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題名 Protections from Natural Disasters as Local Public Goods
作者 潘振宇
Pan, Chen‐Yu
貢獻者 國貿系
日期 2020-11
上傳時間 25-May-2021 14:11:26 (UTC+8)
摘要 We investigate a two-location local public goods economy in which agents choose their residential location and are faced with location-specific disaster risks. The majority of residents determine the amount of local public protection financed by local income tax. We assume constant relative risk aversion utility functions with basic housing consumption and show that the equilibrium allocation is sorted. When disaster risks in a location increase, population and housing prices decrease while tax rates increase, but the opposite occurs in the other one. Moreover, we evaluate policy tools, including federal aid and the inter-jurisdiction transfer. We find that in-kind transfers harm the poor in the riskier location by increasing housing prices, whereas the money transfer can be beneficial.
關聯 Regional Science and Urban Economics, 85, 103592
資料類型 article
DOI https://doi.org/10.1016/j.regsciurbeco.2020.103592
dc.contributor 國貿系
dc.creator (作者) 潘振宇
dc.creator (作者) Pan, Chen‐Yu
dc.date (日期) 2020-11
dc.date.accessioned 25-May-2021 14:11:26 (UTC+8)-
dc.date.available 25-May-2021 14:11:26 (UTC+8)-
dc.date.issued (上傳時間) 25-May-2021 14:11:26 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/135129-
dc.description.abstract (摘要) We investigate a two-location local public goods economy in which agents choose their residential location and are faced with location-specific disaster risks. The majority of residents determine the amount of local public protection financed by local income tax. We assume constant relative risk aversion utility functions with basic housing consumption and show that the equilibrium allocation is sorted. When disaster risks in a location increase, population and housing prices decrease while tax rates increase, but the opposite occurs in the other one. Moreover, we evaluate policy tools, including federal aid and the inter-jurisdiction transfer. We find that in-kind transfers harm the poor in the riskier location by increasing housing prices, whereas the money transfer can be beneficial.
dc.format.extent 1474281 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Regional Science and Urban Economics, 85, 103592
dc.title (題名) Protections from Natural Disasters as Local Public Goods
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/j.regsciurbeco.2020.103592
dc.doi.uri (DOI) https://doi.org/10.1016/j.regsciurbeco.2020.103592