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Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien J. Bradley, Estelle Dauchy, Makoto Hasegawa
Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien J. Bradley, Estelle Dauchy, Makoto Hasegawa
Sebastien J Bradley
Inattention To Deferred Increases In Tax Bases: How Michigan Homebuyers Are Paying For Assessment Limits, Sebastien J. Bradley
Inattention To Deferred Increases In Tax Bases: How Michigan Homebuyers Are Paying For Assessment Limits, Sebastien J. Bradley
Sebastien J Bradley
Persistence In Industrial Policy Impacts: Evidence From Depression-Era Mississippi, Matthew Freedman
Persistence In Industrial Policy Impacts: Evidence From Depression-Era Mississippi, Matthew Freedman
Matthew Freedman
Immigration, Employment Opportunities, And Criminal Behavior, Matthew Freedman, Emily Owens, Sarah Bohn
Immigration, Employment Opportunities, And Criminal Behavior, Matthew Freedman, Emily Owens, Sarah Bohn
Matthew Freedman
Your Friends And Neighbors: Localized Economic Development And Criminal Activity, Matthew Freedman, Emily G. Owens
Your Friends And Neighbors: Localized Economic Development And Criminal Activity, Matthew Freedman, Emily G. Owens
Matthew Freedman
General Equilibrium Models With Morishima Elasticities Of Substitution In Production, Daniel H. Karney
General Equilibrium Models With Morishima Elasticities Of Substitution In Production, Daniel H. Karney
Daniel H Karney
Who Benefits From Environmental Regulation? Evidence From The Clean Air Act Amendments, Antonio Bento, Matthew Freedman, Corey Lang
Who Benefits From Environmental Regulation? Evidence From The Clean Air Act Amendments, Antonio Bento, Matthew Freedman, Corey Lang
Matthew Freedman
Place-Based Programs And The Geographic Dispersion Of Employment, Matthew Freedman
Place-Based Programs And The Geographic Dispersion Of Employment, Matthew Freedman
Matthew Freedman
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Abhra Roy
The incentive of providing protection of intellectual property has been analyzed, both for an emerging economy as well as for a developed economy. The optimal patent length and the optimal patent breadth within a country are found to be positively related to each other for a fixed structure of laws abroad. Moreover, a country can respond to stronger patent protection abroad by weakening its patent protection under certain circumstances and by strengthening its patent protection under other circumstances. These results depend upon the curvature of the R&D production function. Finally, we investigate the impact of an increase in the willingness-to-pay …
Asean Public Private Partnership Guidelines, Fauziah Zen, Michael Regan
Asean Public Private Partnership Guidelines, Fauziah Zen, Michael Regan
Michael Regan
The ASEAN PPP Guidelines are designed for ASEAN nations and provide a common set of policy principles for member countries. The Guidelines offer a broad framework based on best practice standards that will help government departments to manage the processes and procedures that need to be taken when implementing PPP projects. In this respect, common policy principles provide consistency, confidence and certainty to foreign private investors and help facilitate cross-border PPP projects and enhance greater connectivity through harmonisation of member’s regulatory requirements. ASEAN nations will already have in place PPP laws and policies, and many international agencies provide financial assistance …
Low-Income Housing Development, Poverty Concentration, And Neighborhood Inequality, Matthew Freedman, Tamara Mcgavock
Low-Income Housing Development, Poverty Concentration, And Neighborhood Inequality, Matthew Freedman, Tamara Mcgavock
Matthew Freedman
Wage Bargaining Under The National Labor Relations Act, Jesse Schwartz, Quan Wen
Wage Bargaining Under The National Labor Relations Act, Jesse Schwartz, Quan Wen
Jesse A. Schwartz
Sections 8(a)(3) and 8(a)(5) of the National Labor Relations Act (NLRA) prohibit the management of a firm from unilaterally increasing the wage during contract negotiations without the union's approval. We show how the management can strategically increase the wage during negotiations without violating the NLRA. Increasing the wage during negotiations will upset the union's incentive to strike and decrease the union's bargaining power, thereby shrinking the set of equilibrium contracts in the firm's favor. Indeed, as the union becomes more patient, the set of equilibrium wages converges to the best equilibrium outcome to the firm.
Wage Negotiation Under Good Faith Bargaining, Jesse Schwartz, Quan Wen
Wage Negotiation Under Good Faith Bargaining, Jesse Schwartz, Quan Wen
Jesse A. Schwartz
We study the wage negotiation model of Haller and Holden (1990) and Fernandez and Glazer (1991) under the "Good Faith Bargaining" (GFB) rule, where a party may not demand more than it has previously demanded. The GFB rule significantly restricts feasible strategies, but at the same time, makes the game non-stationary and the analysis complicated. We introduce a state-dependent backward induction that generalizes Shaked and Sutton (1984) to characterize the equilibrium payoffs. We find that the GFB rule eliminates the union's credibility to strike. Without the strikes, the union's strategic opportunities during disagreement disappear, so that there is a unique …
Undergraduate Public Finance (Bepp 201), Matthew Freedman
Undergraduate Public Finance (Bepp 201), Matthew Freedman
Matthew Freedman
This course will examine the role of the government in the economy and its impact on individuals and firms. The aim of the course is to provide an understanding of the reasons for government intervention in the economy, the extent of that intervention, and the response of individuals and firms to the government’s actions. A wide variety of topics will be covered, including (but not limited to) environmental regulation, education, health care, social insurance programs, budget deficits, and the taxation of both individuals and firms.
The syllabus is posted here.
Course materials are posted on Canvas.
Taught Spring …
Property Value Impacts Of Foreclosed Housing Acquisitions Under Uncertainty, Michael P. Johnson Jr., Senay Solak, Rachel B. Drew, Jeffrey Keisler
Property Value Impacts Of Foreclosed Housing Acquisitions Under Uncertainty, Michael P. Johnson Jr., Senay Solak, Rachel B. Drew, Jeffrey Keisler
Michael P. Johnson
Community development corporations seek to stabilize neighborhoods affected by the recent foreclosure crisis through acquisition and redevelopment of distressed properties. One rationale for this work is the alleviation or avoidance of negative foreclosure impacts. We estimate the lost value to proximate properties associated with a single foreclosure through a Markov chain representing probabilistic transitions between foreclosure stages. We apply our model to a case study of foreclosure properties in Chelsea, MA. A rank ordering by estimated property value impacts indicates significant potential gains in social value as compared to current community development practice. We extend our basic model to address …
Multiple Pollutants, Unovered Sectors, And Suboptimal Environmental Policies, Daniel Karney, Don Fullerton
Multiple Pollutants, Unovered Sectors, And Suboptimal Environmental Policies, Daniel Karney, Don Fullerton
Daniel H Karney
In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In each case, we solve for closed-form solutions that highlight important parameters. We demonstrate two important ways that environmental taxes and permits are not equivalent. First, the change in the pollutant facing a tax increase depends on whether the other pollutant is subject to a tax or permit policy. Second, if …
Federal Competition And Economic Growth, Katrina Kosec, John William Hatfield
Federal Competition And Economic Growth, Katrina Kosec, John William Hatfield
Katrina Kosec
Targeted Business Incentives And Local Labor Markets, Matthew Freedman
Targeted Business Incentives And Local Labor Markets, Matthew Freedman
Matthew Freedman
Price Elasticity Of Expenditure Across Health Care Services, Fabian Duarte
Price Elasticity Of Expenditure Across Health Care Services, Fabian Duarte
Fabian Duarte
Policymakers in countries around the world are faced with rising health care costs and are debating ways to reform health care to reduce expenditures. Estimates of price elasticity of expenditure are a key component for predicting expenditures under alternative policies. Using unique individual-level data compiled from administrative records from the Chilean private health insurance market, I estimate the price elasticity of expenditures across a variety of health care services. I find elasticities that range between zero for the most acute service (appendectomy) and −2.08 for the most elective (psychologist visit). Moreover, the results show that at least one third of …
Teaching New Markets Old Tricks: The Effects Of Subsidized Investment On Low-Income Neighborhoods, Matthew Freedman
Teaching New Markets Old Tricks: The Effects Of Subsidized Investment On Low-Income Neighborhoods, Matthew Freedman
Matthew Freedman
Reaching For The Brass Ring: The U.S. News & World Report Rankings And Competition, Ronald Ehrenberg
Reaching For The Brass Ring: The U.S. News & World Report Rankings And Competition, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] The behavior of academic institutions, including the extent to which they collaborate on academic and nonacademic matters, is shaped by many factors. This paper focuses on one of these factors, the U.S. News & World Report (USNWR) annual ranking of the nation’s colleges and universities as undergraduate institutions, exploring how this ranking exacerbates the competitiveness among American higher education institutions. After presenting some evidence on the importance of the USNWR rankings to both public and private institutions at all levels along the selectivity spectrum, I describe how the rankings actually are calculated, then discuss how academic institutions alter their …
The 1995 Nrc Ratings Of Doctoral Programs: A Hedonic Model, Ronald Ehrenberg, Peter Hurst
The 1995 Nrc Ratings Of Doctoral Programs: A Hedonic Model, Ronald Ehrenberg, Peter Hurst
Ronald G. Ehrenberg
We describe how one can use multivariate regression models and data collected by the National Research Council as part of its recent ranking of doctoral programs (Research-Doctorate Programs in the United States: Continuity and Change) to analyze how measures of program size, faculty seniority, faculty research productivity, and faculty productivity in producing doctoral degrees influence subjective ratings of doctoral programs in 35 academic fields. Using data for one of the fields, economics, we illustrate how university administrators can use the models to compute the impact of changing the number of faculty positions they allocate to the field on …
Advance Notice Provisions In Plant Closing Legislation: Do They Matter?, Ronald Ehrenberg, George Jakubson
Advance Notice Provisions In Plant Closing Legislation: Do They Matter?, Ronald Ehrenberg, George Jakubson
Ronald G. Ehrenberg
This paper evaluates the cases for and against plant closing legislation. In spite of the growth of legislative efforts in the area, there has been surprisingly little effort devoted to analyzing what the effects are of existing plant closing legislation, of provisions in privately negotiated collective bargaining agreements that provide for advance notice in case of plant shutdowns and/or layoffs, and of voluntary employer provision of advance notice. The paper summarizes the results of previous research, and our own empirical analyses that used the January 1984 Bureau of Labor Statistics Survey of Displaced Workers, on the effects of advance notice …
Did Teachers’ Race And Verbal Ability Matter In The 1960’S? Coleman Revisited, Ronald Ehrenberg, Dominic Brewer
Did Teachers’ Race And Verbal Ability Matter In The 1960’S? Coleman Revisited, Ronald Ehrenberg, Dominic Brewer
Ronald G. Ehrenberg
Our paper reanalyzes data from the classic 1966 study Equality of Educational Opportunity, or Coleman Report. It addresses whether teacher characteristics, including race and verbal ability, influenced "synthetic gain scores" of students (mean test scores of upper grade students in a school minus mean test scores of lower grade students in a school), in the context of an econometric model that allows for the possibility that teacher characteristics in a school are endogenously determined. We find that verbal aptitude scores of teachers influenced synthetic gain scores for both black and white students. Verbal aptitude mattered as much for black teachers …
Generation X: Redefining The Norms Of The Academy, Ronald Ehrenberg
Generation X: Redefining The Norms Of The Academy, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] The members of Generation X are the young faculty members of today and the immediate future. The panelists at this session of the conference were asked to discuss the effects of this generation on academic norms and institutional governance and the types of new models that may be emerging for academia as a result of them. More specifically, they were asked if the attitudes and loyalties of these young faculty members really do differ from that of the Baby Boom Generation, how their attitudes and behavior affect graduate programs, what academic institutions will need to do to attract the …
Public Policy Special Edition On Local Government, Michael Kortt, Bligh Grant, Brian Dollery
Public Policy Special Edition On Local Government, Michael Kortt, Bligh Grant, Brian Dollery
Bligh Grant
No abstract provided.
Regional And Local Tensions: The Role Of Shared Services, Michael Kortt, Brian Dollery, Bligh Grant
Regional And Local Tensions: The Role Of Shared Services, Michael Kortt, Brian Dollery, Bligh Grant
Bligh Grant
No abstract provided.
Cornering The Black Market: A Role For The Corner Store In Community Development, Seneca Vaught
Cornering The Black Market: A Role For The Corner Store In Community Development, Seneca Vaught
Seneca Vaught
This paper addresses these important themes by examining the impact of corner stores in two American cities: Buffalo, New York and Atlanta, Georgia. The paper illustrates how corner stores can effectively address unique demands in urban niche markets and the problems and possibilities these approaches present. The paper puts these developments into a historical, economic and spatial context that illustrates how neighborhood stores emerge and the dynamics of race, economics, and geography that they engage. Finally, the paper illustrates several models for effective small propriety grocers that specifically address issues of economic disparity and racial divisions, illustrating how these examples …
Unequal Progress: The Annual Report On The Economic Status Of The Profession 2002-03, Ronald Ehrenberg
Unequal Progress: The Annual Report On The Economic Status Of The Profession 2002-03, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Most colleges and universities adopted budgets for the 2002-03 academic year in the spring and early summer of 2002. At that time, a pessimist might have cited several factors – negative rates of return from institutional endowments, a rising unemployment rate, an economic recession, and large increases in college and university enrollments, for example - to predict that faculty members would not see their earnings increase substantially in real terms in the coming year. The good news is that, overall and on average, the pessimists' worst fears proved incorrect. The bad news is that the overall aver-ages don't tell …
Introduction [To Advance Notice Provisions In Plant Closing Legislation], Ronald Ehrenberg, George Jakubson
Introduction [To Advance Notice Provisions In Plant Closing Legislation], Ronald Ehrenberg, George Jakubson
Ronald G. Ehrenberg
No abstract provided.