Download or read book Three Essays on Public Economics and Strategic Behavior written by António Freitas and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Jeffrey Andrew Hemmeter and published by . This book was released on 2004 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Matthew Kim and published by . This book was released on 2007 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on the Economics of Government Behavior written by Bryan Douglas Caplan and published by . This book was released on 1997 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Christian Rafael Jaramillo Herrera and published by . This book was released on 2005 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Robert Laurent Scharff and published by . This book was released on 1999 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Manfredo Alejandro Dix and published by . This book was released on 1998 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Uncovering Economic Behavior in Heterogeneous Institutional Environments written by Jose Gabriel Castillo Garcia and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The three essays in this thesis foster the identification of unexpected influences of different institutional arrangements on economic outcomes. The first two essays, experimental in nature, analyze the impact of two different contexts within Public Goods Games (PGG) environments. The first essay documents exact replications of four classic experiments in PGG and cast unexpected results in contribution behavior. First, it shows how the attenuation effect in replication studies, well documented in other disciplines, is also pervasive in experimental economics. Not all previous findings replicate, and effects found in successful replications are much smaller. Second, it shows that experimental context matters; experimental subjects in Texas tend to contribute more and free ride less, across different experiments. The second essay analyzes whether democratic institutions have any impact on agency problems where group members face a centralized arrangement of sanctioning power. It offers novel evidence, although a weak effect, of the intrinsic incentives for pro-social behavior attached to legitimacy in democratic institutions to promote collective action and higher economic efficiency. Finally, the last essay offers an empirical alternative to unravel heterogeneous unobserved traits on credit market customers. Through the use of mixture density estimation methods and rich administrative data, it identifies different quality-types of clients for credit demand and default decisions. Credit customers differ in their individual preferences, as well as levels of foresight, strategic behavior; all unobserved by the principal (lender). Accounting for these unobserved traits improves the forecast of potential clients' behavior and offers alternatives for different contracts and risk-pricing strategies to reduce credit rationing. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/155533
Download or read book Essays in Public Economics written by Juan Carlos Suárez Serrato and published by . This book was released on 2012 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a collection of essays written in preparation for the degree of Doctor of Philosophy in Economics. The essays are grouped into three parts that address three areas of public economics. Part I, On the Effects of Government Spending at the Local Level, includes two chapters co-authored with Philippe Wingender that analyze the effects of government spending at the local level. These chapters propose and exploit a new identification strategy to measure the causal impact of government spending on the economy. In Chapter 2 we use this strategy to estimate the short term effects of government spending at the local level. Our estimates imply that government spending has a local income multiplier of 1.88 and an estimated cost per job of $30,000 per year. In Chapter 3 we analyze the economic incidence of sustained changes in federal government spending at the local level. We develop a spatial equilibrium model to show that when workers value publicly-provided goods, a change in government spending at the local level will affect equilibrium wages through shifts in both the labor demand and supply curves. Our estimates of this model conclude that an additional dollar of government spending increases welfare by $1.45 in the median county. Part II, On Behavioral Responses to Taxation, includes two chapters that analyze how the behavior of private agents responds to tax incentives. In Chapter 4 we study how individuals respond to non-linear taxes. We use a laboratory experiment to document and characterize a behavioral deviation from the standard economic model and argue that this deviation from the rational benchmark has important consequences for the welfare analysis of non-linear pricing schemes and non-linear taxes as well as for policies that advocate the provision of information regarding marginal incentives. In Chapter 5 we study how entrepreneurs organize their firms and how taxation might influence this choice. We focus on the dynamic choice of organizational form for startup firms and we quantify the impacts of tax and non-tax advantages of incorporation. Results from estimating a dynamic discrete choice model showthat static models underestimate fixed costs of reorganization while overestimating the non- tax advantages of incorporation. The revised estimates also lead to a substantive downward revision of the risk-taking incentive inherent in the flexibility to change organizational forms. Part III, On Applied Econometrics, is composed of a single chapter co-authored with Charlie Gibbons and Mike Urbancic and addresses the use of fixed effects in applied econo- metrics. Though common in the applied literature, it is known that fixed effects regressions with a constant treatment effect generally do not consistently estimate the sample-weighted treatment effect. Chapter 6 demonstrates the extent of the difference between the fixed effect estimate and the sample-weighted effect by replicating nine influential papers from the American Economic Review.
Download or read book Three Essays on Public Economics and Heterogeneity written by Anderson Luís Schneider and published by . This book was released on 2009 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Economics of Public Policy written by Ming-Sen Wang and published by . This book was released on 2014 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Binzhen Wu and published by . This book was released on 2006 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Marco Faravelli and published by . This book was released on 2007 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Money and Financial Institutions written by Martin Shubik and published by MIT Press. This book was released on 1999 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Download or read book Three Essays in Public Economics written by and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first and second chapters of this dissertation consider household financial decision making. In the first chapter I examine the phenomenon of early claiming for Social Security retirement benefits. Previous work has shown that early claiming, in particular by the primary earner in married couples, is not consistent with household benefit maximization nor is it predicted by models of utility maximization. I show that observed claiming behavior is explained well by a model in which the primary earner chooses when to claim without taking into consideration the effect of the choice on the secondary earner's spousal and survivor benefits. I find that the decrease in the value of household benefits due to early claiming is borne almost entirely by the surviving spouse. In the second chapter, with John Karl Scholz and Ananth Seshadri, we use the insight of a lifecycle model to better understand the factors that affect household retirement savings targets. Two of the most important determinants of savings targets are households' location in the lifetime income distribution and number of children. We measure the deviation of a set of financial guidelines for retirement saving from the optimal asset accumulation implied by the lifecycle model and suggest an alternate savings heuristic that takes into account insights from the lifecycle model. The third chapter applies a novel estimation strategy to measure the benefit of hazardous waste site remediation. In contrast to previous estimates, this method calculates the benefit of site remediation allowing for diminishing marginal utility. Using data on home sales in Cincinnati, Ohio in 2000 I find the median willingness to pay for a one mile increase to the nearest hazardous waste site is $228 per year. This is lower than previous estimates which range from $284 to $1,065 per year.
Download or read book Three Essays in Public Economics written by Thomas Mathiasen Selden and published by . This book was released on 1988 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Public Economics written by Hau Chyi and published by . This book was released on 2007 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
