Public goods networks arouse conflict between those who already benefit from the project and those who merely pay its costs. Thus, it may seem that it is difficult for pork-barrel politicians to target these public goods for logrolling with other districts. The purpose of this paper is to show...

We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...

We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...

This paper investigates the problem of the optimal location of public facilities. I develop a quantifiable model in which the central planner decides on a location strategy, which includes the geographical location and the capacity of public facilities, while anticipating how individuals and...

While philanthropy is seen as a critical instrument for wealth redistribution in countries with low state capacity or weak welfare institutions, there is little empirical evidence of its distributional consequences. How does philanthropic public good provision affect inequalities in access to...

The city of New Orleans suffered extensive damage as a result of Hurricane Katrina. Katrina overwhelmed the natural and built environment, inundating the city. As rebuilding proceeds, decisions on investment in protective measures will include the choice of lines of defense and the storm...

This paper employs Roback's locational-equilibrium model of public-goods pricing, cross-sectional data from the Census of Population and Housing, and SMSA-level estimates of public capital stocks in order to examine the productive contribution of public capital. I find that public capital has a...

In this paper, we tackle the issue of locating a public facility which provides a public good in a closed and populated territory. This facility generates differentiated benefits to neighborhoods depending on their distance from it. We first characterize the optimal location which would be...

This working paper wants to explore the effectiveness of momentum or contrarian strategy in Indonesian Stock Exchange using different methods in measuring the performance. The point of momentum or contrarian strategy is selecting winner (stocks with highest gain) or loser stock (stocks with...

Research aims to understand the influence of characteristic companies variables to earnings response coefficient. Earnings response coefficient is the coefficient that obtained from regression between proxy of stock price and accounting profit. Based on fundamental theory and previous research,...