C Fu, J Gregory - 2016 - cowles.yale.edu

Estimation of an equilibrium model with externalities: Combining the strengths of structural models and quasi-experiments.

quasi-experiments

Fu, Gregory

GSID: 2nbClnclxQwJ

Excerpt

We study the optimal design of subsidies in an equilibrium setting, where the decisions of individual recipients impose externalities on one another. We apply the model to the case of post-Katrina rebuilding in New Orleans under the Louisiana Road Home rebuilding grant …

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