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Consumer Preference for Car Sharing and the Role of Car Plate Lottery Policy: A Stated Preference Experiment in Beijing 消费者共享汽车偏好与车牌摇号政策的作用:北京地区的陈述偏好实验
Pub Date : 2021-08-01 DOI: 10.2139/ssrn.3324521
Lixian Qian, Z. Pang, Didier Soopramanien
Car sharing is promoted as a prominent alternative to private cars, and is therefore seemed as a sustainable innovation for urban mobility. Many policy makers introduced various incentives to facilitate the development of car sharing services as a complement to other public policies to contain the growth of car ownership. In this paper, we use a stated preference experiment to study consumer preferences for car sharing in transport ecosystem, considering a wide range of mobility modes and accounting for a regulatory policy of car plate lottery that aims to limit car ownership in Beijing. Based on a nested logit model, we identify a hierarchical structure of mobility mode choice, where bus and underground fall in the same nest of “public transit”, while car-sharing, private car and taxi are independent alternatives. We find that, in addition to the mobility cost, service accessibility and mobility speed are key attributes for consumers to choose car sharing. More importantly, we find that consumers who are participating in the car plate lottery would be more likely to choose car sharing, which implies that car sharing and the car plate lottery policy are indeed complementary. However, the introduction of car sharing can also lead to an unintended consequence of higher total car usage by attracting more public transit users who did not intend to buy cars to drive cars. Therefore, our study provides new insights into not only the marketing and operation strategies of car sharing service, but also the role of public policies in shaping the consumer preferences for car sharing.
汽车共享被推广为私家车的重要替代方案,因此被视为城市交通的可持续创新。许多政策制定者推出了各种激励措施,以促进汽车共享服务的发展,作为其他公共政策的补充,以遏制汽车保有量的增长。在本文中,我们使用陈述偏好实验来研究交通生态系统中消费者对汽车共享的偏好,考虑了广泛的出行方式,并考虑了北京旨在限制汽车保有量的车牌摇号监管政策。基于一个嵌套的logit模型,我们确定了出行方式选择的层次结构,其中公交和地铁属于同一“公共交通”的巢,而汽车共享、私家车和出租车是独立的选择。我们发现,除了出行成本之外,服务可及性和出行速度是消费者选择汽车共享的关键属性。更重要的是,我们发现参与车牌摇号的消费者更倾向于选择汽车共享,这意味着汽车共享与车牌摇号政策确实是互补的。然而,汽车共享的引入也可能导致一个意想不到的后果,即汽车总使用量的增加,因为它吸引了更多不打算买车来开车的公共交通用户。因此,我们的研究不仅为汽车共享服务的营销和运营策略提供了新的见解,而且还为公共政策在塑造消费者汽车共享偏好中的作用提供了新的见解。
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引用次数: 0
Interpersonal Comparisons of What? 什么人际比较?
Pub Date : 2021-03-29 DOI: 10.2139/ssrn.3583166
Jean Baccelli
I examine the once popular claim according to which interpersonal comparisons of welfare are necessary for social choice. I side with current social choice theorists in emphasizing that, on a narrow construal, this necessity claim is refuted beyond appeal. However, I depart from the opinion presently prevailing in social choice theory in highlighting that on a broader construal, this claim proves not only compatible with, but even comforted by, the current state of the field. I submit that all in all, the most accurate philosophical assessment consists not in flatly rejecting this necessity claim, but in accepting it in a suitably revised form.
我考察了一度流行的观点,即人际间的福利比较对于社会选择是必要的。我站在当前社会选择理论家的一边,强调在一个狭义的解释上,这种必然性主张是无可辩驳的。然而,我与目前在社会选择理论中盛行的观点不同,我强调,从更广泛的解释来看,这一主张不仅与该领域的现状相一致,而且甚至得到了安慰。总而言之,我认为最准确的哲学评价不在于断然拒绝这种必然性主张,而在于以适当修正的形式接受它。
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引用次数: 0
The Role of Informal Housing in Lowering China’s Urbanization Costs 非正式住房在降低中国城市化成本中的作用
Pub Date : 2020-11-08 DOI: 10.2139/ssrn.3726861
D. Niu, Weizeng Sun, Siqi Zheng
Abstract Over the past 30 years, China has experienced unprecedented economic growth spurred by large-scale rural-urban migration, industrialization, and strong global demand for its cheaply produced goods. This paper argues that an abundant supply of informal housing helped accommodate huge migrant inflows and contain labor costs. By constructing a unique proxy for city-level informal housing supply elasticity, we examine the linkages between urban housing markets and labor markets (migration flows and wages), with a focus on the low-skilled migrants who are most likely to live in informal housing. We find greater migration inflows in cities with more elastic housing supplies, in both informal and formal sectors. We show that the supply elasticity proxy for informal housing matters more for low-skilled migrants (those with a high school education or less), and that formal housing supply conditions matter more for high-skilled migrants (those who have a college degree or more education). In cities with higher housing supply elasticity, GDP rises more, and wages rise less, as labor demand increases. The findings provide a better understanding of the important role the informal housing sector has played in facilitating the low-cost urbanization and industrialization of China.
在过去的30年里,由于大规模的城乡人口迁移、工业化以及全球对中国廉价产品的强劲需求,中国经历了前所未有的经济增长。本文认为,充足的非正规住房供应有助于容纳大量的移民流入,并控制劳动力成本。通过构建城市层面非正规住房供应弹性的独特代理,我们研究了城市住房市场与劳动力市场(移民流动和工资)之间的联系,重点关注最有可能居住在非正规住房中的低技能移民。我们发现,在非正规和正规部门,更多的移民流入住房供应更具弹性的城市。我们的研究表明,非正式住房的供应弹性指标对低技术移民(高中或以下学历)更为重要,而正式住房供应条件对高技术移民(大学学历或以上学历)更为重要。在住房供应弹性较高的城市,随着劳动力需求的增加,GDP增长更多,工资增长更少。这些发现有助于更好地理解非正规住房部门在促进中国低成本城市化和工业化方面所发挥的重要作用。
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引用次数: 8
Social Finance 社会融资
Pub Date : 2020-10-01 DOI: 10.3386/w27973
Theresa Kuchler, J. Stroebel
We review an empirical literature that studies the role of social interactions in driving economic and financial decision-making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This evidence shows, for example, that there are large peer effects in mortgage refinancing decisions and that individuals’ beliefs about the attractiveness of housing market investments are affected by the recent house price experiences of their friends. We also summarize recent work showing that social interactions affect the stock market investments of both retail and professional investors as well as household financial decisions such as retirement savings, borrowing, and default. Along the way, we describe a number of easily accessible recent data sets for the study of social interactions in finance, including the Social Connectedness Index, which measures the frequency of Facebook friendship links across geographies. We conclude by outlining several promising directions for further research in the field of social finance. Expected final online publication date for the Annual Review of Financial Economics, Volume 13 is March 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.
我们回顾了研究社会互动在推动经济和金融决策中的作用的实证文献。我们首先总结了最近的工作,记录了社会互动在解释住房和抵押贷款市场中的家庭决策中的重要作用。例如,这些证据表明,在抵押贷款再融资决策中存在很大的同伴效应,个人对住房市场投资吸引力的信念受到其朋友最近的房价经历的影响。我们还总结了最近的研究表明,社会互动影响散户和专业投资者的股票市场投资,以及家庭财务决策,如退休储蓄、借款和违约。在此过程中,我们描述了一些易于获取的最新数据集,用于研究金融领域的社交互动,包括社交联系指数(social Connectedness Index),该指数衡量Facebook在不同地区的友谊链接频率。最后,我们概述了社会金融领域进一步研究的几个有希望的方向。《金融经济学年度评论》第13卷的最终在线出版日期预计为2021年3月。修订后的估计数请参阅http://www.annualreviews.org/page/journal/pubdates。
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引用次数: 7
Politics of Cultural Commons: A Case Study of Sacred Groves in Central Kerala 文化公地政治:喀拉拉邦中部圣林的个案研究
Pub Date : 2020-09-29 DOI: 10.20896/SACI.VI0.774
Vinay Sankar
Sacred groves or sacred natural sites (SNS) are defined areas of land and bodies of water with considerable socio-cultural and ecological value. This study attempts to analyse SNS using the framework of commons or common-pool resources and understand the implications regarding the access to and ecological sustainability of these sacred spaces. A set of ten groves from an inventory of sacred groves reported by the Institute of Foresters Kerala were chosen using purposive sampling to cover various types of custodianship and communities in the district of Thrissur. This district houses the most famous sacred grove in Kerala and is known for consecrating sacred groves and expunging spirits. A field survey employing an observation schedule and semi-structured interviews were undertaken focusing on the biophysical, socio-cultural, and institutional aspects of the SNS. Understanding the relationship between grove ecosystems and stakeholder communities was the objective of the study. The management of SNS in the study sites does not show much evidence of collective action. There is a tendency of SNS to become 'club goods' over a period of time. Regardless of types of custodianship, SNS exhibit properties of common-pool resources from an ecological point of view. Even when customarily managed along caste lines, access was not physically restricted. Recent constructions of concrete boundaries around SNS, conversion of groves to temples, and increasing intensity and frequency of rituals have changed the socio-cultural and ecological character of these spaces. The study shows that the perspective of the commons is inadequate to capture the underlying power dynamics of institutions of SNS. Understanding the transformation of SNS from being 'open' and inclusive to closed and elitist temple spaces need a different language of political ecology.
神圣的树林或神圣的自然遗址(SNS)是被定义的具有相当社会文化和生态价值的土地和水体区域。本研究试图利用公共资源或公共池资源的框架来分析SNS,并了解这些神圣空间的获取和生态可持续性的影响。从喀拉拉邦林业研究所报告的神圣树林清单中选择了一组10个树林,使用有目的的抽样方法,以覆盖Thrissur地区的各种类型的监护和社区。这个地区拥有喀拉拉邦最著名的圣林,以供奉圣林和消灭神灵而闻名。采用观察时间表和半结构化访谈进行实地调查,重点关注社交网络的生物物理、社会文化和制度方面。了解森林生态系统和利益相关者社区之间的关系是研究的目的。研究站点的社交网络管理没有显示出太多集体行动的证据。在一段时间内,社交网络有成为“俱乐部商品”的趋势。从生态学的角度来看,无论哪种类型的托管,SNS都表现出公共池资源的特性。即使在按种姓界线管理的地方,出入也不受实际限制。最近围绕SNS的混凝土边界的建设,小树林向寺庙的转变,以及仪式的强度和频率的增加,改变了这些空间的社会文化和生态特征。研究表明,公地视角不足以捕捉SNS机构潜在的权力动态。理解SNS从“开放”、包容到封闭、精英化的寺庙空间的转变,需要一种不同的政治生态语言。
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引用次数: 1
Stable Agreements through Liability Rules: A Multi-Choice Games Approach to the Social Cost Problem 责任规则下的稳定协议:社会成本问题的多选择博弈方法
Pub Date : 2020-09-15 DOI: 10.2139/ssrn.3693055
Kevin Techer
Abstract We consider a class of social cost problems in which one polluter interacts with an arbitrary number of potential victims. Agents are supposed to cooperate and negotiate an optimal pollution level together with monetary transfers. We examine multi-choice cooperative games associated with a social cost problem and an assignment (or mapping) of rights. We introduce a class of mappings of rights that takes into account the pollution intensity and we consider three properties on mappings of rights: core compatibility, Kaldor-Hicks core compatibility and no veto power for a victim. We show that there exist only two families of mappings of rights that satisfy core compatibility, while no mapping of rights satisfies Kaldor-Hicks core compatibility and no veto power for a victim.
我们考虑一类社会成本问题,其中一个污染者与任意数量的潜在受害者相互作用。代理人应该合作并协商最佳污染水平以及货币转移。我们研究了与社会成本问题和权利分配(或映射)相关的多选择合作游戏。我们引入了一类考虑污染强度的权利映射,并考虑了权利映射的三个属性:核心兼容性、卡尔多-希克斯核心兼容性和受害者无否决权。我们证明了只有两种权利映射族满足核心兼容性,而没有权利映射族满足Kaldor-Hicks核心兼容性,也没有对受害者的否决权。
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引用次数: 2
Building Energy Retrofit Hurdle Rates and Risk Arbitrage in Energy Efficiency Investments 节能投资中的建筑节能改造门槛率和风险套利
Pub Date : 2020-08-15 DOI: 10.2139/ssrn.3674539
Yuan Lai, Sokratis Papadopoulos, F. Fuerst, G. Pivo, Jacob S. Sagi, Constantine E. Kontokosta
Despite extensive empirical evidence of the economic and financial benefits of green buildings, energy retrofit investments in existing buildings have not reached widespread adoption.This paper empirically estimate returns to energy retrofit investments for multifamily and commercial buildings in New York City, using a novel database of actual audit report recommendations and permitted renovation work extracted using natural language processing. By modeling the estimated rate of return for energy retrofit investments, we generate a more comprehensive understanding of the perceived risk of these investments and the market and regulatory mechanisms that can overcome financial and informational barriers to investment in energy conservation measures (ECMs). Based on auditor costs and savings estimates, the median internal rate of return (IRR) for adopted ECMs is found to be 21% for multifamily buildings and 25% for office properties. Adoption rates are higher for office buildings than multifamily, and in both cases adopter buildings tend to be larger, higher value, and less efficient at the time of implementation. The economically significant magnitudes of returns to adopted ECMs raise important questions about why many property owners choose not to adopt. As such, we discuss incentive and regulatory mechanisms that can overcome financial and informational barriers to the adoption of energy efficiency measures.
尽管有大量的经验证据表明绿色建筑的经济和财政效益,但对现有建筑的能源改造投资尚未得到广泛采用。本文使用一个新颖的数据库,使用自然语言处理提取的实际审计报告建议和允许的翻新工作,对纽约市多户住宅和商业建筑的能源改造投资回报进行了实证估计。通过对能源改造投资的估计回报率进行建模,我们对这些投资的感知风险以及能够克服节能措施投资的财务和信息障碍的市场和监管机制有了更全面的了解。根据审计师的成本和节约估算,采用ecm的内部收益率(IRR)中位数在多户建筑中为21%,在办公物业中为25%。办公楼的采用率比多户住宅高,在这两种情况下,采用率往往更大,价值更高,但在实现时效率更低。采用ecm的巨大经济回报提出了一个重要问题:为什么许多业主选择不采用ecm ?因此,我们将讨论激励和监管机制,以克服采用能效措施的财务和信息障碍。
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引用次数: 0
Circular Business Models: A Review 循环商业模式:综述
Pub Date : 2020-08-11 DOI: 10.1016/j.jclepro.2020.123741
Martin Geissdoerfer, M. Pieroni, D. Pigosso, K. Soufani
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引用次数: 269
The Economics of a Targeted Economic Development Subsidy 定向经济发展补贴的经济学
Pub Date : 2020-01-07 DOI: 10.2139/ssrn.3515377
M. Mitchell, Michael D. Farren, Jeremy Horpedahl, O. Gonzalez
In an effort to spur economic growth and to burnish their job-creation bona fides, policymakers at the federal, state, and local levels often dispense targeted economic development subsidies. These selective incentives include targeted tax relief, targeted regulatory relief, cash subsidies, and in-kind donations of land and other valuable goods and services. The weight of economic theory suggests that these subsidies do not work and may even depress economic activity. In this paper, we review the economic case for and against targeted economic development subsidies, using Wisconsin’s $1.2 billion to $3.6 billion subsidy to Foxconn to illustrate these points. We show that under realistic scenarios the subsidy may depress state economic activity by tens of billions of dollars over the next 15 years.
为了刺激经济增长和提高他们创造就业的诚意,联邦、州和地方各级的决策者经常发放有针对性的经济发展补贴。这些选择性激励措施包括有针对性的税收减免、有针对性的监管减免、现金补贴以及土地和其他有价值的商品和服务的实物捐赠。经济理论的分量表明,这些补贴不起作用,甚至可能抑制经济活动。在本文中,我们回顾了支持和反对定向经济发展补贴的经济案例,并使用威斯康星州对富士康的12亿至36亿美元补贴来说明这些观点。我们表明,在现实情况下,补贴可能会在未来15年内抑制数百亿美元的国家经济活动。
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引用次数: 4
Bad Economic Justifications for Minimum Wage Hikes 提高最低工资的糟糕经济理由
Pub Date : 2019-06-20 DOI: 10.1163/2210-7975_hrd-9985-20190008
R. Bourne
What is the economic case for increasing the federal minimum wage?

To even posit that question sounds odd. Proponents of a higher minimum wage claim that the policy change could alleviate all sorts of economic and social ills. But it's worth assessing, from first principles, the economic arguments advanced for how the minimum wage level should be set.
提高联邦最低工资的经济理由是什么?甚至连提出这个问题都听起来很奇怪。提高最低工资的支持者声称,这一政策变化可以缓解各种经济和社会弊病。但是,从基本原则出发,对如何设定最低工资水平的经济论证进行评估是值得的。
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引用次数: 0
期刊
SRPN: Social Economics (Topic)
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