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Lazear, Edward P. - 1999

their classmates do worse. The theory presented below reconciles all of these facts by recognizing that classroom teaching … ranges away from equilibrium levels will adversely affect educational output. The theory argues for a particular non … by lowering class size. The theory provides a measurable and operational way to define school quality that can be tested …

Persistent link: https://www.econbiz.de/10012471435

Toll Competition Among Congested Roads

Engel, Eduardo - 1999

A growing number of roads are currently financed by the private sector via Build-Operate-and -Transfer (BOT) schemes. When the franchised road has no close substitute, the government must regulate tolls. Yet when there are many ways of getting from one point to another, regulation may be avoided...

Persistent link: https://www.econbiz.de/10012471692

Ownership and Use Taxes as Congestion Correcting Instruments

Chia, Ngee-Choon - 2001

In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift towards motor vehicle taxes based on car use. Ownership taxes reduce the number of cars on the road, leaving the price per trip largely unaffected. Use taxes such as fuel taxes and...

Persistent link: https://www.econbiz.de/10012470446

When Are Anonymous Congestion Charges Consistent with Marginal Cost Pricing?

Arnott, Richard - 1994

these constraints undermine the feasibility of marginal cost pricing, and hence the applicability of the first-best theory …

Persistent link: https://www.econbiz.de/10012474237

Multiple Equilibria in Open Economy Models with Collateral Constraints : Overborrowing Revisited

Schmitt-Grohé, Stephanie - 2016

This paper establishes the existence of multiple equilibria in infinite-horizon open- economy models in which the value of tradable and nontradable endowments serves as collateral. In this environment, the economy displays self-fulfilling financial crises in which pessimistic views about the...

Persistent link: https://www.econbiz.de/10012456411

Safe Asset Scarcity and Aggregate Demand

Caballero, Ricardo J. - 2016

We explore the consequences of safe asset scarcity on aggregate demand in a stylized IS-LM/Mundell Fleming environment. Acute safe asset scarcity forces the economy into a "safety trap" recession. In the open economy, safe asset scarcity spreads from one country to the other via capital flows,...

Persistent link: https://www.econbiz.de/10012456630

Migration, Congestion Externalities, and the Evaluation of Spatial Investments

Dinkelman, Taryn - 2015

The direct benefits of infrastructure in developing countries can be large, but if new infrastructure induces in-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household electrification in South Africa, we demonstrate the...

Persistent link: https://www.econbiz.de/10012457824

Network Effects, Congestion Externalities, and Air Traffic Delays : Or Why All Delays Are Not Evil

Mayer, Christopher - 2002

We examine two factors that might explain the extent of air traffic delays in the United States: network benefits due to hubbing and congestion externalities. Airline hubs enable passengers to cross-connect to many destinations, thus creating network benefits that increase in the number of...

Persistent link: https://www.econbiz.de/10012470014

How Do Electricity Shortages Affect Industry? Evidence from India

Allcott, Hunt - 2014

We estimate the effects of electricity shortages on Indian manufacturers, instrumenting with supply shifts from hydroelectric power availability. We estimate that India's average reported level of shortages reduces the average plant's revenues and producer surplus by five to ten percent, but...

Persistent link: https://www.econbiz.de/10012458687

Bottlenecks : Sectoral Imbalances and the US Productivity Slowdown

Acemoglu, Daron; Autor, David H.; Patterson, Christina - National Bureau of Economic Research - 2023

Despite the rapid pace of innovation in information and communications technologies (ICT) and electronics, aggregate US productivity growth has been disappointing since the 1970s. We propose and empirically explore the hypothesis that slow growth stems in part from an unbalanced sectoral...

Persistent link: https://www.econbiz.de/10014322814

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