Related papers: Regulation and Frontier Housing Supply
Rules of origin (ROO) are pivotal element of the Greater Arab Free Trade Area (GAFTA). ROO are basically established to ensure that only eligible products receive preferential tariff treatment. Taking into consideration the profound…
Low-carbon societies will need to store vast amounts of electricity to balance intermittent generation from wind and solar energy, for example, through frequency regulation. Here, we derive an analytical solution to the decision-making…
We consider Merton's problem with proportional transaction costs. It is well known that the optimal investment strategy is characterized by two trading boundaries, the buy boundary and the sell boundary, between which lies the no-trading…
Electric vehicle charging facilities offer electric charge and parking to users for a fee. Both parking availability and electric charge capacity are constrained resources, and as the demand for charging facilities grows with increasing…
Energy-poor households often compromise their thermal comfort and refrain from operating mechanical cooling devices to avoid high electricity bills. This is compounded by certain behavioral practices like retention of older, less efficient…
We propose a model for a market which structure is of the tree form. Each branch of the tree is composed by identical firms, its root (the branch of the first level) is formed by the firms producing raw material, and the branches of the…
AI-powered scarce resource allocation policies rely on predictions to target either specific individuals (e.g., high-risk) or settings (e.g., neighborhoods). Recent research on individual-level targeting demonstrates conflicting results;…
How do cost shocks pass through to prices in markets with price dispersion? We decompose the problem into two layers. In the competition layer, consumers' consideration sets determine equilibrium distributions of normalized margins. In the…
This paper addresses the problem of testing for persistence in the effects of the shocks affecting the prices of renewable commodities, which have potential implications on stabilization policies and economic forecasting, among other areas.…
Most research on regression discontinuity designs (RDDs) has focused on univariate cases, where only those units with a "forcing" variable on one side of a threshold value receive a treatment. Geographical regression discontinuity designs…
I present an overview of some recent advancements on the empirical analysis and theoretical modeling of the process of price formation in financial markets as the result of the arrival of orders in a limit order book exchange. After…
Segregation is a growing concern around the world. One of its main manifestations is the creation of ghettos, whose inhabitants have difficult access to well-paid jobs, which are often located far from their homes. In order to study this…
Some consumers, particularly households, are unwilling to face volatile electricity prices, and they can perceive as unfair price differentiation in the same local area. For these reasons, nodal prices in distribution networks are rarely…
Australian house prices have risen strongly since the mid-1990s, but growth has been highly uneven across regions. Raw growth figures obscure whether these differences reflect persistent structural trends or cyclical fluctuations. We…
The United States has long pursued regulations that aim to reduce fossil fuel use. However, while potential emission reduction motivates the introduction and enforcement of these regulations, realization of this potential does not obfuscate…
Fiber to the Home (FTTH) describes a set of emerging technologies with the potential to affect competition in local access. On one hand, the high cost of deploying fiber to the residence suggests limitations on facilities-based competition…
Housing markets play a crucial role in economies and the collapse of a real-estate bubble usually destabilizes the financial system and causes economic recessions. We investigate the systemic risk and spatiotemporal dynamics of the US…
Automation raises productivity and reduces paid human labor, but it also reallocates income and ownership claims. This paper studies that tradeoff in a static benchmark and in a stationary heterogeneous-agent general equilibrium. Firms…
Immigrant residential segregation can profoundly shape access to opportunities, immigrant integration, and inter-group relations. Yet we lack systematic evidence on how segregation varies across Europe, and what structural factors are…
Optimal control is an essential tool for stabilizing complex nonlinear systems. However, despite the extensive impacts of methods such as receding horizon control, dynamic programming and reinforcement learning, the design of cost functions…