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Identifying tax-setting responses from local fiscal policy programs
Merlo, Valeria; Schanbacher, Andreas; Thunecke, Georg; … - 2023
This paper studies tax policy interaction among local governments for both mobile and immobile tax bases. We exploit exogenous changes in the local tax setting of German municipalities due to participation in state debt reduction programs to learn about the size, scope and nature of strategic...
Persistent link: https://www.econbiz.de/10014288353
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Bargaining and distribution of power in the EU's Conciliation Committee
Napel, Stefan; Widgrén, Mika - 2003
bargaining theory to predict inter-institutional agreements in the Conciliation Committee, it turns out that although …
Persistent link: https://www.econbiz.de/10011509443
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Spurious weather effects
Lind, Jo Thori - 2015
Rainfall is a truly exogeneous variable and hence popular as an instrument for many outcomes. But by its very nature, rainfall in nearby areas tends to be correlated. I show theoretically that if there are also spatial trends in outcomes of interest, this may create spurious correlation. In...
Persistent link: https://www.econbiz.de/10010528337
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Specification and estimation of spatial autoregressive models with autoregressive and heteroskedastic disturbances
Kelejian, Harry H. (contributor);  … - 2008
theory is kept general to cover a wide range of settings. We note the estimation theory developed by Kelejian and Prucha …
Persistent link: https://www.econbiz.de/10003790570
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A spatial Cliff-ord-type model with heteroskedastic innovations : small and large sample results
Arraiz, Irani; Drukker, David M.; Kelejian, Harry H.; … - 2008
In this paper we specify a linear Cliff and Ord-type spatial model. The model allows for spatial lags in the dependent variable, the exogenous variables, and disturbances. The innovations in the disturbance process are assumed to be heteroskedastic with an unknown form. We formulate a multi-step...
Persistent link: https://www.econbiz.de/10003792846
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A bias-corrected CD test for error cross-sectional dependence in panel data models with latent factors
Pesaran, M. Hashem; Xie, Yimeng - 2021
In a recent paper Juodis and Reese (2021) (JR) show that the application of the CD test proposed by Pesaran (2004) to residuals from panels with latent factors results in over-rejection and propose a randomized test statistic to correct for over-rejection, and add a screening component to...
Persistent link: https://www.econbiz.de/10012602162
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Patient mobility, health care quality and welfare
Brekke, Kurt R.; Levaggi, Rosella; Siciliani, Luigi; … - 2014
Patient mobility is a key issue in the EU who recently passed a new law on patients' right to EU-wide provider choice …. In this paper we use a Hotelling model with two regions that differ in technology to study the impact of patient mobility … on health care quality, health care financing and welfare. We show that without patient mobility quality is too low (high …
Persistent link: https://www.econbiz.de/10010229860
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On human capital formation with exit options : comment and new results
Poutvaara, Panu (contributor) - 2006
Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which...
Persistent link: https://www.econbiz.de/10003300958
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Homeownership : low household mobility, volatile housing prices, high income dispersion
Ortalo-Magné, François; Rady, Sven - 2002
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...
Persistent link: https://www.econbiz.de/10011514075
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Order invariant tests for proper calibration of multivariate density forecasts
Dovern, Jonas; Manner, Hans - 2018
Established tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms can be manipulated by changing the order of variables in the forecasting model. We derive order invariant tests. The new tests are applicable to densities of arbitrary...
Persistent link: https://www.econbiz.de/10011845266