sufficient Statistics” Discussed by: Toke Emil Panduro (University of Copenhagen) 16.35-17.20 Christopher Timmins (Duke University): Estimating the Marginal Willingness to Pay Function Without Instrumental Variables Discussed by: John Clapp (University of Connecticut) 17.20-17.30 Closure: Ismir Mulalic (Technical University of Denmark) Lars P. Geerdsen (the Kraks Fond) 17.30-18.30 Reception New developments in the analysis of residential location choice 2 Keynotes New developments in the analysis of residential location choice 3 1. Henry Overman 2. Nathalie Picard 3. Nicolai Kuminoff Henry Overman, BSc. (Bristol), Msc. (LSE), PhD. (LSE), AcSS, FRSA is Professor of Economic Geography in the department of Geography and Environment at the London School of Economics. From 2008 to 2013 he directed the BIS/ESRC/WG funded Spatial Economics Research Centre. From September 2013 he is director of the new BIS/ CLG/ESRC What Works Centre for Local Economic Growth. His current research interests include the causes and consequences of spatial disparities and the impact of urban and regional policy. His research has been published in leading economics journals (The Review of Economics Studies and The Quarterly Journal of Economics) and leading economic geography journals (Environment and Planning and Journal of Economic Geography). He continues to publish in journals from both disciplines. He has provided policy advice to, amongst others, the European Commission, Department for International Development, Department for Business Innovation and Skills, Department for Communities and Local Government and the Department for Transport, HM Treasury, the Manchester Independent Economic Review, the North East Independent Economic Review and Cambridgeshire County Council. He is a member of the Manchester Economic Advisory Panel and is also affiliated with the Centre for Economic Performance and the Centre for Economic Policy Research. Nathalie Picard is a Professor of Economics at the University of Cergy-Pontoise and researcher at THEMA and at Ecole Polytechnique. She holds a Ph.D. in Economics from the Ecole des Hautes Etudes en Sciences Sociales. Nathalie Picard’s research areas are micoroeconometrics, discrete choice models, transport economics, urban economics, economics of the family, collective models, risk analysis, policy evaluation, behavioral finance and demographic economics. Nathalie Picard’s research has been published in Journal of Economic Theory, Journal of Urban Economics, Transportation Science, Transportation Research, Theory and Decision, Marketing Letters, Mathematical Population Studies, Journal of Population Economics. Nathalie Picard’s research focuses on family decision process in transport, urban economics and finance. Recent research topics include couple’s location choice, couple’s mode choice, joint departure time, collective decision-making under risk, collective discrete choice models, network equilibrium with heterogenous risk averse drivers, value of information, and LUTI models. Nicolai Kuminoff is an Assistant Professor of Economics at Arizona State University and NBER. He holds a Ph.D. in Economics from North Carolina State University. His primary research area is environmental economics. His research has been published in the American Economic Review, International Economic Review, Journal of Economic Literature, Journal of Environmental Economics and Management, and Journal of Urban Economics. His research focuses on understanding what can be learned about households’ heterogeneous preferences for local public goods from the observable features of spatial sorting equilibria in markets for housing and other goods. His recent research topics include developing national accounts for non-market amenities, estimating the distributional welfare implications of policies designed to simplify choice architecture in markets with incomplete information, and estimating the value of a statistical life. Contact informations E-mail: kuminoff@asu.edu CV: www.public.asu.edu/~nkuminof/ Contact informations E-mail: nathalie.picard@u-cergy.fr CV: www.thema.u-cergy.fr/membres/ nathalie-picard Contact informations E-mail: h.g.overman@lse.ac.uk CV: www.lse.ac.uk/researchandexpertise/ experts/profile.aspx?KeyValue=h.g.overman%40lse.ac.uk New developments in the analysis of residential location choice 4 4. Jan Rouwendal 5. Christopher Timmins Jan Rouwendal is a Professor at the Department of Spatial Economics of VU University. He studied spatial economics at Erasmus University Rotterdam and holds a Ph.D. in Economics from VU University. His primary research area is urban economics, but he has also an interest in transportation economics and housing market issues. Recent research topics include the economic valuation of cultural heritage, social interaction effects and hedonic analysis. Professor Rouwendal is a research fellow of Tinbergen Institute, the Amsterdam School of Real Estate and Netspar. His research has been published in the Journal of Urban Economics, Journal of Applied Econometrics, Journal of Economic Geography, Regional Science and Urban Economics, Real Estate Economics and Transportation Research. Christopher D. Timmins is a Professor in the Department of Economics at Duke University, with a secondary appointment in Duke’s Nicholas School of the Environment. He holds a BSFS degree from Georgetown University and a Ph.D. in Economics from Stanford University. Professor Timmins was an Assistant Professor in the Yale Department of Economics before joining the faculty at Duke in 2004. His professional activities include teaching, research, and editorial responsibilities. Professor Timmins specializes in natural resource and environmental economics, but he also has interests in industrial organization, development, public and regional economics. He works on developing new methods for non-market valuation of local public goods and amenities, with a particular focus on hedonic techniques and models of residential sorting. His research has focused on measuring the costs associated with exposure to poor air quality, the benefits associated with remediating brownfields and toxic waste under the Superfund program, the valuation of non-marginal changes in disamenities, and the causes and consequences of ”environmental injustice”. His most recent projects have examined various aspects of the social costs of hydraulic fracturing for the extraction of natural gas. Contact informations E-mail: j.rouwendal@vu.nl CV: www.feweb.vu.nl/nl/afdelingenen-instituten/spatial-economics/staff/ j-rouwendal/index.asp Professor Timmins is a research associate in the Environmental and Energy Economics group at the National Bureau of Economic Research, and has served as a reviewer for numerous environmental, urban, and applied microeconomics journals. He currently serves on the editorial board of the American Economic Review and is a co-editor of the Journal of the Association of Environmental and Resource Economists. Contact informations E-mail: christopher.timmins@duke.edu CV: www.econ.duke.edu/people?Uil=timmins&subpage=profile New developments in the analysis of residential location choice 5 About the organizers New developments in the analysis of residential location choice 6 Kraks Fond – Institute for Urban Economic Research Kraks Fond - Institute for Urban Economic Research is an independent research unit under the Krak Foundation. The Kraks Fond Institute covers a research field of economic, sociological, and geographical issues. Results are available to decision makers, the general public, and researchers alike. DTU Transport DTU Transport is a department at the Danish Technical University (DTU). The purpose of the department is to strengthen transport research with special focus on such fields as transport economics and transport modelling as well as transport safety and risk. Within these research fields DTU Transport carries out academic research, applied research besides working with innovation, consultancy services and communication of know-how with a view to making the results of research and development available for practical exploitation. Ismir Mulalic Ninette Pilegaard Ismir Mulalic (1977) is an Associate Professor at the Technical University of Denmark. Ismir holds a Ph.D. in Economics from the University of Copenhagen (2011). His research areas are applied microeconomics and applied microeconometrics, in particular urban economics and transportation economics. His research has been published in the Economic Journal, The Journal of Economic Geography, Transportation Research, Economics of Transportation and Transport Policy. Ismir’s research focuses on both applied and theoretical research problems. Recent research topics include consumer choice behaviour for durables, the causal effect of commuting distance on workers’ wages, the redistributive effects of taxes on different commodity categories, the residence choice decision (residential sorting), the determinants of the trucking firm fuel use, car use (rebound effect) and parking policy. Ninette Pilegaard (1972) is a Senior Researcher at the Technical University of Denmark. Ninette holds a Ph.D. in Economics from the University of Copenhagen (2003). Her research areas are applied microeconomics and applied econometrics, in particular transportation economics, urban economics and labour markets. Her research has been published in the Economic Journal, Regional Science and Urban Economics, Journal of Transport Economics and Policy and Danish Economic Journal. Ninette’s research focuses on both applied and theoretical research problems. Recent research topics include the residence choice decision (residential sorting), the causal effect of commuting distance on workers’ wages, commuting costs and residential moving behavior, the effect of firm relocation on worker-turnover, parking policy, wider economic benefits of transport policies and transport regulation and the labour market. Contact informations E-mail: imu@transport.dtu.dk CV: www.transport.dtu.dk/english/ Service/Phonebook/Person?id=41321&cpid=55020&tab=1 Contact informations E-mail: np@transport.dtu.dk CV: www.transport.dtu.dk/english/ Service/Phonebook/Person?id=38997&cpid=55012&tab=2&qt=dtupublicationquery New developments in the analysis of residential location choice 7 Abstracts New developments in the analysis of residential location choice 8 Sorting and spatial disparities: implications for urban policy Henry Overman The London School of Economics and Political Science E-mail: h.g.overman@lse.ac.uk Abstract Many countries exhibit large spatial disparities at a variety of spatial scales. It is increasingly well understood that a large part of these disparities can be explained by the sorting of households and firms across space. This has profound implications for the formulation and evaluation of urban policy. This session will discuss these issues from both the academic and policy maker perspective. Couple Residential Location and Spouses Workplaces Abstract Pierre-André Chiappori Columbia University André de Palma École Normale Supérieure de Cachan Nathalie Picard Université de Cergy-Pontoise E-mail: nathalie.picard@u-cergy.fr Ignacio A. Inoa Université de Cergy-Pontoise The main purpose of this paper is to study the bargaining power of the household members in the context of location decisions. One important side product of our analysis is the computation of the values of time of the man and the woman. The transport literature neglects the bargaining power, which leads to biased measures of the values of time. We elaborate a new method to provide an unbiased measure of the value of time. More specifically, using census data on the Paris Region, we are able to disentangle bargaining power from the values of time of spouses. We show that the nationality of the couple, their education level, as well as the age difference between spouses, play a crucial role in determining bargaining power. The distributional consequences of local environmental interventions: An equilibrium sorting model with buyers and sellers, renters and landlords Amy Binner University of Exeter E-mail: a.r.binner@exeter.ac.uk Brett Day University of East Anglia Abstract Understanding the magnitude and distribution of welfare effects from projects that result in localised environmental change is of central importance in policy appraisal. We develop an equilibrium sorting model with endogenous tenure choice to explore how those welfare effects resolve in the medium-term as households respond by making new location and tenure decisions. Such processes result in significant reallocation of welfare across socioeconomic groups and between renters and owners. We conclude that the partial measures of welfare change currently used for project appraisal provide highly misleading guidance as to the actual distributional impacts of projects that change local environmental quality. New developments in the analysis of residential location choice 9 A Selection Model of Hedonic House Values and Rents Abstract Jonathan Halket University of Essex and CeMMAP Lars Nesheim University College London and CeMMAP E-mail: l.nesheim@ucl.ac.uk Florian Oswald University College London We use a large repeated cross-section of houses to estimate a selection model of the supply of owner-occupied and rental housing. We find that physical characteristics and unobserved heterogeneity and not location are important for selection. We interpret this as strong evidence in favor of contracting frictions in the rental market relating to maintenance and modification of a dwelling’s physical characteristics. Accounting for selection is important for estimates of rent-to-price ratios and can explain some puzzling correlations between rent-to-price ratios and homeownership rates. A New Approach to Estimating Hedonic Pricing – Functions for Metropolitan Housing Markets Dennis Epple Carnegie Mellon University Luis Quintero Johns Hopkins University E-mail: leq@jhu.edu Holger Sieg University of Pennsylvania Abstract We provide a new method for estimating hedonic functions in a metropolitan housing market for both rental rates and real estate asset prices. First, our method treats housing quality as unobserved by the econometrician. Second, it deals with the problem that implicit rental rates for owner-occupied housing are latent. Using a non-parametric matching approach, we show how to identify the rent-to-value ratio as a function of latent quality. Third, the paper provides a new estimation method for a generalization that incorporates heterogeneity in preferences. To our knowledge, this is the first paper that incorporates these in a unified treatment of metropolitan housing markets. We apply our estimator to study the recent housing market crisis in the U.S. to investigate the role of preference heterogeneity in residential housing choice. We use clustering techniques to learn categorization of households into types based on age and number of children. We obtain the robust result that the presence of children lowers the preference for housing quality and increases the welfare sensitivity to changes in income and price. The opposite happens as households age. Finally, we also estimated a joint model for the NYC and Chicago metropolitan areas to compare quality markets, and find that a compensating variation of approximately 20% of the annual income would be required to induce the median household in Chicago to move to NYC. These methods are of interest to those concerned with making welfare evaluations of policies that affect housing markets differently for households with different demographics. Partial Identification of Preferences from a Dual-Market Sorting Equilibrium Nicolai Kuminoff Arizona State University E.mail: kuminoff@asu.edu Abstract This paper develops a new structural estimator that uses the properties of a market equilibrium, together with information on households and their observed location choices, to New developments in the analysis of residential location choice 10 partially identify horizontally differentiated preferences for a vector of local public goods. The estimation is consistent with equilibrium capitalization of local public goods and recognizes that job and house location choices are interrelated. By using set identification to distinguish the identifying power of restrictions on the indirect utility function from the identifying power of assumptions on the distribution of preferences for observed and unobserved product characteristics, the estimator provides a new perspective on characteristics-based models of the demand for a differentiated product. The estimator is used to recover distributions of the marginal willingness-to-pay for improved air quality in Northern California’s two largest population centers: the San Francisco and Sacramento metropolitan areas. The average marginal willingness-to-pay increases by up to 110% when job opportunities are included as a dimension of location choice. Public transport and car ownership: evidence from the Copenhagen metropolitan area Abstract Ismir Mulalic Technical University of Denmark Ninette Pilegaard Technical University of Denmark Jan Rouwendal VU University and Tinbergen Institute E-mail: j.rouwendal@vu.nl Car ownership is an important issue in urban areas which is related to road congestion, pollution and parking problems. Public transport is a substitute and potentially attractive as an alternative for the car in dense urban areas. This is especially true in European countries like Denmark where cars and car fuel are heavily taxed. In this paper we develop and estimate a model for the simultaneous choice of a residential area and car ownership. We estimate the model on Danish register data for single and dual worker households. The focus of attention is on the interaction between car ownership and the availability of public transport per residential area. We pay special attention to accessibility of the metro network which offers particularly high quality public transport. Valuation of Non-Traded Amenities in a Dynamic Demand Model Simon Hviid Aarhus University E-mail: shviid@econ.au.dk Christopher Timmins Duke University Rune Vejlin Aarhus University Abstract Using unique population-wide Danish register data with precise measures of households’ wealth, income, and socio-economic status, we specify and estimate a dynamic structural model of residential neighborhood demand. Our model includes moving costs, forward looking behavior of households, and uncertainty about the evolution of neighborhood attributes, wealth, income, house prices, and family composition. We estimate marginal willingness to pay for non-traded neighborhood amenities with a focus on air pollution. We allow household willingness to pay to vary in household characteristics and argue that low wealth and low income households are borrowing constrained. Our application finds that the dynamic approach adjusts for various biases relative to a static approach and that the willingness to pay of households who are likely borrowing constrained are much more sensitive to changes in wealth. New developments in the analysis of residential location choice 11 Hedonics: Rosen’s First Stage and Difference-in-Differences as “Sufficient Statistics” H. Spencer Banzhaf Georgia State University, PERC, NBER E-mail: hsbanzhaf@gsu.edu Abstract For decades, economists have used the hedonic model to estimate demands for the implicit characteristics of differentiated commodities. The traditional cross-sectional approach to hedonic estimation can recover marginal willingness to pay for characteristics, but has faltered over a difficult endogeneity problem when attempting non-marginal welfare measures. I show that when marginal prices can be reliably estimated, and when panel data on household demands is available, one can construct a second-order approximation to non-marginal welfare measures using only the first-stage marginal prices. Moreover, even when panel data on household demands are unavailable, the sufficient statistic approach remains valid under a single crossing restriction using data from repeated cross sections of product prices. More recently, economists have questioned the assumptions under which one can identify these cross-sectional hedonic price functions, raising the possibility of unobservables that are correlated with the characteristic of interest. To overcome this problem, they have introduced difference-in-differences econometric models to identify capitalization effects. Unfortunately, the interpretation of these effects has not been clearly perceived in the literature. I additionally show these capitalization effects are the ”average direct unmediated effect” on prices of a change in characteristics, which can be interpreted as a movement along the ex post hedonic price function. This effect is a lower bound on Hicksian equivalent surplus. Estimating the Marginal Willingness to Pay Function Without Instrumental Variables Christopher Timmins Duke University E-mail: christopher.timmins@duke.edu Kelly C. Bishop Arizona State University Abstract The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems, including a source of endogeneity in the second stage that has proven difficult to overcome. Here, we outline a simple, likelihood-based estimation approach for recovering the marginal willingness-to-pay function in a parametric framework that avoids this endogeneity problem. In an application, we find that marginal willingness-to-pay to avoid violent crime increases by nineteen cents with each additional incident per 100,000 residents. Accounting for the slope of the marginal willingness-to-pay function has significant impacts on welfare analyses. New developments in the analysis of residential location choice 12 List of participants New developments in the analysis of residential location choice 13 Name Title Organization 1 Alex Würtz Head of Section Municipality of Holstebro 2 Amy Binner Senior Lecturer University of Exeter 3 Anders Kamp Høst Researcher Kraks Fond - Institute for Urban Economic Research 4 Bettina Hauge Researcher Technical University of Denmark, Management Engineering 5 Bjarne Madsen Professor Centre for Regional and Tourism research 6 Bo Jellesmark Thorsen Professor University of Copenhagen, Department of Food and Resource Economics 7 Cathrine Ulla Jensen Ph.D. candidate University of Copenhagen, Department of Food and Resource Economics 8 Cecilie Dohlmann Weatherall Senior Researcher Kraks Fond - Institute for Urban Economic Research 9 Christian Jensen Student Technical University of Denmark 10 Christine Benna Skytt-Larsen Assistant Professor University of Copenhagen, Department of Geosciences and Natural Resource Management 11 Christopher Timmins Professor Duke University 12 Gabriel Pons Rotger Senior Researcher The Danish National Center for Social Research 13 Gunvor Christensen Researcher The Danish National Center for Social Research 14 Helle Nørgaard Senior Researcher Aalborg University Copenhagen, Danish Building Research Institute 15 Henning Christiansen Head of Section Statistics Denmark 16 Henry Overman Professor The London School of Economics and Political Science 17 Ismir Mulalic Associate Professor Technical University of Denmark, Department of Transport 18 Jack Zagha Hop Ph.D. candidate Technical University of Denmark, Department of Transport 19 Jakob Bjældager Consultant Municipality of Ballerup 20 Jan Rouwendal Professor VU University Amsterdam 21 Jane Greve Senior Researcher Danish Institute for Local and Regional Government Research 22 Jens Peter Vesterager Postdoc University of Copenhagen, Department of Geosciences and Natural Resource Management 23 John Clapp Professor University of Connecticut 24 Jos van Ommeren Professor VU University Amsterdam 25 Kalle Hansen Ph.D. candidate University of Copenhagen, Department of Geosciences and Natural Resource Management 26 Kristian Bothe Ph.D. candidate University of Copenhagen - Department of Geosciences and Natural Resource Management 27 Lars Nesheim Senior Research Economist University College London 28 Lars Pico Geerdsen Director Kraks Fond - Institute for Urban Economic Research 29 Lars Winther Professor University of Copenhagen, Department of Geosciences and Natural Resource Management 30 Lise Grand Student University of Copenhagen 31 Lise Pedersen Urban Developer Municipality of Copenhagen, Economy Management 32 Luis Quintero Ph.D. candidate Johns Hopkins University 33 Maja Busck Urban Developer Municipality of Copenhagen 34 Maria Börjesson Associate Professor KTH Royal Institute of Technology 35 Maria Juul Hansen Ph.D. Student University of Copenhagen 36 Marianne Källstrøm Economist Danish Economic Council 37 Marie Lundbo PA and project manager Kraks Fond - Institute for Urban Economic Research 38 Mogens Fosgerau Professor Technical University of Denmark, Department of Transport 39 Nathalie Picard Associate Professor Université de Cergy-Pontoise 40 Nicolai Kristensen Professor MSO Danish Institute for Local and Regional Government Research 41 Nicolai Kuminoff Assistant Professor Arizona State University 42 Ninette Pilegaard Senior Researcher Technical University of Denmark, Department of Transport 43 Pascal Mossay Dr. Newcastle University 44 Rune Vejlin Associate Professor Aarhus University, Department of Economics and Business Economics 45 Simon Juul Hviid Ph.D. candidate Aarhus University, Department of Economics and Business Economics 46 Spencer Banzhaf Professor Georgia State University 47 Stefan Mabit Associate Professor Technical University of Denmark, Department of Transport 48 Søren Bøye Olsen Associate Professor University of Copenhagen, Department of Food and Resource Economics 49 Thomas Lundhede Associate Professor University of Copenhagen, Department of Food and Resource Economics 50 Thomas Sick Nielsen Senior Researcher Technical University of Denmark, Department of Transport 51 Toke Emil Panduro Postdoc University of Copenhagen, Department of Food and Resource Economics 52 Trine Vinding Urban Developer New developments Municipality of Copenhagen, Center for Urban Development in the analysis of residential location choice 14 Country of workplace E-mail Denmark alex.wurtz@holstebro.dk United Kingdom a.r.binner@exeter.ac.uk Denmark akh@kraksfond.dk Denmark behau@dtu.dk Denmark bma@crt.dk Denmark bjt@ifro.ku.dk Denmark cuj@ifro.ku.dk Denmark cdw@kraksfond.dk Denmark s134292@student.dtu.dk Denmark cbs@ign.ku.dk USA christopher.timmins@duke.edu Denmark gpr@sfi.dk Denmark guc@sfi.dk Denmark hen@sbi.aau.dk Denmark hch@dst.dk United Kingdom h.g.overman@lse.ac.uk Denmark imu@transport.dtu.dk Denmark jzho@transport.dtu.dk Denmark jakb@balk.dk The Netherlands j.rouwendal@vu.nl Denmark JaGr@kora.dk Denmark jv@ign.ku.dk USA john.clapp@business.uconn.edu The Netherlands Jos.van.ommeren@vu.nl Denmark kalle.hansen@ign.ku.dk Denmark krbo@ign.ku.dk United Kingdom l.nesheim@ucl.ac.uk Denmark lpg@kraksfond.dk Denmark lw@ign.ku.dk Denmark rpb266@alumni.ku.dk Denmark lip@okf.kk.dk USA leq@jhu.edu Denmark ar3j@okf.kk.dk Sweden maria.borjesson@abe.kth.se Denmark maria.juul.hansen@econ.ku.dk Denmark mnk@dors.dk Denmark mlu@kraksfond.dk Denmark mf@transport.dtu.dk France nathalie.picard@u-cergy.fr Denmark nikr@kora.dk USA kuminoff@asu.edu Denmark np@transport.dtu.dk United Kingdom pascal.mossay@ncl.ac.uk Denmark rvejlin@econ.au.dk Denmark shviid@econ.au.dk USA hsbanzhaf@gsu.edu Denmark smab@transport.dtu.dk Denmark sobo@ifro.ku.dk Denmark thlu@ifro.ku.dk Denmark thnie@transport.dtu.dk Denmark tepp@ifro.ku.dk Denmark Notes bx28@okf.kk.dk New developments in the analysis of residential location choice 15