The author analyzes impact fees on developers and suggests that their true incidence may be different from that intended by local governments. The fees may not force new homebuyers to bear the burden of infrastructure improvement costs associated with their homes, which is the result intended by...

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

This paper aims at providing a guide to ensure efficiency in the management of Chad's windfall to support the development process and poverty reduction. The analysis is based on the lessons and experience of countries that have successfully used natural-resource-generated windfalls to launch...