A HEDONIC MODEL OF INTERREGIONAL WAGES,RENTS, AND AMENITY VALUES*

ABSTRACT This paper develops a general multimarket hedonic model appropriate for a national, interregional study of wages, housing prices, and location-specific amenities. The model encompasses the effects of interregional location, intraurban location, and city size. Typically, hedonic studies focus on a single market such as labor or housing and ignore interactions implicit in a more global compensation mechanism. Examination of the comparative statics of our model indicates that single-market differentials are partial prices and are unreliable measures of amenity values in an interregional context. Unbiased amenity values are estimated for a comprehensive set of amenities using data on housing prices for 34,414 households and wages for 46,004 workers from the 1980 Census of Population and Housing. Statistically significant differences in housing prices and wages are found due to amenities.     

OPTIMAL REGIONAL GROWTH MODELS: MULTIPLE OBJECTIVES, SINGULAR CONTROLS, AND SUFFICIENCY CONDITIONS

ABSTRACT We develop a generalized Harrod-Domar type of model for optimal regional growth which allows determination of the optimal allocation of regional public investments and which considers multiple growth objectives, as well as both normal and singular fiscal instruments. This general model is shown to include most of the previous optimal regional growth models as special cases. Necessary conditions for some special cases of the general model are analyzed in detail, and decision rules associated with derived optimal regional growth policies are articulated. These special cases verify that singular controls do exist in certain instances, and that they must be considered for the complete specification of optimal regional growth policies; this is significant because singular controls have not been previously analyzed in the literature. We conclude the paper with a discussion of sufficiency conditions for optimal regional growth models which is more general than that given by previous authors.     

RESEARCH NOTES AND APPLICATION REPORTS DATING THE AEGEAN LATE BRONZE AGE WITH RADIOCARBON*

The beginning of the Late Bronze Age in the Aegean has usually been thought to coincide with the start of the Eighteenth Dynasty in Egypt, and radiocarbon dates (which consistently suggest an earlier chronology) have been rejected by Aegean specialists because they do not agree with this view. Evidence from pottery is used to re-examine the links between the Aegean and Egypt, with the conclusion that the Aegean Late Bronze Age began during the Hyksos period.     

Port Royal, Jamaica: The archaeological problems and potential

In September 1968, one of the authors (P. Mayes), having been appointed Head of Mission by the British Ministry of Overseas Development to act as advisor to the Jamaica National Trust Commission, made recommendations which formed the basis for the establishment of the Port Royal Project. The Project is concerned with the excavation, conservation and presentation of 17th century Port Royal, which was founded in 1655 and destroyed by an earthquake in 1692 (see Fig. 1). For the purposes of archaeology the area was divided into three: the Archaeological-Historical Reserve, encompassing the protected underwater area and lands currently occupied by government facilities at the west end of Port Royal; the area in the centre of Port Royal which is protected archaeologically by modern housing and the area at the east end of Port Royal in which it was proposed that commercial expansion should be allowed on land held on lease from the Jamaican government. Work began early in 1969 in a section of this last area, which was threatened, at that time, by the construction of an hotel. This area was part of the shoal water section of sunken Port Royal (see below and Fig. 2). Since that date excavation headquarters and conservation laboratories have been established in the old naval hospital and the construction of a major museum, the first phase of the presentation programme, has begun.     

PREHISTORIC FLINT MINES AND THEIR IDENTIFICATION AS SOURCES OF RAW MATERIAL

This paper is a statistical and geological study of the results of analysis of flint from British and West European flint mines, carried out by emission and atomic absorption spectroscopy. Groups of flint specimens were studied from each geographically separate flint mining area. Flints were analysed for a group of easily measured trace elements shown by previous work to be generally present. The ratios between the trace elements form a consistent pattern for each flint mine and statistically valid differences of pattern can be recognized between different flint mines. A geological investigation shows that the measured trace elements may be derived from clay minerals and explains geographical and statistical variation in the composition of flint in terms of its mode of origin in the chalk. An advanced statistical technique allows individual flint specimens of unknown origin to be attributed by their composition to one or other of the identified flint sources. The archaeological implications of this study are discussed.