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| Registros recuperados: 18 | |
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| Bontems, Philippe. |
| We explore in this paper the consequences of status seeking preferences among agents contracting with a private principal in the context of production. We examine in particular the case of envy and we show that in general envy entails augmented distortions due to asymmetric information in optimal contracts. Furthermore if the principal neglects the preferences of the agents with respect to status, then potentially there is under-participation to the contract. We also show that if the principal is free to choose who can participate to the contract, then under some conditions the principal may prefer to contract with only a subset of potentially "profitable" agents (that is where his utility is strictly positive). We then ask whether contracting with agents... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Status; Adverse selection; Contracts; Envy; Externalities; Production Economics; D6; H0; D86. |
| Ano: 2009 |
URL: http://purl.umn.edu/49507 |
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| Neeman, Zvika; Paserman, Daniele; Simhon, Avi. |
| We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in equilibrium, are shown to be negatively correlated. Richer countries tend to be less corrupt, and corrupt economies tend to be poorer. This observation gives rise to the following puzzle: If poorer countries do indeed experience higher levels of corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries, who were poor once, become rich? Our answer is simple. In the past, economies were mostly "closed" in the sense that it was difficult to transfer illicit money outside of the economy. In contrast, today's economies are mostly open. In the relatively closed economies... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Corruption; Growth; Openness; International Development; F2; H0; O1; O4. |
| Ano: 2003 |
URL: http://purl.umn.edu/14977 |
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| Tra, Constant I.. |
| This study develops a discrete choice locational equilibrium model to evaluate the benefits of the air quality improvements that occurred in the Los Angeles area following the 1990 Clean Air Act Amendments (CAAA). The discrete choice equilibrium approach accounts for the fact that air quality improvements brought about by the 1990 CAAA will change housing choices and prices. The study provides the first application of the discrete choice equilibrium framework (Anas, 1980, Bayer et al., 2005) to the valuation of large environmental changes. The study also provides new evidence for the distributional welfare impacts of the 1990 CAAA in the Los Angeles area. Households’ location choices are modeled according to the random utility framework of McFadden (1973)... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Benefit analysis; Ozone improvement; Locational equilibrium; Discrete choice; Environmental Economics and Policy; H0; Q28; R13; R21. |
| Ano: 2007 |
URL: http://purl.umn.edu/7341 |
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| Tsukamoto, Satoshi. |
| This paper focuses on differentials between rental and owner costs as a primary determinant of local homeownership. In simultaneous equations to estimate the separate effects of owner cost and rent on homeownership rates, the control variables are various household and geographical factors (Census 2000 tract level dataset), in the samples of 48 contiguous states within the United States. The results show negative effects of rental and owner costs on homeownership rates. Ethnicity, income, age, property tax rate and loan usage rates, contribute to increased owner costs. Several factors had significant association with the rise in housing prices before 2006. |
| Tipo: Thesis or Dissertation |
Palavras-chave: Community/Rural/Urban Development; Consumer/Household Economics; Public Economics; D12; H0; R2. |
| Ano: 2010 |
URL: http://purl.umn.edu/91269 |
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| Bayer, Patrick; Pozen, David E.. |
| This paper uses data on juvenile offenders released from correctional facilities in Florida to explore the effects of facility management type (private for-profit, private nonprofit, public state-operated, and public county-operated) on recidivism outcomes and costs. The data provide detailed information on individual characteristics, criminal and correctional histories, judge-assigned restrictiveness levels, and home zipcodes allowing us to control for the non-random assignment of individuals to facilities far better than any previous study. Relative to all other management types, for-profit management leads to a statistically significant increase in recidivism, but, relative to nonprofit and state-operated facilities, for-profit facilities operate at a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Juvenile Crime; Juvenile correctional facilities; Recidivism; Prison privatization; Provision of public goods; Nonprofit; For-profit; Public; Labor and Human Capital; H0; H1; H4; K0; K4. |
| Ano: 2003 |
URL: http://purl.umn.edu/28484 |
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| Bayer, Patrick; McMillan, Robert; Rueben, Kim. |
| This paper sheds new light on the forces that drive residential segregation on the basis of race, assessing the extent to which across-race differences in other household characteristics can explain a significant portion of observed racial segregation. The central contribution of the analysis is to provide a transparent new measurement framework for understanding segregation patterns. This framework allows researchers to characterize patterns of segregation, to decompose them in meaningful ways, and to carry out partial equilibrium counterfactuals that illuminate the contributions of a variety of non-race characteristics in driving segregation. We illustrate our approach using restricted micro-Census data from the San Francisco Bay Area that provide a rich... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Residential segregation; Racial segregation; Sorting; Housing markets; Labor and Human Capital; H0; J7; R0; R2. |
| Ano: 2003 |
URL: http://purl.umn.edu/28435 |
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| Registros recuperados: 18 | |
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