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We derive conditions under which cost-increasing measures - consistent with either regulatory constraints or fully expropriated taxes - can increase the profits of all agents active within a common-pool resource. This somewhat counterintuitive result is possible regardless of whether price is...
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. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative … for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …
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.S. cities: Houston (property taxation), Minneapolis (property taxation), New York City (property, general sales, and income … taxation), and Philadelphia (property, gross receipts, and wage taxation). Results suggest that all four of our cities are near …
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related pay," although our estimates suggest that substitution was minor. We find no evience that the regulation decreased the …
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This paper measures for the first time the economic efficiency effects of the taxation of wireless services, which are …
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Competitive exams are a standard method for selecting civil servants. Yet, evidence on the effectiveness of such approach is mixed, and lack of personnel data limits our understanding of the mechanisms underlying this varying success. We digitize personnel and financial data to study the impacts...
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