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Persistent link: https://www.econbiz.de/10011660763
of voting in local communities when neighborhood quality depends on peer or neighborhood effects. We develop a new …
Persistent link: https://www.econbiz.de/10014061579
. In residential real estate markets hard-to-observe neighborhood characteristics are a key source of information … heterogeneity: sellers are usually better informed about neighborhood values than buyers, but there are some sellers and some buyers … subsequent house-price declines and demographic changes in that neighborhood. This effect is larger for houses whose value …
Persistent link: https://www.econbiz.de/10013059752
Social commentators from William Julius Wilson to Charles Murray have argued that increased sorting of people into internally homogeneous" neighborhoods,schools, and marriages is spurring long-run inequality. Cali- bration of a formal model suggests that these fears are misplaced. In order to...
Persistent link: https://www.econbiz.de/10013239355
types and cities, that the relationship between neighborhood poverty rate and outcomes is approximately linear …
Persistent link: https://www.econbiz.de/10013246525
In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10013079202
Politicians may use disguised' redistributive policies in order to circumvent opposition to explicit tax-transfer schemes. First, we present a theoretical model that formalizes this hypothesis; then we provide evidence that in US cities, politicians use public employment as such a redistributive...
Persistent link: https://www.econbiz.de/10013224320
While much research in political economy points out the benefits of "limited government," political scientists have long emphasized the problems created in many less developed nations by "weak states," which lack the power to tax and regulate the economy and to withstand the political and social...
Persistent link: https://www.econbiz.de/10013231869
Persistent link: https://www.econbiz.de/10011431388
The Eurasian continent, which has for over a century lagged behind in global markets, is currently gaining economic and political momentum. This book investigates emerging economic linkages in the area, examining the factors shaping this integration, the benefits and risks involved, and the...
Persistent link: https://www.econbiz.de/10012106360