Robustness Checks

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Table of contents

1 This Town Ain’t Big Enough? Quantifying Public Good Spillovers 
1.1 Introduction
1.2 Institutional Background
1.3 Theoretical Model
1.3.1 Preferences
1.3.2 Conditional Housing Demand
1.3.3 Demand for Jurisdictions
1.3.4 Housing Supply
1.3.5 Labor Demand
1.3.6 Public Good Supply
1.3.7 Equilibrium
1.3.8 Residential Amenities
1.4 Data
1.5 Reduced-Form Evidence
1.5.1 DiD Framework
1.5.2 Results
1.5.3 Robustness Checks
1.6 Structural Estimation
1.6.1 Generalized Method of Moments
1.6.2 Non-Parametric Evidence
1.6.3 Moment Conditions
1.6.4 Estimation Results
1.7 Welfare Implications
1.8 Conclusion
2 Optimal Spatial Policies with Public Goods and Unobserved Location Preferences 
2.1 Introduction
2.2 Data
2.3 Stylized Facts on Public Good Agglomeration Economies
2.3.1 Raw Patterns
2.3.2 Descriptive Regressions
2.3.3 Preliminary Comments on Welfare
2.4 Economic Geography Model with Local Public Goods
2.4.1 Central Government
2.4.2 Demand for Cities
2.4.3 Demand for Private Goods
2.4.4 Supply and Ownership
2.4.5 Demand for Public Goods and Tax Competition
2.4.6 Equilibrium
2.5 Optimal Policies
2.5.1 Intuition in a Two-Region Example
2.5.2 Efficient Allocations
2.5.3 Optimal Transfers
2.5.4 An Efficiency Test
2.5.5 Efficiency of Observed Transfers
2.6 Equity and Density
2.6.1 Compensation and Responsibility
2.6.2 Revealed Social Preferences
2.7 Conclusion
3 The Deadweight Loss of Property Transaction Taxes 
3.1 Introduction
3.2 Institutional Background and Data
3.2.1 French Administrative Geography
3.2.2 The French Stamp Duty
3.2.3 The 2014 Stamp Duty Reform
3.2.4 Data and Descriptive Evidence
3.3 Bunching
3.3.1 Bunching at the Time Notch
3.3.2 Bunching at the Border Notch
3.4 Extensive Responses
3.4.1 Treatment, Control and Spillovers
3.4.2 A Synthetic Control Approach
3.4.3 Average Effect on Number of Transactions
3.4.4 Average Effect on Prices and Quality
3.4.5 Statistical Inference
3.4.6 Public Spending
3.5 A Simple Search Model
3.5.1 Model
3.5.2 Welfare
3.6 Conclusion