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On the Origins of Land Use Regulations: Theory and Evidence from US Metro Areas

Hilber, Christian A. L.; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2012

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group via increasing property prices but hurt the latter via increasing development costs. In this setting,...

Persistent link: https://www.econbiz.de/10011083410

On the origins of land use regulations: Theory and evidence from US metro areas

Hilber, Christian A. L.; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2009

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group (via increasing property prices) but hurt the latter (via increasing development costs). More desirable...

Persistent link: https://www.econbiz.de/10008557007

The Impact of Economics Blogs

McKenzie, David J.; Özler, Berk - C.E.P.R. Discussion Papers - 2011

There is a proliferation of economics blogs, with increasing numbers of economists attracting large numbers of readers, yet little is known about the impact of this new medium. Using a variety of experimental and non-experimental techniques, we try to quantify some of their effects. First, links...

Persistent link: https://www.econbiz.de/10009293990

Comparing the Early Research Performance of PhD Graduates in Labour Economics in Europe and the USA

Cardoso, Ana Rute; Guimaraes, Paulo; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2009

This paper analyzes the early research performance of PhD graduates in labor economics, addressing the following questions: Are there major productivity differences between graduates from American and European institutions? If so, how relevant is the quality of the training received (i.e....

Persistent link: https://www.econbiz.de/10004979475

Regional Unemployment and Human Capital in Transition Economies

Jurajda, Stepan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007

Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...

Persistent link: https://www.econbiz.de/10005136518

Competition and Firm Performance in Transition Economies: Evidence from Firm Level Surveys in Slovenia, Hungary and Romania

Konings, Jozef - C.E.P.R. Discussion Papers - 1997

countries, Hungary, Romania and Slovenia. The data are based on interviews taken in more than 300 state-owned, privatized and … pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short … (being state-owned and privatized enterprises) tend to perform worse than newly-established firms in Hungary and Slovenia. In …

Persistent link: https://www.econbiz.de/10005498145

The Organization of Delegated Expertise

Gromb, Denis; Martimort, David - C.E.P.R. Discussion Papers - 2004

This Paper proposes a theory of the optimal organization of delegated expertise. For incentive purposes, a principal … a single expert, we show that the agency costs of delegated expertise exhibit diseconomies of scale. Possible …

Persistent link: https://www.econbiz.de/10005497724

Biases of Professional Exchange Rate Forecasts: Psychological Explanations and an Experimentally-Based Comparison to Novices

Bofinger, Peter; Leitner, Johannes; Schmidt, Robert - C.E.P.R. Discussion Papers - 2004

The empirical performance of macroeconomic exchange rate models is more than disappointing. This dismal result is also reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve random walk forecasts. The root for this deficient...

Persistent link: https://www.econbiz.de/10005504428

Enlisting Employees in Improving Payroll-Tax Compliance: Evidence from Mexico

Frías, Judith A; Kumler, Todd; Verhoogen, Eric A - C.E.P.R. Discussion Papers - 2013

Non-compliance of firms with tax regulations is a major constraint on state capacity in developing countries. We focus on an arguably under-appreciated dimension of non-compliance: under-reporting of wages by formal firms to evade payroll taxes. We develop a simple partial-equilibrium model of...

Persistent link: https://www.econbiz.de/10011083313

The Portfolio Effect of Pension Reforms

Bottazzi, Renata; Jappelli, Tullio; Padula, Mario - C.E.P.R. Discussion Papers - 2009

We estimate the portfolio effect of changes in social security wealth exploiting a decade of Italian pension reforms as a source of exogenous variation. The Italian Survey of Household Income and Wealth records detailed portfolio data and elicits expectations of retirement outcomes, thus...

Persistent link: https://www.econbiz.de/10004973973