Showing 1 - 10 of 40
interaction of two alternative explanations of immigrant clustering: (1) network externalities and (2) herd behavior. We advance … network and herd effects in our empirical work. In order to distinguish between herd and network externalities, we use the … Mexican Migration Project data. Our empirical results show that both network externalities and herds have significant effects …
Persistent link: https://www.econbiz.de/10010318336
The newest dimension of the Digital Divide is access to broadband (high-speed) Internet service. Using comprehensive U.S. data covering all forms of access technology (chiefly DSL and cable modem), I look for evidence of unequal broadband availability in areas with high concentrations of poor,...
Persistent link: https://www.econbiz.de/10010318613
A perennial debate worldwide over housing aid policy focuses on whether the government should provide housing vouchers or subsidized public housing units. To complement the empirically- dominated literature, this paper builds a general equilibrium model that merges urban land use (monocentric...
Persistent link: https://www.econbiz.de/10010273664
Schelling [1969, 1971a, 1971b, 1978] presented a microeconomic model showing how an integrated city could unravel to a rather segregated city, notwithstanding relatively mild assumptions concerning the individual agents' preferences, i.e., no agent preferring the resulting segregation. We...
Persistent link: https://www.econbiz.de/10010284088
There is a rich literature analyzing the problems that will arise as the share of elderly and retired in the population increases in the near future. However, the locational decisions among the elderly as well as their implications in terms of taxes/transfers and of allocation of...
Persistent link: https://www.econbiz.de/10010321598
This paper examines the spatial dimension of marginal willingness to pay (MWP) for reduction of nuclear risks through increased insurance coverage. The effect of distance from a nuclear power plant on individuals' MWP is ambiguous. MWP is expected to decrease with distance because the risk of...
Persistent link: https://www.econbiz.de/10010315569
The paper characterizes the mixed-strategy equilibria in all-pay auctions with endogenous prizes that depend positively on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment games, lobbying games, and promotion tournaments. We also...
Persistent link: https://www.econbiz.de/10010315592
-pay auction with complete information and identity-dependent externalities. This condition shows that the generic equilibrium of … the standard all-pay auction is robust to the introduction of small identity-dependent externalities. In general, however …, the presence of identity-dependent externalities invalidates well-established qualitative results concerning the set of …
Persistent link: https://www.econbiz.de/10010316873
increases in service frequency reduce road traffic externalities. We exploit differences in service frequency growth by …
Persistent link: https://www.econbiz.de/10010316912
This paper provides an empirical investigation of externalities from education in Sweden in an earnings equation … also investigates the coherence of the evidence with respect to the idea that educational externalities arise through face … of the basic cross-sectional model. The cross-sectional models suggest, in general, that externalities are positive and …
Persistent link: https://www.econbiz.de/10010317895