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Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters
Dippel, Christian - 2018
This paper shows that import exposure affects voting behavior because it affects local labor markets. We develop a new framework for mediation analysis where one instrumental variable is sufficient to identify three causal effects. Using German data from 1987–2009, we find that import exposure...
Persistent link: https://www.econbiz.de/10012927102
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Atomistic Congestion Tolls at Concentrated Airports : Seeking a Unified View in the Internalization Debate
Brueckner, Jan K. - 2007
The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport congestion by showing that all the literature's theoretical results can be derived within one simple and unified framework. The analysis starts by replicating the results of...
Persistent link: https://www.econbiz.de/10012776625
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Slot-Based Approaches to Airport Congestion Management
Brueckner, Jan K. - 2008
This paper analyzes slot-based approaches to management of airport congestion, using a model where airlines are asymmetric and internalize airport congestion. Under these circumstances, optimal congestion tolls differ across carriers, and since a slot-sale regime (with its uniform slot price)...
Persistent link: https://www.econbiz.de/10012771860
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Convenient Flight Connections vs. Airport Congestion - Modeling the 'Rolling Hub'
Brueckner, Jan K. - 2015
This paper provides the first analysis of the trade-off between convenient flight connections and airport congestion. A continuous spatial model illustrates this trade-off in a framework where a small gap between flight operating times raises congestion while also shortening a connecting...
Persistent link: https://www.econbiz.de/10013014357
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Simple Tests for Selection : Learning More from Instrumental Variables
Black, Dan - 2017
We provide simple tests for selection on unobserved variables in the Vytlacil-Imbens-Angrist framework for Local Average Treatment Effects. The tests allow researchers not only to test for selection on either or both of the treated and untreated outcomes, but also to assess the magnitude of the...
Persistent link: https://www.econbiz.de/10012958872
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How to Use One Instrument to Identify Two Elasticities
Gavrilova, Evelina - 2017
We show that an insight from taxation theory allows identification of both the supply and demand elasticities with only …
Persistent link: https://www.econbiz.de/10012960094
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Rainy Day Politics -- An Instrumental Variables Approach to the Effect of Parties on Political Outcomes
Lind, Jo Thori - 2014
Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...
Persistent link: https://www.econbiz.de/10013048826
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On Heckits, LATE, and Numerical Equivalence
Kline, Patrick - 2018
Structural econometric methods are often criticized for being sensitive to functional form assumptions. We study parametric estimators of the local average treatment effect (LATE) derived from a widely used class of latent threshold crossing models and show they yield LATE estimates...
Persistent link: https://www.econbiz.de/10012916571
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What Marx Means Today
Sinn, Hans-Werner - 2017
Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …
Persistent link: https://www.econbiz.de/10012954595
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Household Models : An Historical Perspective
Apps, Patricia F.; Rees, Ray - 2021
the earlier contributions, and using them to place the current state of the theory in perspective. One of its aims is to …
Persistent link: https://www.econbiz.de/10013316648