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The history of the Netherlands reveals major shifts from centralisation of government tasks towards decentralisation and vice versa. In the seventeenth century, the Republic of United Provinces was the first federal state in modern history. Many transformations later the Kingdom of the...
Persistent link: https://www.econbiz.de/10011110724
In the 50 years since its publication, Mancur Olson's Logic of Collective Action has had an enormous impact on the academic literature in both economics and political science. In this review essay, I discuss Olson's work in light of the ensuing research, particularly developments in the...
Persistent link: https://www.econbiz.de/10013056939
Under the standard summation technology, pure public goods can be provided via the direct contributions mechanism, even in an arbitrarily large group. However, if the public good exhibits any degree of rivalry, individual consumption of the public good will fall to zero as group size grows...
Persistent link: https://www.econbiz.de/10014215954
People often sacrifice their self-interest for a group to which they belong, even when outsiders are harmed so that the sacrifice has no net benefit. Two experiments (conducted on the World Wide Web) suggest that people do this, in part, because they think that cooperation on behalf of the group...
Persistent link: https://www.econbiz.de/10014150147
Morgan (2000) has shown that lotteries are potentially an effective mechanism for the provision of public goods. In particular, he has shown that lotteries lead to a level of provision above the level provided by the voluntary contributions mechanism. In this paper, we analyze the effect of...
Persistent link: https://www.econbiz.de/10014065848
We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output … competitive house builders. For parcels of a given size, we compute housing by summing across the marginal products of non … housing across locations. We implement our methodology on newly-built single-family homes in France. We find that the …
Persistent link: https://www.econbiz.de/10011584688
attractiveness is proxied by a Q ratio for Swedish housing investment based on Tobin's Q. Access to stores within municipal market …
Persistent link: https://www.econbiz.de/10010504490
attractiveness is proxied by a Q ratio for Swedish housing investment based on Tobin's Q. Access to stores within municipal market …
Persistent link: https://www.econbiz.de/10010467095
Housing is key for well-being and for spatial and social mobility. In India, the housing market is characterised by … excess demand for affordable dwellings, a small rental market and an oversupply of high-end housing, especially in urban …
Persistent link: https://www.econbiz.de/10012259039
We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output … competitive house builders. For parcels of a given size, we compute housing by summing across the marginal products of non … housing across locations. We implement our methodology on newly-built single-family homes in France. We find that the …
Persistent link: https://www.econbiz.de/10011581668