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Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that seeks to implement efficient allocations, and a 'Politics'...
Persistent link: https://www.econbiz.de/10013043608
This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits...
Persistent link: https://www.econbiz.de/10013050314
This paper explores the relationship between aggregate land rents and aggregate transport costs for land markets in which locations differ solely in terms of accessibility. That there exists a relationship between land rents and transport costs has been recognized at least since the time of von...
Persistent link: https://www.econbiz.de/10012787780
Persistent link: https://www.econbiz.de/10014094868
We examine variation in local wage levels, housing costs, and commuting costs for 2071 areas covering the United States within and across metropolitan areas. In an equilibrium model of residential and workplace choice, we use these measures to construct a willingness-to-pay index for a typical...
Persistent link: https://www.econbiz.de/10013224386
We study optimal dynamic lockdowns against Covid-19 within a commuting network. Our framework integrates canonical spatial epidemiology and trade models, and is applied to cities with varying initial viral spread: Seoul, Daegu and NYC-Metro. Spatial lockdowns achieve substantially smaller income...
Persistent link: https://www.econbiz.de/10012829786
estimate the effect of social image concerns on voting. In a door-to-door survey about election turnout, we experimentally vary …, and (iii) the incentives to lie about past voting. Our estimates suggest significant social image concerns. For a … plausible range of lying costs, we estimate the monetary value of voting `because others will ask' to be in the range of $5 …
Persistent link: https://www.econbiz.de/10013060265
respect to voting preferences, union members are more likely to vote for a Democrat for the House or Presidency than … demographically comparable nonunion voters, largely because union members have attitudes and voting inclinations favorable to the …
Persistent link: https://www.econbiz.de/10013232137
influential studies of congressional voting by Poole and Rosenthal. Congressmen vote on more than ideology. Issue …-specific attributes are an important determinant of congressional" voting patterns. The estimated dimension is too large for the median … voter model to describe congressional voting …
Persistent link: https://www.econbiz.de/10013323568
Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public...
Persistent link: https://www.econbiz.de/10013138319