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Earlier studies estimating the demand for local public services by means of the median voter model have typically … assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand … rationalised by a Cobb-Douglas utility function. This implies that the log-linear specification of the demand function is valid as …
Persistent link: https://www.econbiz.de/10011589220
Persistent link: https://www.econbiz.de/10001537285
Florian Dorn erstellte diesen Beitrag während seines Promotionsstudiums an der Universität München (LMU). Die Studie wurde im September 2020 abgeschlossen und von der Fakultät für Volkswirtschaftslehre als Dissertation angenommen. Die Dissertation trägt zur Empirie der Ökonomie des...
Persistent link: https://www.econbiz.de/10012807266
average, 3.8 families that would like to move into the vacated unit. Simple logit demand models that ignore supply side … fact that the demand for public housing may exceed the available supply. We show that ignoring these supply side …
Persistent link: https://www.econbiz.de/10011757089
We develop a new dynamic equilibrium model with heterogeneous households that captures the most important frictions that arise in housing rental markets and explains the political popularity of affordable housing policies. We estimate the model using data collected by the New York Housing...
Persistent link: https://www.econbiz.de/10012202362
The phenomena of manipulation of the economy by the incumbent for electoral purpose are called Political Business Cycles (PBC), introduced by Nordhaus (1975). Using policy control economic instruments, as fiscal and monetary instruments, government may manipulate the economy to gain electoral...
Persistent link: https://www.econbiz.de/10003955876
Despite the extensive literature on distributive politics, we still lack a theory of how political and fiscal institutions interact to shape the pork‐barrelling ability of national leaders in a federal parliamentary democracy. Focusing on party system attributes and governmental incentives...
Persistent link: https://www.econbiz.de/10012961257
Do voters value the quality of local public goods, such as whether pavements are clean, whether benches in the park need repair, or whether local roads are in good shape? Using almost 150,000 geo-located complaints that were posted on the complaint-platform FixMyStreet.com between 2007 and 2011,...
Persistent link: https://www.econbiz.de/10012307746
The paper presents a political agency model that observes how budgetary decisions on public good production affect the prospects of holding office for an incumbent political party. A simple budgetary function is broadened to include other expenditures such as public sector wages and social...
Persistent link: https://www.econbiz.de/10013111888
goods (including security and order) produces a low demand for public goods, and vice versa. This trap is grounded on, and …
Persistent link: https://www.econbiz.de/10012941543