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Hendren, Nathaniel - 2013

This paper illustrates how one can use causal effects of a policy change to measure its welfare impact without decomposing them into income and substitution effects. Often, a single causal effect suffices: the impact on government revenue. Because these responses vary with the policy in...

Persistent link: https://www.econbiz.de/10012459485

Evaluating Durable Public Good Provision using Housing Prices

Coate, Stephen - 2013

Recent empirical work in public finance uses the housing price response to public investments to assess the efficiency of local durable public good provision. This paper investigates the theoretical foundations for this technique. In the context of a novel theoretical model developed to study...

Persistent link: https://www.econbiz.de/10012459894

Voting on Public Goods : Citizens vs. Shareholders

Döttling, Robin; Levit, Doron Y.; Malenko, Nadya; … - National Bureau of Economic Research - 2024

We study the interplay between a "one person-one vote" political system and a "one share-one vote" corporate governance regime. The political system sets Pigouvian subsidies, while corporate governance determines firm-specific public good investments. Our analysis highlights a two-way feedback...

Persistent link: https://www.econbiz.de/10014576634

Financial Constraints on Corporate Goodness

Hong, Harrison - 2012

An influential thesis, dubbed "Doing well by doing good," argues that corporate social responsibility is profitable. But heterogeneity in firm financial constraints can induce a spurious correlation between profits and goodness even if the motives for goodness are non-profit in nature. We use...

Persistent link: https://www.econbiz.de/10012460185

Identification of Preferences and Evaluation of Income Tax Policy

Manski, Charles F. - 2012

, and public goods. Standard theory, which supposes that persons want more income and more leisure, does not predict how …

Persistent link: https://www.econbiz.de/10012460903

Land Use Controls and the Provision of Education

Hanushek, Eric A. - 2012

and quite inconsistent empirical support of the theory. More importantly, none of this work addresses important questions …

Persistent link: https://www.econbiz.de/10012460927

Inefficiencies from Metropolitan Political and Fiscal Decentralization : Failures of Tiebout Competition

Calabrese, Stephen - 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/10012461406

Optimal Taxation with Rent-Seeking

Rothschild, Casey - 2011

Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...

Persistent link: https://www.econbiz.de/10012461624

Corporate Social Responsibility and Voting over Public Goods

Samwick, Andrew; Wang, Sophie - National Bureau of Economic Research - 2023

This paper analyzes the impact of corporate social responsibility (CSR) on the total provision of public goods in a framework in which consumers who may make such voluntary contributions to public goods via CSR are also voters who decide on the level of taxes to finance publicly provided public...

Persistent link: https://www.econbiz.de/10014337865

On the Formation of Coalitions to Provide Public Goods - Experimental Evidence from the Lab

Dannenberg, Astrid - 2010

(coalitions) of players. International agreements serve as one example. This paper experimentally tests theory on the formation of … coalitions in different institutions and compares those to a voluntary contribution mechanism. The experiment confirms the rather … pessimistic conclusions from the theory: only few players form a coalition when the institution prescribes the full …

Persistent link: https://www.econbiz.de/10012462685