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Total pollution emitted by U.S. manufacturers declined over the past 30 years by about 60 percent, even though real manufacturing output increased 70 percent. This improvement must result from a combination of two trends: (1) changes in production or abatement processes (quot;technologyquot;);...
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influences the supply of amenities and local public goods. Pollution, congestion, and the quality of public education are …
Persistent link: https://www.econbiz.de/10013138319
Incomplete product availability is an important feature of many markets; ignoring changes in availability may bias demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product availability every four hours. The data allow us to...
Persistent link: https://www.econbiz.de/10012758419
This paper analyzes the importance of local interaction between individuals of different linguistic groups for the provision of public goods at the national level. The micro-founded conceptual framework we develop predicts that a country's public goods (i) decrease in its overall linguistic...
Persistent link: https://www.econbiz.de/10012916911
demand- versus supply-side drug policies. This paper is motivated by the relative lack of research providing formal economic … potential government objectives are considered. We find that both demand- and supply-side policies have theoretical support … under different community conditions. While the demand-side policy discourages active drug sellers, the supply-side policy …
Persistent link: https://www.econbiz.de/10013234048
Inventories and price changes are correlated. The inverse relation is most obvious in housing where inventories build in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and sellers would seem to imply that sellers would change their...
Persistent link: https://www.econbiz.de/10013144866
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading example is highway construction, where slow completion times inflict a negative externality on commuters. Recently, highway departments have introduced innovative contracting methods...
Persistent link: https://www.econbiz.de/10012757589
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