Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...

To evaluate the potential effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referendums. In a case study of the Stuttgart 21 referendum on one of the largest infrastructure projects in Germany, we find that support for...

This Article challenges the conventional wisdom that states compete for incorporations. Delaware aside, no state stands to gain meaningful tax revenues or legal business from chartering firms, and no state takes significant steps to attract incorporations. The explanation for this apathy lies in...

Taxing real estate developers is an attractive means of financing the cost of urban growth. However, development taxes may conflict with policy goals concerning land-use by distorting the behavior of developers. The goal of this paper is to analyze the effect of impact fees on the density and...

To assess the likely effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referenda. To this end, we provide the first quantitative review of the literature and a case study of the Stuttgart 21 referendum on one of the...

We use a public referendum on a new aviation concept in Berlin, Germany, as a natural experiment to analyze how the interaction of tenure and capitalization effects influences the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...

In the past few decades, across the United States, middle- and upper-class whites have been returning to those they abandoned in the 1970's, attracting renewed investment from public and private actors to once-disinvested neighborhoods. Meanwhile, lower-income communities of color who remained...

Professional sports facilities and teams generate local amenity flows in cities that may affect property values. Previous research shows evidence of important positive and negative local amenity flows based on case studies of changes in residential property values in specific cities. We analyze...

Objective: The objective of the article is to assess why some zone managing companies (ZMCs) are more successful in developing their special economic zones (SEZs) than others. In almost every part of Poland, there are winners and losers among SEZs. It suggests that the advantage of having a...