The philosophy of fiscal federalism presumes that local communities will under- or over-provide public amenities in the presence of externalities.  We test this hypothesis using data from Vision Iowa, a state program which provided partial funding to communities to build tourist attractions. ...

This study investigates the complicated nonlinear effects of demand-bid price sensitivity and supply-offer price caps on Locational Marginal Prices (LMPs) for bulk electric power when profit-seeking generators can learn over time how to strategize their supply offers. Systematic computational...