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Airport Noise Regulation, Airline Service Quality, and Social Welfare

Brueckner, Jan K.; Girvin, Raquel - 2021

This paper explores the impact of airport noise regulation on airline service quality and airfares. It also characterizes the socially optimal stringency of noise limits, taking both noise damage and the various costs borne by airlines and their passengers into account. The analysis also...

Persistent link: https://www.econbiz.de/10013317378

Cointegration of Matched Home Purchases and Rental Price Indexes -- Evidence from Singapore

Baltagi, Badi H. - 2015

This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...

Persistent link: https://www.econbiz.de/10013011805

Tenancy Rent Control and Credible Commitment in Maintenance

Arnott, Richard J. - 2014

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the … effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed …-duration tenancy depends only on the starting rent, intuitively the landlord has an incentive to spruce up the unit between tenancies …

Persistent link: https://www.econbiz.de/10013058510

Social Capital and the Status Externality

Itaya, Jun-ichi - 2018

This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital is accumulating through joint social interaction between rational...

Persistent link: https://www.econbiz.de/10012927000

External Influence as an Indicator of Scholarly Importance

Chan, Ho Fai - 2013

The external influence of scholarly activity has to date been measured primarily in terms of publications and citations, metrics that also dominate the promotion and grant processes. Yet the array of scholarly activities visible to the outside world are far more extensive and recently developed...

Persistent link: https://www.econbiz.de/10013075968

Divided Government Versus Incumbency Externality Effect - Quasi-Experimental Evidence on Multiple Voting Decisions

Ade, Florian - 2012

This paper explores the interdependency of political institutions from the voter's perspective. Specifically, we are interested in: Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election?; Does this partisan identity influence the vote in...

Persistent link: https://www.econbiz.de/10013112896

Ex-Post Redistribution in a Federation : Implications for Corrective Policy

Koethenbuerger, Marko - 2006

This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...

Persistent link: https://www.econbiz.de/10012779700

Electoral Externalities in Federations - Evidence from German Opinion Polls

Frei, Xenia - 2017

Party performance in state and federal elections is highly interdependent. Federal elections impact regional voting dynamics and vice versa (electoral externalities). We quantify the extent of simultaneous electoral externalities between two layers of government. We apply vector autoregressions...

Persistent link: https://www.econbiz.de/10012960098

Subsidizing National Champions : An Evolutionary Perspective

Aubert, Cecile - 2008

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

Persistent link: https://www.econbiz.de/10012770493

Endogenous Public Information and Welfare in Market Games

Vives, Xavier - 2016

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...

Persistent link: https://www.econbiz.de/10013008600