Showing 1 - 10 of 7,669
The extent of voluntary cooperation in the presence of externalities is shown as an equilibrium outcome in the supply and demand framework. The analysis uses familiar ingredients to provide a new way of understanding the results of the extensive literature beginning with Buchanan, Coase, Ostrom,...
Persistent link: https://www.econbiz.de/10014248013
Developing country megacities suffer from severe road traffic congestion, yet the level of congestion is not a direct measure of equilibrium inefficiency. I study the peak-hour traffic congestion equilibrium in Bangalore. To measure travel preferences, I use a model of departure time choice to...
Persistent link: https://www.econbiz.de/10013537795
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
econometric advancements, shifting focus to direct measures of biodiversity, filling the knowledge gap on the effect of protected …
Persistent link: https://www.econbiz.de/10014437004
We explore the effects of physical and regulatory risks related to biodiversity loss on economic activity and asset … values. We first develop a news-based measure of aggregate biodiversity risk and analyze how it varies over time. We also … construct and publicly release several firm-level measures of exposure to biodiversity risk, based on textual analyses of firms …
Persistent link: https://www.econbiz.de/10014250155
concerns over the extent and rate of biodiversity loss have led to renewed interest in extinction outcomes and speculation …
Persistent link: https://www.econbiz.de/10014447273
The use of private capital to finance biodiversity conservation and restoration is a new practice in sustainable … finance. This study sheds light on this new practice. First, we provide a conceptual framework that lays out how biodiversity … types of financing is the "monetization" of biodiversity, that is, the extent to which investments in biodiversity can …
Persistent link: https://www.econbiz.de/10014247943
We use the price effects caused by the passage of rent control in St. Paul, Minnesota in 2021, to study the transfer of wealth across income groups. First, we find that rent control caused property values to fall by 6-7%, for an aggregate loss of $1.6 billion. A calibrated model of house prices...
Persistent link: https://www.econbiz.de/10013210111
green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air … pollution that lead to fluctuations in subsidy allocations: Firms in cities where weather-driven subsidy uncertainty is high … focused on environmental technologies are more affected. The results suggest that policy uncertainty may originate not only …
Persistent link: https://www.econbiz.de/10014322788
biodiversity. This paper uses the staggered introduction of protected-area policies between 1985 and 2020 to study the selection of …
Persistent link: https://www.econbiz.de/10014447255