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Rent extraction by public sector workers may be limited by the ability of taxpayers to vote with their feet. But rent extraction may be higher in regions where high amenities mute the migration response. This paper develops a theoretical model that predicts such a link between public sector wage...
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This paper offers a new theoretical approach to urban squatting, reflecting the view that squatters and formal residents compete for land within a city. The key implication is that squatters "squeeze" the formal market, raising the price paid by formal residents. The squatter organizer ensures...
Persistent link: https://www.econbiz.de/10005761619
The authors analyze the effects of building height restrictions, providing a concrete welfare cost estimate for the city of Bangalore, India. Relying on several theoretical results, their analysis shows that the welfare cost imposed on its residents by Bangalore's building height restriction...
Persistent link: https://www.econbiz.de/10004989753
This paper provides a simple analysis of the effects of network structure on the scheduling, traffic, and aircraft-size choices of a monopoly airline. The analysis shows that switching to an HS network leads to increases in both flight frequency and aircraft size, while stimulating local traffic...
Persistent link: https://www.econbiz.de/10005819069
This paper extends a new line of research on urban squatting that focuses on the role of the squatter organizer. The model replaces the benevolent organizer from previous studies with a collection of competing, rent-seeking squatter organizers, a structure that may offer a realistic picture of...
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