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Subways, Strikes, and Slowdowns : The Impacts of Public Transit on Traffic Congestion

Anderson, Michael L. - 2014

Public transit accounts for only 1% of U.S. passenger miles traveled but nevertheless attracts strong public support. Using a simple choice model, we predict that transit riders are likely to be individuals who commute along routes with the most severe roadway delays. These individuals' choices...

Persistent link: https://www.econbiz.de/10013064632

Ownership and Use Taxes as Congestion Correcting Instruments

Chia, Ngee-Choon; Tsui, Albert K.C; Whalley, John - 2021

In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift towards motor vehicle taxes based on car use. Ownership taxes reduce the number of cars on the road, leaving the price per trip largely unaffected. Use taxes such as fuel taxes and...

Persistent link: https://www.econbiz.de/10013247191

Efficient Local Government Service Provision : the Role of Privatization and Public Sector Unions

Jerch, Rhiannon - 2016

Local governments spend roughly $1.6 trillion per year to provide a variety of public services ranging from police and fire protection to public schools and public transit. However, we know little about public sector's productivity in delivering key services. To understand the productivity both...

Persistent link: https://www.econbiz.de/10012996392

Set-Asides and Subsidies in Auctions

Athey, Susan - 2011

policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of …

Persistent link: https://www.econbiz.de/10013128845

Sale Rates and Price Movements in Art Auctions

Ashenfelter, Orley - 2011

The failure of many paintings to sell in art auctions indicates the presence of reserve prices set by sellers. This … paper examines the relationship between sale rates and price surprises over time in art auctions. Using data on contemporary …

Persistent link: https://www.econbiz.de/10013130962

The Role of Information in U.S. Offshore Oil and Gas Lease Auctions

Porter, Robert H. - 2010

This paper describes the U.S. offshore oil and gas lease sales, conducted by the Department of the Interior since 1954. Several decision problems are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory...

Persistent link: https://www.econbiz.de/10013135175

Why Don't Issuers Choose IPO Auctions? The Complexity of Indirect Mechanisms

Jagannathan, Ravi - 2010

the three primary methods, fixed price public offers, auctions, and book building, auctions are least popular with issuers …. Since auctions allow for price discovery while avoiding the potential conflict of interest between issuer and underwriter …: namely, that participating in auctions is substantially more difficult for investors compared to the other methods, and that …

Persistent link: https://www.econbiz.de/10013139898

Learning from Seller Experiments in Online Markets

Einav, Liran - 2013

The internet has dramatically reduced the cost of varying prices, displays and information provided to consumers, facilitating both active and passive experimentation. We document the prevalence of targeted pricing and auction design variation on eBay, and identify hundreds of thousands of...

Persistent link: https://www.econbiz.de/10013092391

Inference of Bidders' Risk Attitudes in Ascending Auctions with Endogenous Entry

Fang, Hanming - 2013

Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … of risk attitudes in a more general model of ascending auctions with selective entry, where bidders receive entry …

Persistent link: https://www.econbiz.de/10013076172

China's Land Market Auctions : Evidence of Corruption

Cai, Hongbin - 2010

potential bidders and the auctioneer. Absent corruption, theory suggests that two stage auctions would most likely maximize … selection on property unobservables into such auctions. However, if such auctions are more corruptible, that could involve …, sales prices are lower for two stage auctions, and there is strong evidence of positive selection. The price difference is …

Persistent link: https://www.econbiz.de/10013152507