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We estimate the impact of piped water and sewers on property values in mid-19th century Chicago. The cost of sewer construction depends sensitively on imperceptible variation in grade, and such variations in grade delay water and sewer service to part of the city. This delay provides...
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We study planned price changes in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand deficiencies dominate in the short run. Quarter … role for demand stimulus policy to buffer the Covid-19 economic crisis. …
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:4. We model the importance of MSA-specific demand and supply characteristics through a set of interaction terms between … federal funds rate is associated with home price run-ups in MSAs that are characterized by higher demand and tighter supply …
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In recent years, numerous cities in the U.S. have enacted taxes on beverages to promote health and raise revenue. This paper examines the impact of Philadelphia's beverage tax, enacted in 2017, on the prices and availability of taxed beverages and untaxed beverages that may be substitutes for...
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This paper studies the demand for charter schools in Boston, Massachusetts, with an emphasis on comparative advantage … score gains for disadvantaged, low-achieving students, but demand for charters is stronger among richer students and high …
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