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Now showing items 1-10 of 17
Homeownership and Housing Transitions: Explaining the Demographic Composition
(Private Enterprise Research Center, Texas A&M University, 2019-06-03)
The homeownership rate was relatively stable for the few decades preceding 1995, followed by a large increase between 1995-2005 and a subsequent decline over the next ten years. Authors Eunseong Ma and Sarah Zubairy document ...
Optimality of Winner-Take-All Contests: The Role of Attitudes Toward Risk
(Private Enterprise Research Center, Texas A&M University, 2019-12-16)
It has been established in the literature that, under the assumption of risk-neutral contestants, it is usually optimal for an effort maximizing contest organizer with a fixed prize budget to award everything to a single ...
Schools, Neighborhoods, and the Long-Run Effect of Crime-Prone Peers
(Private Enterprise Research Center, Texas A&M University, 2019-08-20)
There is a large and growing literature on how childhood peers shape outcomes. However, within this literature little is known about the effects of the different neighborhood factors, such as the relative importance of ...
Inter-Jurisdiction Migration and the Fiscal Policies of Local Governments
(Private Enterprise Research Center, Texas A&M University, 2019-02-04)
In this paper, authors Darong Dai, Dennis W. Jansen and Liqun Liu analyze the effects of migration on the fiscal policies of local governments. Because of the possibility of migrating to another jurisdiction later in life, ...
The Impact of Election Fraud on Government Performance
(Private Enterprise Research Center, Texas A&M University, 2019-03-07)
Election fraud is considered pervasive throughout many countries, raising concerns it can facilitate corruption and inhibit economic growth by preventing voters from holding elected officials accountable. This paper examines ...
Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk
(Private Enterprise Research Center, Texas A&M University, 2019-02-06)
Is the old adage that states that the young take more risk than the old correct? In PERC Working Paper 1902, authors Liqun Liu, Andrew J. Rettenmaier and Thomas R. Saving investigate this conventional wisdom in the context ...
The Long Run Effects of De Jure Discrimination in the Credit Market: How Redlining Increased Crime
(Private Enterprise Research Center, Texas A&M University, 2019-08-20)
Today in the United States, the welfare costs of crime are disproportionately borne by individuals living in predominately African-American or Hispanic neighborhoods. This paper by author John Anders shows that redlining ...
From Fixed-event to Fixed-horizon Density Forecasts: Obtaining Measures of Multi-horizon Uncertainty from Survey Density Forecasts
(Private Enterprise Research Center, Texas A&M University, 2019-12-12)
Surveys of professional forecasters produce precise and timely point forecasts for key macroeconomic variables. However, the accompanying density forecasts are not as widely utilized, and there is no consensus about their ...
Effects of Mandatory Energy Efficiency Disclosure in Housing Markets
(Private Enterprise Research Center, Texas A&M University, 2019-11-22)
Mandatory disclosure policies are increasingly prevalent despite sparse evidence that they improve market outcomes. We study the effects of requiring home sellers to provide buyers with certified audits of residential ...
Optimal Regional Insurance Provision: Do Federal Transfers Complement Local Debt?
(Private Enterprise Research Center, Texas A&M University, 2019-11-01)
Intergovernmental grants implemented by the central government of a federal fiscal system are justified on the grounds that they internalize interregional spillovers generated by local public goods provision or ...