production, congestion, and amenities externalities. We study the optimal policy toward foreign residents in a model with key … involves implementing transfers to internalize agglomeration, congestion, and other potential externalities. Importantly, we …

externalities (if any) shifted from underwriting to pricing during the mortgage bubble. We also test for any evidence of … as discriminatory redlining. Our findings provide evidence of a shift of the importance of information externalities from … underwriting to pricing decisions, although even in pricing the economic importance of information externalities is small for a …

We study neighbourhood externalities caused by large public investments in poor neighbourhoods. A stylised theory of a …