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Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...
Persistent link: https://www.econbiz.de/10013097871
), we examine the impact of exposure to excessive noise levels on birth outcomes. Using birth records that include mothers … mothers living near the airport in the direction of the runway. We utilize exogenous variation in noise exposure triggered by … NextGen, which unintentionally increased noise in communities affected by the new flight patterns. Our finding informs policy …
Persistent link: https://www.econbiz.de/10012862481
In May 2018, Scotland introduced a minimum unit price on alcohol. We examine the impact of this policy on traffic …
Persistent link: https://www.econbiz.de/10014030814
implementation appeals to the pressing need to reduce traffic congestion and pollution. Their effectiveness however, remains … traffic congestion of Lima's Pico y Placa driving restriction policy introduced in 2019. We find small improvements in traffic … disappeared 16 weeks after the start of the policy. Moreover, traffic conditions worsened in adjacent areas and in hours outside …
Persistent link: https://www.econbiz.de/10014083979
This paper focuses on indivisible multiple-cost-single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10013159507
Electricity consumption will comprise an increasing share of global energy demand during the next two decades. In recent years, the increasing prices of fossil fuels and concerns about the environmental consequences of greenhouse gas emissions have renewed the interest in the development of...
Persistent link: https://www.econbiz.de/10013054588
Governments often aim to influence the amount and sectoral allocation of private investments through explicit or implicit subsidies. The rules used to select projects to benefit from subsidies may vary, depending on the policy objective. This paper develops a general framework to allocate...
Persistent link: https://www.econbiz.de/10012831087
In an optimizing model of epidemics several externalities arise when agents shield to avoid infection. Optimizing behaviour delays herd immunity but also reduces overall infections to approximately the minimum consistent with herd immunity. For reasonable parameter values, and with no vaccine,...
Persistent link: https://www.econbiz.de/10013314994
. Because societal preferences constantly evolve, however, she knows only imperfectly both the social value of the public good … in the fundamental or the image-motivated component of average preferences), privacy should generally be greater than in …
Persistent link: https://www.econbiz.de/10012990864
preferences to be limiting the scope for institution formation. Inequality-averse players frequently object to institutions that …
Persistent link: https://www.econbiz.de/10013045068