Showing 1 - 10 of 30,053
While there was no abstract for this brief paper, it clarifies for students that demand and supply slopes convey the burden of taxation discussion at least as well as does the more typical discussion employing elasticities.
Persistent link: https://www.econbiz.de/10008560076
While the paper lacks a formal abstract, it draws the important distinction between stocks and flows in supply and demand to better understand the business cycle.
Persistent link: https://www.econbiz.de/10008567636
I was unable to copy/paste the abstract, but the paper argues that amenities exert an important effect on wage differentials over space. Indeed, we show that as much has half of the apparent effect of unionization on wages is actually compensation for less desirable climate in locations that are...
Persistent link: https://www.econbiz.de/10008567673
For at least fifty years economists have argued that vertically-aggregated marginal willingness to pay, when set equal to marginal provision cost, will result in optimal public good provision levels. This methodological approach would be expected to yield an exact analog, in terms of optimal...
Persistent link: https://www.econbiz.de/10008493588
Time series and cross-country empirical results suggest that cash holding as a percentage of income rises, or alternatively that velocity falls, as income increases. Numerous cross-sectional findings at many points in time, in several countries conclude oppositely. It is argued here that the...
Persistent link: https://www.econbiz.de/10008567635
The paper lacks an abstract, but argues that an important systematic influence on regional growth and decline is the climate offered at various locations.
Persistent link: https://www.econbiz.de/10008567641
This paper presents secular evidence on the income velocity of money balances. Under a variety of specifications and statistical techniques, employed on both traditional and non-traditional variables, the Friedman assertion that money is a superior good is found to lack empirical support....
Persistent link: https://www.econbiz.de/10008567643
The paper lacks an abstract, but argues that spatially-varying rents can act as a proxy for the bundle of amenities available. Rising national incomes result in movement toward normal amenity locations and away from inferior locations.
Persistent link: https://www.econbiz.de/10008567646
The paper lacks an abstract, but corrects an earlier paper and introduces a more nuanced approach to the role of climate in human location and relocation.
Persistent link: https://www.econbiz.de/10008567647
Hedonic analysis is frequently implemented to generate implicit prices for location-specific amenities within single markets, either in cross-city wage differentials or within-city rent gradients. Amenities are shown to be generally priced in both land and labor markets, with single market...
Persistent link: https://www.econbiz.de/10008567648