Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often sparks protests by local residents. In this paper, I provide new evidence on the costs of airport-related noise (and other disamenities of airports) for individuals. In contrast...

In diesem kurzen Aufsatz werden die Kosten des Terrors für den internationalen Handel diskutiert. Unstrittig ist, dass Unsicherheit und Gewalt die wirtschaftliche Aktivität lähmen können. Ob auch terroristische Aktionen, die häufig isolierte Ereignisse darstellen, selten auf direkte...

Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...