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The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation

Smith, V. Kerry; Kuminoff, Nicolai V.; Timmins, Christopher - National Bureau of Economic Research (NBER) - 2010

Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public...

Persistent link: https://www.econbiz.de/10008565078

Do Citizens Want the Truth about Terrorist Threats Regardless of the Consequences?

Smith, V. Kerry; Mansfield, Carol; Klaiber, H. Allen - National Bureau of Economic Research (NBER) - 2010

This paper proposes the use of consumers' preferences in formulating policies for keeping secret information about terrorist activities and threats that might compromise future security. We report the results from two surveys indicating that people have clear preferences for full disclosure of...

Persistent link: https://www.econbiz.de/10008548804

Who Counts in Evaluating the Effects of Air Pollution Policies on Households? Non-Market Valuation in the Presence of Dependencies

Smith, V. Kerry; Evans, Mary F.; Poulos, Christine - National Bureau of Economic Research (NBER) - 2009

Individuals who are likely to realize the largest benefits from improvements in air quality often depend on other members of their households to make time or monetary contributions to their care. The presence of these dependency relationships among household members poses challenges for benefit...

Persistent link: https://www.econbiz.de/10005085384

Valuing a Homeland Security Policy: Countermeasures for the Threats from Shoulder Mounted Missiles

Smith, V. Kerry; Mansfield, Carol; Clayton, Laurel - National Bureau of Economic Research (NBER) - 2008

This paper reports estimates for the ex ante tradeoffs for three specific homeland security policies that all address a terrorist attack on commercial aircraft with shoulder mounted missiles. Our analysis focuses on the willingness to pay for anti-missile laser jamming countermeasures mounted on...

Persistent link: https://www.econbiz.de/10005718171

Estimating the General Equilibrium Benefits of Large Policy Changes: The Clean Air Act Revisited

Smith, V. Kerry; Banzhaf, Spencer; Sieg, Holger; Walsh, … - National Bureau of Economic Research (NBER) - 2000

This paper reports the first comprehensive approach for measuring the general equilibrium willingness to pay for large changes in air quality. It is based on a well defined locational equilibrium model. The approach allows estimation of households' indirect utility function and the underlying...

Persistent link: https://www.econbiz.de/10005720605

Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits

Galor, Oded; Michalopoulos, Stelios - National Bureau of Economic Research (NBER) - 2011

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...

Persistent link: https://www.econbiz.de/10009021950

On the Ethnic Origins of African Development Chiefs and Pre-colonial Political Centralization

Michalopoulos, Stelios; Papaioannou, Elias - National Bureau of Economic Research (NBER) - 2014

We report on recent findings of a fruitful research agenda that explores the importance of ethnic-specific traits in shaping African development. First, using recent surveys from Sub-Saharan African countries, we document that individuals identify with their ethnic group as often as with the...

Persistent link: https://www.econbiz.de/10010951097

Ethnic Inequality

Alesina, Alberto; Michalopoulos, Stelios; Papaioannou, Elias - National Bureau of Economic Research (NBER) - 2012

This study explores the consequences and origins of between-ethnicity economic inequality both across and within countries. First, combining satellite images of nighttime luminosity with the historical homelands of ethnolinguistic groups we construct measures of ethnic inequality for a large...

Persistent link: https://www.econbiz.de/10010822004

Climatic Fluctuations and the Diffusion of Agriculture

Ashraf, Quamrul; Michalopoulos, Stelios - National Bureau of Economic Research (NBER) - 2013

This research examines the climatic origins of the diffusion of Neolithic agriculture across countries and archaeological sites. The theory suggests that a foraging society s history of climatic shocks shaped the timing of its adoption of farming. Specifically, as long as climatic disturbances...

Persistent link: https://www.econbiz.de/10010821960

Financial Innovation and Endogenous Growth

Laeven, Luc; Levine, Ross; Michalopoulos, Stelios - National Bureau of Economic Research (NBER) - 2009

Is financial innovation necessary for sustaining economic growth? To address this question, we build a Schumpeterian … innovation: they can invent better methods for screening entrepreneurs. Second, every screening process becomes less effective as … technology advances. The model predicts that technological innovation and economic growth eventually stop unless financiers …

Persistent link: https://www.econbiz.de/10005089132