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Valuing Incremental Highway Capacity in a Network
Smith, V. Kerry; Klaiber, H. Allen - National Bureau of Economic Research (NBER) - 2010
The importance of increments to an existing highway system depends upon their contributions to the accessibility provided by the existing network. Nearly 40 years ago, Mohring [1965] suggested this logic for planning optimal highway investment programs. He argued it could be implemented by...
Persistent link: https://www.econbiz.de/10008615805
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Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers
Bernheim, B. Douglas; Rangel, Antonio - National Bureau of Economic Research (NBER) - 2005
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10005829485
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Decentralization in Developing Economies
Singhal, Monica; Gadenne, Lucie - National Bureau of Economic Research (NBER) - 2013
Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has been a recent push toward decentralization around the world. However, developing countries presently still have less decentralization, particularly on the revenue side, than both...
Persistent link: https://www.econbiz.de/10010822001
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Inefficiencies from Metropolitan Political and Fiscal Decentralization: Failures of Tiebout Competition
Romano, Richard Evans; Calabrese, Stephen; Epple, Dennis N. - National Bureau of Economic Research (NBER) - 2011
We examine the welfare effects of provision of local public goods in an empirically relevant setting using a multi-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first-best allocation and show efficiency can be implemented with...
Persistent link: https://www.econbiz.de/10009228884
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What Are Cities Worth? Land Rents, Local Productivity, and the Capitalization of Amenity Values
Albouy, David - National Bureau of Economic Research (NBER) - 2009
This article examines and quantifies the relationship between local amenities and prices in an equilibrium model, demonstrating the role of non-traded goods and federal taxes. I derive formulae using factor shares to infer local land rents, productivity, and the total value of amenities from...
Persistent link: https://www.econbiz.de/10004969346
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Are Big Cities Bad Places to Live? Estimating Quality of Life across Metropolitan Areas
Albouy, David - National Bureau of Economic Research (NBER) - 2008
The standard revealed-preference estimate of a city's quality of life is proportional to that city's cost-of-living relative to its wage-level. Adjusting estimates to account for federal taxes, non-housing costs, and non-labor income produces more plausible quality-of-life estimates than in the...
Persistent link: https://www.econbiz.de/10004969354
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Schools and Location: Tiebout, Alonso, and Government Policy
Hanushek, Eric; Yilmaz, Kuzey - National Bureau of Economic Research (NBER) - 2007
An important element in considering school finance policies is that households are not passive. Instead they respond to policies with a combination of modified residential choice and political choice of tax levels. The highly stylized decision models of most existing analyses, however, lead to...
Persistent link: https://www.econbiz.de/10005828473
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Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing
Ghani, Ejaz; Goswami, Arti Grover; Kerr, William R. - National Bureau of Economic Research (NBER) - 2012
We investigate the impact of the Golden Quadrilateral (GQ) highway project on the Indian organized manufacturing sector using enterprise data. The GQ project upgraded the quality and width of 5,846 km of roads in India. We use a difference-in-difference estimation strategy to compare non-nodal...
Persistent link: https://www.econbiz.de/10010950745
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Foreclosure, Vacancy and Crime
Walsh, Randall Phillip; Cui, Lin - National Bureau of Economic Research (NBER) - 2014
This paper examines the impact of residential foreclosures and vacancies on violent and property crime. To overcome confounding factors, a difference-in-difference research design is applied to a unique data set containing geocoded foreclosure and crime data from Pittsburgh, Pennsylvania....
Persistent link: https://www.econbiz.de/10010950883
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Regulation and Housing Supply
Gyourko, Joseph; Molloy, Raven - National Bureau of Economic Research (NBER) - 2014
this chapter, we review the literature on the causes and effects of this type of regulation. We begin with a discussion of … how researchers measure regulation empirically, which highlights the variety of methods that are used to constrain … development. Many theories have been developed to explain why regulation arises, including the role of homeowners in the local …
Persistent link: https://www.econbiz.de/10010951413