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ECONIS (ZBW)
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1
Robbing Peter to Pay Paul? The Redistribution of Wealth Caused by Rent Control
Ahern, Kenneth R.
;
Giacoletti, Marco
-
National Bureau of Economic Research
-
2022
We use the price effects caused by the passage of rent control in St. Paul, Minnesota in 2021, to study the transfer of wealth across income groups. First, we find that rent control caused property values to fall by 6-7%, for an aggregate loss of $1.6 billion. A calibrated model of house prices...
Persistent link: https://www.econbiz.de/10013210111
Saved in:
2
Location Sorting and Endogenous Amenities : Evidence from Amsterdam
Almagro, Milena
;
Domínguez-Iino, Tomás
-
National Bureau of Economic Research
-
2024
This paper shows the endogeneity of amenities plays a crucial role in determining the
welfare
distribution of a
city
…, we show the distributional effects of mass
tourism
depend on this heterogeneity: following rent increases due to growing …
Persistent link: https://www.econbiz.de/10014528344
Saved in:
3
Converting Brown Offices to Green Apartments
Gupta, Arpit
;
Martinez, Candy
;
Nieuwerburgh, Stijn van
-
National Bureau of Economic Research
-
2023
The conversion of brown office buildings to green apartments can contribute towards a solution to three pressing issues: oversupply of office in a hybrid-and-remote-work world, shortage of housing, and excessive greenhouse gas emissions. We propose a set of criteria to identify commercial office...
Persistent link: https://www.econbiz.de/10014337764
Saved in:
4
Remote Work and
City
Structure
Monte, Ferdinando
;
Porcher, Charly
;
Rossi-Hansberg, Esteban
-
National Bureau of Economic Research
-
2023
We study the adoption of remote work within cities and its effect on
city
structure and
welfare
. We develop a dynamic … model of a
city
in which workers can decide to work in the central business district (CBD) or partly at home. Working in the … preference shocks for remote work. We characterize the parameter set in which the
city
exhibits multiple stationary equilibria …
Persistent link: https://www.econbiz.de/10014322881
Saved in:
5
Understanding Rationality and Disagreement in House Price Expectations
Li, Zigang
;
Nieuwerburgh, Stijn van
;
Wang, Renxuan
-
National Bureau of Economic Research
-
2023
Professional house price forecast data are consistent with a rational model where agents must learn about the parameters of the house price growth process and the underlying state of the housing market. Slow learning about the long-run mean can generate forecast bias, a response of forecasts to...
Persistent link: https://www.econbiz.de/10014322902
Saved in:
6
The Economics of Cities : From Theory to Data
Redding, Stephen
-
National Bureau of Economic Research
-
2023
infrastructure improvements on
welfare
and the spatial distribution of economic activity …
Persistent link: https://www.econbiz.de/10013537769
Saved in:
7
Clean Growth
Arkolakis, Costas
;
Walsh, Conor
-
National Bureau of Economic Research
-
2023
a range of scenarios, with substantial
welfare
gains, even in the absence of policy. Incorporating policy, we find that …
Persistent link: https://www.econbiz.de/10014337847
Saved in:
8
Discrete Choice, Complete Markets, and Equilibrium
Mongey, Simon
;
Waugh, Michael E.
-
National Bureau of Economic Research
-
2024
) establish a first and second
welfare
theorem, (ii) illustrate that in the absence of ex-ante trade, discrete choice economies … how
welfare
changes in response to changes in prices …
Persistent link: https://www.econbiz.de/10014486227
Saved in:
9
Learning and Expectations in Dynamic Spatial Economies
Fan, Jingting
;
Hong, Sungwan
;
Parro, Fernando
-
National Bureau of Economic Research
-
2023
The impact of shocks in dynamic environments depends on how forward-looking agents anticipate the path of future fundamentals that shape their decisions. We incorporate flexible beliefs about future fundamentals in a general class of dynamic spatial models, allowing beliefs to be evolving,...
Persistent link: https://www.econbiz.de/10014322891
Saved in:
10
Spatial Production Networks
Arkolakis, Costas
;
Huneeus, Federico
;
Miyauchi, Yuhei
-
National Bureau of Economic Research
-
2023
and positive properties of the spatial distribution of economic activity and
welfare
in general equilibrium. We calibrate …
Persistent link: https://www.econbiz.de/10014226151
Saved in:
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