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The evaluation of policy-relevant economic research requires an ethical foundation.Classical liberal theory provides the requisite foundation for this dissertation, which usesvarious econometric tools to estimate the effects of shifting some of the property tax frombuildings to land in 15 cities...
Persistent link: https://www.econbiz.de/10009433768
We analyze the change in consumer demand following a mean preserving change in consumption inequality when there is conspicuous consumption. We model interdependent preferences including “keeping up with the Joneses” (imitating others) and “running away from the Joneses” (distinguishing...
Persistent link: https://www.econbiz.de/10015223059