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-aged owning land may gain by providing public education even when they cannot tax the young. This requires that labor is not …
Persistent link: https://www.econbiz.de/10011398916
changes to regulation. Using shifting land use regulation boundaries and oil lease prices from Canada, we estimate the effect … of anticipated regulatory change on the value of land. We find that anticipated rezoning decreases the price of … regulation is capitalized into land values. …
Persistent link: https://www.econbiz.de/10011489414
high returns to land consolidation and reallocation. Complementarities, holdout and asymmetric information mean that … private trade will be slow to reallocate land, and imply that market design has the potential to contribute to the development …, comparing the performance of several continuous-time land exchanges. Farmers are able to achieve high degrees of efficiency, and …
Persistent link: https://www.econbiz.de/10011672473
Persistent link: https://www.econbiz.de/10003497662
Tax competition is discussed as a source of inefficiency in international taxation and in fiscal federalism. Two preconditions for the existence of such effects of tax competition are that mobile factors locate or reside in jurisdictions with ceteris paribus lower tax rates and that taxes are...
Persistent link: https://www.econbiz.de/10003113317
I document a new fact about mobility within the United States. County-to-county migration and commuting drop discretely at state borders. People are three times as likely to move to a county 15 miles away, but in the same state, than to an equally-distant county across state lines. Standard...
Persistent link: https://www.econbiz.de/10014393227
We test whether the proactive use of instruments of direct democracy by voters can help to explain fiscal sustainability of 25 Swiss cantons. Using data of all cantonal popular votes since 1977, our results show that the fiscal reaction of cantonal governments to an increase in the debt to GDP...
Persistent link: https://www.econbiz.de/10014427600
This paper studies how divided government - arising when control of the government branches is split between parties - affects the polarization of the legislature and policy implementation. Using data on electoral and legislative outcomes for US states and a regression-discontinuity design, we...
Persistent link: https://www.econbiz.de/10013285498
States have soft budget constraints when they can expect a bailout by the federal government in the event of a financial crisis. This gives rise to incentives for unsound state fiscal policy. We test whether states with softer budget constraints have higher debt and deficits, receive more...
Persistent link: https://www.econbiz.de/10003897291
Little research has been done on the body mass index values of 19th century US African-Americans and whites. This paper uses 19th century US prison records to demonstrate that although modern BMIs have increased in the 20th century, 19th century black and white BMIs were distributed...
Persistent link: https://www.econbiz.de/10003965104