The unchanging geographical distribution of housing tax benefits: 1980 to 2000
In: NBER working paper series 10322
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In: NBER working paper series 10322
In: NBER working paper series 10028
In: NBER working paper series 8709
In: NBER working paper series 7893
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In: American economic review, Band 98, Heft 2, S. 84-89
ISSN: 1944-7981
In: American economic review, Band 93, Heft 4, S. 1194-1215
ISSN: 1944-7981
We examine two factors that explain air traffic congestion: network benefits due to hubbing and congestion externalities. While both factors impact congestion, we find that the hubbing effect dominates empirically. Hub carriers incur most of the additional travel time from hubbing, primarily because they cluster their flights in short time spans to provide passengers as many potential connections as possible with a minimum of waiting time. Non-hub flights at the same hub airports operate with minimal additional travel time. These results suggest that an optimal congestion tax might have a relatively small impact on flight patterns at hub airports.
In: NBER Working Paper No. w10322
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In: NBER Working Paper No. w10028
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In: NBER Working Paper No. w8709
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In: NBER Working Paper No. w8165
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In: NBER Working Paper No. w7893
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In: National Bureau of Economic Research conference report
"Conventional wisdom held that housing prices couldn't fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability."--Provided by publisher.
In: NBER Working Paper No. w15462
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In: NBER Working Paper No. w14253
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