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The Economic Implications of Housing Supply

Glaeser, Edward L. - 2017

In this essay, we review the basic economics of housing supply and the functioning of US housing markets to better …

Persistent link: https://www.econbiz.de/10012947630

The Effect of Malpractice Law on Physician Supply : Evidence from Negligence-Standard Reforms

Frakes, Michael - 2017

counties. We also find that this supply effect is unidirectional, with no evidence to suggest that surgeons retreat when …

Persistent link: https://www.econbiz.de/10012955447

Can at Scale Drug Provision Improve the Health of the Targeted in Sub-Saharan Africa?

Lucas, Adrienne - 2017

treatment of HIV/AIDS. Many supply- and demand-side factors in sub-Saharan Africa could cause smaller than expected …

Persistent link: https://www.econbiz.de/10012956379

The Supply and Demand of S&P 500 Put Options

Constantinides, George M. - 2015

We document that the implied volatility skew of S&P 500 index puts is non-decreasing in the disaster index and risk-neutral variance, contrary to the implications of a broad class of no-arbitrage models. The key to the puzzle lies in recognizing that, as the disaster risk increases, customers...

Persistent link: https://www.econbiz.de/10013022917

Identifying Supply and Demand Elasticities of Agricultural Commodities : Implications for the Us Ethanol Mandate

Roberts, Michael J. - 2015

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … using current-period shocks that give rise to exogenous shifts in supply. Supply is identified using past shocks, which … extremely inelastic, price response is muted by a significant supply response that is obscured if futures prices are not …

Persistent link: https://www.econbiz.de/10013038890

The Geography of Linguistic Diversity and the Provision of Public Goods

Desmet, Klaus - 2018

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

The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation

Kuminoff, Nicolai - 2010

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

A Dynamic Model of Housing Demand : Estimation and Policy Implications

Bajari, Patrick L. - 2010

Using data from the Panel Study of Income Dynamics (PSID) we specify, estimate and simulate a dynamic structural model of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the housing market including non-convex adjustment costs from...

Persistent link: https://www.econbiz.de/10013144156

Vaccine Supply : Effects of Regulation and Competition

Danzon, Patricia Munch - 2011

In US vaccine markets, competing producers with high fixed, sunk costs face relatively concentrated demand. The resulting price and quality competition leads to the exit of all but one or very few producers per vaccine. Our empirical analysis of exits from US vaccine markets supports the...

Persistent link: https://www.econbiz.de/10013122642

Social Fragmentation, Public Goods and Elections : Evidence from China

Padró i Miquel, Gerard - 2013

This study examines how the economic effects of elections in rural China depend on voter heterogeneity, for which we proxy with religious fractionalization. We first document religious composition and the introduction of village-level elections for a nearly nationally representative sample of...

Persistent link: https://www.econbiz.de/10013089285