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Full-Text Articles in Social and Behavioral Sciences

The Dynamics Of House Price Responsiveness And Locational Sorting: Evidence From Air Quality Changes, Corey Lang Mar 2015

The Dynamics Of House Price Responsiveness And Locational Sorting: Evidence From Air Quality Changes, Corey Lang

Corey Lang

Despite extensive use of housing data to reveal valuation of non-market goods, the process of house price adjustment remains vague. Using the restricted access American Housing Survey, a high-frequency panel of prices, turnover, and occupant characteristics, this paper examines the time path of prices and preference-based sorting in response to air quality changes caused by differential regulatory pressure from the 1990 Clean Air Act Amendments. The results suggest that owner-occupied units capitalize changes quickly, whereas rent prices lag behind amenity levels. The delayed but sharp rent response temporally coincides with evidence of sorting, indicating a strong link between location choices …


The Dynamics Of House Price Responsiveness And Locational Sorting: Evidence From Air Quality Changes, Corey Lang Mar 2015

The Dynamics Of House Price Responsiveness And Locational Sorting: Evidence From Air Quality Changes, Corey Lang

Corey Lang

Despite extensive use of housing data to reveal valuation of non-market goods, the process of house price adjustment remains vague. Using the restricted access American Housing Survey, a high-frequency panel of prices, turnover, and occupant characteristics, this paper examines the time path of prices and preference-based sorting in response to air quality changes caused by differential regulatory pressure from the 1990 Clean Air Act Amendments. The results suggest that owner-occupied units capitalize changes quickly, whereas rent prices lag behind amenity levels. The delayed but sharp rent response temporally coincides with evidence of sorting, indicating a strong link between location choices …


The Mitigating Effect Of Strategic Behavior On The Net Benefits Of A Direct Load Control Program, Corey Lang, Edson Okwelum Feb 2015

The Mitigating Effect Of Strategic Behavior On The Net Benefits Of A Direct Load Control Program, Corey Lang, Edson Okwelum

Corey Lang

Demand response is an important tool for utilities to manage load during peak periods. While the effects of demand response programs on peak load reductions are well studied and intuitive, assessments typically fail to recognize the potential for off-peak behavioral responses that may mitigate the total benefits of the program. Using smart meter consumption data on residential air conditioning units enrolled in a direct load control program, this paper examines changes in consumption prior to and after curtailment events. The results suggest substantial increases in off-peak consumption, which reduce energy, monetary, and environmental benefits of the program by over 40%.


Searching For The Determinants Of Climate Change Interest, Patrick Cavanagh, Corey Lang, Xinran Li, Haoran Miao, John David Ryder Oct 2014

Searching For The Determinants Of Climate Change Interest, Patrick Cavanagh, Corey Lang, Xinran Li, Haoran Miao, John David Ryder

Corey Lang

A meaningful CO2 mitigation policy is unlikely at the national level in the United States. What is currently happening and what is much more likely to occur in the future is city and regional level efforts of mitigation and adaptation. This paper aims to understand the geographic and socioeconomic characteristics of metropolitan areas and regions that lead to engagement with the issue of climate change. We use geographically explicit, internet search data from Google to measure information seeking behavior, which we take to translate into engagement, attention and interest. Our spatial hotspot analysis creates a map that potentially could be …


Do Weather Fluctuations Cause People To Seek Information About Climate Change?, Corey Lang Jul 2014

Do Weather Fluctuations Cause People To Seek Information About Climate Change?, Corey Lang

Corey Lang

Learning about the causes and consequences of climate change can be an important avenue for supporting mitigation policy and efficient adaptation. This paper uses internet search activity data, a distinctly revealed preference approach, to examine if local weather fluctuations cause people to seek information about climate change. The results suggest that weather fluctuations do have an effect on climate change related search behavior, however not always in ways that are consistent with the projected impacts of climate change. While search activity increases with extreme heat in summer and extended periods of no rainfall and declines in extreme cold in winter, …


The Windy City: Property Value Impacts Of Wind Turbines In An Urban Setting, Corey Lang, James J. Opaluch Jun 2014

The Windy City: Property Value Impacts Of Wind Turbines In An Urban Setting, Corey Lang, James J. Opaluch

Corey Lang

This paper examines the impact of wind turbines on house values in Rhode Island. In contrast to wind farms surrounded by sparse development, in Rhode Island single turbines have been built in relatively high population dense areas. As a result, we observe 48,554 single-family, owner-occupied transactions within five miles of a turbine site, including 3,254 within one mile, which is far more than most related studies. We estimate hedonic difference-in-differences models that allow for impacts of wind turbines by proximity, viewshed, and contrast with surrounding development. Across a wide variety of specifications, the results suggest that wind turbines have no …


Engineering Estimates Versus Impact Evaluation Of Energy Efficiency Projects: Regression Discontinuity Evidence From A Case Study, Corey Lang, Matthew Siler Jul 2013

Engineering Estimates Versus Impact Evaluation Of Energy Efficiency Projects: Regression Discontinuity Evidence From A Case Study, Corey Lang, Matthew Siler

Corey Lang

Energy efficiency upgrades have been gaining widespread attention across global channels as a cost-effective approach to addressing energy challenges. The cost-effectiveness of these projects is generally predicted using engineering estimates pre-implementation, often with little ex post analysis of project success. In this paper, for a suite of energy efficiency projects, we directly compare ex ante engineering estimates of energy savings to ex post econometric estimates that use 15-minute interval, building-level energy consumption data. In contrast to most prior literature, our econometric results confirm the engineering estimates, even suggesting the engineering estimates were too modest. Further, we find heterogeneous efficiency impacts …


The Dynamics Of House Price Capitalization And Locational Sorting: Evidence From Air Quality Changes, Corey Lang Dec 2012

The Dynamics Of House Price Capitalization And Locational Sorting: Evidence From Air Quality Changes, Corey Lang

Corey Lang

No abstract provided.


Heterogeneous Transport Costs And Spatial Sorting In A Model Of New Economic Geography, Corey Lang Oct 2012

Heterogeneous Transport Costs And Spatial Sorting In A Model Of New Economic Geography, Corey Lang

Corey Lang

Transportation costs are of central importance in the New Economic Geography literature, though assumptions about transportation costs continue to be simplistic. This paper begins to address these simplifications by assuming that transportation costs for manufactured goods are heterogeneous. Basic results are consistent with standard models showing dispersion of economic activity for high transport costs and eventual agglomeration as transport costs decline. However, several novel features arise too. Many unstable, dispersed equilibria exist for high average transport costs, but converge to a stable equilibrium path as transport costs decrease. Equilibrium paths smoothly transition from dispersion to agglomeration and do so at …


Targeting Maps: An Asset-Based Approach To Geographic Targeting, Corey Lang, Christopher B. Barrett, Felix Naschold Sep 2012

Targeting Maps: An Asset-Based Approach To Geographic Targeting, Corey Lang, Christopher B. Barrett, Felix Naschold

Corey Lang

Proper targeting of policy interventions requires reasonable estimates of the benefits of the alternative options. To inform such decisions, we develop an integrated approach stemming from the small-area estimation literature that estimates the marginal returns to a range of assets across geographically defined subpopulations. We create a series of maps that can be overlaid with traditional poverty maps to identify strong candidate areas for intervention, though an efficiency/equity tradeoff sometimes exists. We apply our method using recent Ugandan data. Results are consistent with independent empirical findings and suggest asset specific transfer schemes would improve with a spatially targeted strategy.