Altruism and the Simple Argument for Markets
Environmental co-benefits of health policies to reduce meat consumption: A narrative review
Global meat consumption has risen steadily in recent decades, with heterogeneous growth rates across regions. While meat plays a critical role in providing essential nutrients for human health, excessive consumption of meat, particularly red and processed meat, has also been associated with a higher risk of certain chronic diseases. This has led pu...
The hidden toll of the pandemic: Excess mortality in non-COVID-19 hospital patients.
Seasonal infectious diseases can cause demand and supply pressures that reduce the ability of healthcare systems to provide high-quality care. This may generate negative spillover effects on the health outcomes of patients seeking medical help for unrelated reasons. Separating these indirect burdens from the direct consequences for infected patient...
Abundance, Generosity, and the State / Abundance, Generosity, and the State: An Inquiry into Economic Principles
Human action is usually driven by the desire to obtain more for less, and, ideally something for nothing. This has sometimes been called the economic principle. The wish to “get free stuff” pervades all times and places, all sectors of the economy, all ages, and all social backgrounds. The very selfishness for which the market economy is often chid...
Mobility externalities and sustainable urban development : the case of Shared Automated Vehicles
Cities are central hubs of activity, but their growing populations amplify concerns regarding environmental sustainability, resource management, and equitable access to mobility. To address these challenges, there needs to be a paradigm shift in urban transportation.Emerging innovations in smart mobility, specifically electric Shared Automated Vehi...
Commercial wind turbines and residential home values: New evidence from the universe of land-based wind projects in the ...
We examine the impact of proximity to land-based commercial wind turbines on residential home values in the United States using data on the universe of commercial wind turbines and residential property transactions from 2005 to 2020. Using event study and difference-in-differences identification strategies we find that, on average, homes located wi...
Is a fiscal union optimal for a monetary union?
When is a fiscal union appropriate for a monetary union? In a monetary union without fiscal externalities, when local fiscal authorities have an informational advantage over a central fiscal authority in terms of their knowledge of countries’ preferences for government spending, a decentralized fiscal regime dominates a centralized one. Our novel r...
Essays on Taxation, Externalities, and Poverty Traps
This thesis consists of three self-contained essays. Essay I characterizes the optimal mix of linear commodity taxation and non-linear income taxation in a dynamic economy where consumption gives rise to positional and environmental externalities. Both externalities are modeled as stock-externalities by reflecting people's present and past consumpt...
Efficiency and equity in a socially-embedded economy
A model that only focuses on economic relations, and in which efficiency and equity are defined in terms of resource allocation may miss an important part of the picture. We propose a canonical extension of the standard general equilibrium model that embeds economic activities in a larger game of social interactions. Such a model combines general e...
Beyond Pigou: externalities and civil society in the supply–demand framework
Published in Public Choice
The extent of voluntary cooperation in the presence of externalities is shown as an equilibrium outcome in the supply and demand framework. The analysis uses familiar ingredients to provide a new way of understanding the results of the extensive literature beginning with Buchanan, Coase, Ostrom, Shapley, Telser, Tullock, and Williamson showing that...
