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With more than ten thousand casualties, the 2014 Ukrainian war between pro-Russian separatists and the government in … the period 1995-2017, this paper quantifies the short-term causal effects of the Donbass war on Ukraine's GDP. Results … war amounts to 15.1% on average for 2013-2017. Separate analysis for the affected provinces of Donetsk and Luhansk …
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A federal government tries to force local governments to implement welfare optimal tolling and investment. Welfare optimal tolling requires charging for marginal external costs. Local governments have an incentive to charge more than the marginal social cost whenever there is transit traffic. We...
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