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Full-Text Articles in Economics
Sports Arenas, Teams And Property Values: Temporary And Permanent Shocks To Local Amenity Flows, Yulia Chikish, Brad Humphreys, Adam Nowak
Sports Arenas, Teams And Property Values: Temporary And Permanent Shocks To Local Amenity Flows, Yulia Chikish, Brad Humphreys, Adam Nowak
Economics Faculty Working Papers Series
Professional sports facilities and teams generate local amenity flows in cities that may affect property values. Previous research shows evidence of important positive and negative local amenity flows based on case studies of changes in residential property values in specific cities. We analyze changes in residential property values in Oklahoma City over a period, 2000 to 2016, where both temporary and permanent exogenous shocks to local sports-related amenities occurred. Results from hedonic price models and repeat sales regression models show that nearby residential property prices increased after the opening of a new arena and the arrival of a new, permanent …
Rent-Seeking In The Classroom And Textbooks: Where Are We After 50 Years, Joshua C. Hall, Josh Matti, Yang Zhou
Rent-Seeking In The Classroom And Textbooks: Where Are We After 50 Years, Joshua C. Hall, Josh Matti, Yang Zhou
Economics Faculty Working Papers Series
No abstract provided.
Towards A Rule-Based Model Of Human Choice: On The Nature Of Homo Constitutionalus, Roger Congleton
Towards A Rule-Based Model Of Human Choice: On The Nature Of Homo Constitutionalus, Roger Congleton
Economics Faculty Working Papers Series
Anglo-American jurisprudence emphasizes the rule of reason; it grossly neglects the reason of rules. We play socioeconomic-legal-political games that can be described empirically only by their rules. But most of us play without an understanding or ap-preciation of the rules, how they came into being, how they are enforced, how they can be changed, and most important, how they can be normatively evaluated. (Bren-nan and Buchanan, 1985, preface).
A Test Of The Institutionally Induced Equilibrium Hypothesis: On The Limited Fiscal Impact Of Two Celebrity Governors, Roger D. Congleton, Yang Zhou
A Test Of The Institutionally Induced Equilibrium Hypothesis: On The Limited Fiscal Impact Of Two Celebrity Governors, Roger D. Congleton, Yang Zhou
Economics Faculty Working Papers Series
We test for the stabilizing effects of political institutions on fiscal policies by examining the impact of two unlikely governors on their state’s fiscal policies. Fiscal policies are joint products of executive and legislative decisions. These institutional factors tend to moderate the effect of changes in the chief executive, as does partisan competition for office. Jesse Ventura of Minnesota’s and Arnold Schwarzenegger of California were unique—surprise—governors of their respective states. Although both governors were arguably less constrained by partisan loyalties than most others, the other institutional factors would still tend to limit their impact on public policy. Our evidence suggests …