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| Publications of Christopher D. Timmins :chronological alphabetical combined listing:%% Journal Articles @article{fds370033, Author = {Gao, X and Song, R and Timmins, C}, Title = {Information, migration, and the value of clean air}, Journal = {Journal of Development Economics}, Volume = {163}, Year = {2023}, Month = {June}, url = {http://dx.doi.org/10.1016/j.jdeveco.2023.103079}, Abstract = {Using a variant of the Rosen-Roback model of inter-city migration that incorporates public access to air quality information, we demonstrate that information constraints create a wedge between revealed and true hedonic prices for pollution that depends upon individuals’ perception biases. We empirically test our theoretical predictions by leveraging the unexpected disclosure of PM2.5 data in China. We find that migration decisions become much more responsive to pollution and that the hedonic price of avoiding PM2.5 exposure nearly doubles – from 171 to 336 Chinese Yuan – in response to the information shock. Our results highlight the role of imperfect information in migration decisions and its impact on non-market valuation in countries where public access to information is restricted.}, Doi = {10.1016/j.jdeveco.2023.103079}, Key = {fds370033} } @article{fds364042, Author = {Christensen, P and Timmins, C}, Title = {Sorting or Steering: The Effects of Housing Discrimination on Neighborhood Choice}, Journal = {Journal of Political Economy}, Volume = {130}, Number = {8}, Pages = {2110-2163}, Year = {2022}, Month = {August}, url = {http://dx.doi.org/10.1086/720140}, Abstract = {Growing evidence indicates that neighborhoods affect human capital accumulation, raising concern that the exclusionary effects of housing discrimination could contribute to persistent inequality in the United States. Using data from HUD’s most recent Housing Discrimination Study and microlevel data on neighborhood attributes in 28 US cities, we find that minorities are steered toward neighborhoods with less economic opportunity and greater exposures to crime and pollution. Holding preferences and income constant, discriminatory steering alone can explain a disproportionate number of minority households found in high-poverty neighborhoods in the United States and the higher exposure of African American mothers to toxic pollutants.}, Doi = {10.1086/720140}, Key = {fds364042} } @article{fds363882, Author = {Timmins, C and Vissing, A}, Title = {Environmental justice and Coasian bargaining: The role of race, ethnicity, and income in lease negotiations for shale gas}, Journal = {Journal of Environmental Economics and Management}, Volume = {114}, Year = {2022}, Month = {July}, url = {http://dx.doi.org/10.1016/j.jeem.2022.102657}, Abstract = {Using a unique combination of datasets and estimation techniques, we test whether private lease negotiations to extract oil and natural gas exhibit features of Coasian efficiency. We demonstrate that measures of wealth (including income, house square footage, and land acreage), typically determinants of willingness to pay for environmental quality, do affect bargaining outcomes. However, race, ethnicity, and language also play important roles after conditioning upon these variables, suggesting an environmental injustice and a breakdown of efficient Coasian bargaining. We further demonstrate that failure to negotiate protections in leases leads to increased risk of future drilling violations, and that weak lease restrictions are not generally offset by strong local ordinance restrictions.}, Doi = {10.1016/j.jeem.2022.102657}, Key = {fds363882} } @article{fds364273, Author = {Christensen, P and Sarmiento-Barbieri, I and Timmins, C}, Title = {HOUSING DISCRIMINATION AND THE TOXICS EXPOSURE GAP IN THE UNITED STATES: EVIDENCE FROM THE RENTAL MARKET}, Journal = {The Review of Economics and Statistics}, Volume = {104}, Number = {4}, Pages = {807-818}, Year = {2022}, Month = {July}, url = {http://dx.doi.org/10.1162/rest_a_00992}, Abstract = {Local pollution exposures have a disproportionate impact on minority households, but the root causes remain unclear. This study conducts a correspondence experiment on a major online housing platform to test whether housing discrimination constrains minority access to housing options in markets with significant sources of airborne chemical toxics. We find that renters with African American or Hispanic/Latinx names are 41% less likely than renters with white names to receive responses for properties in low-exposure locations. We find no evidence of discriminatory constraints in high-exposure locations, indicating that discrimination increases relative access to housing choices at elevated exposure risk.}, Doi = {10.1162/rest_a_00992}, Key = {fds364273} } @article{fds361797, Author = {Monsour, M and Clarke-Rubright, E and Lieberman-Cribbin, W and Timmins, C and Taioli, E and Schwartz, RM and Corley, SS and Laucis, AM and Morey, RA}, Title = {The impact of climate change on the prevalence of mental illness symptoms.}, Journal = {J Affect Disord}, Volume = {300}, Pages = {430-440}, Year = {2022}, Month = {March}, url = {http://dx.doi.org/10.1016/j.jad.2021.12.124}, Abstract = {BACKGROUND: The repercussions of climate change threaten the population with an increased prevalence of extreme climate events. We explored the impact of climate change induced sea level rise (SLR) and tropical cyclone (TC) exposure on mental illness symptom prevalence. METHODS: Using three datasets, TC exposure scores were calculated for each subject to determine how exposure affects posttraumatic stress disorder (PTSD), anxiety, and major depressive disorder (MDD) symptom prevalence. Inundation mapping of various SLR and storm surge (SS) scenarios were performed for the susceptible region of Miami-Dade and Broward counties to determine the population impact of flooding. RESULTS: We found an elevated risk of mental illness symptoms from exposure to more high- intensity TCs and identified demographic variables that may contribute to this risk. Furthermore, inundation mapping demonstrated severe and widespread impact of SLR and SS on the mental health of communities. LIMITATIONS: This study did not include data directly measuring comorbidity, resilience, preparedness, or ability to adapt to climate change. Also, multiple imputation using chained equations may have been imperfect. Furthermore, there is uncertainty in predicting and mapping SLR and TC intensity, which limits complete confidence in our SS predictions. CONCLUSION: The impacts of climate change have been frequently studied in terms of physical health, natural disaster prevalence, and economic impacts, but rarely on mental health burden. However, it is vital that national, state, and local governments develop and deploy plans to address mental health needs along with expenditures for protecting infrastructure, the economy, and physical health from the combined effects of SLR and climate change-induced natural disasters.}, Doi = {10.1016/j.jad.2021.12.124}, Key = {fds361797} } @article{fds354994, Author = {Gibbons, S and Heblich, S and Timmins, C}, Title = {Market tremors: Shale gas exploration, earthquakes, and their impact on house prices}, Journal = {Journal of Urban Economics}, Volume = {122}, Year = {2021}, Month = {March}, url = {http://dx.doi.org/10.1016/j.jue.2020.103313}, Abstract = {Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks from hydraulic fracturing (‘fracking’). Although commercial development has not yet taken place in the UK, licenses for drilling were issued in 2008, signalling potential future development. This paper examines whether public fears about fracking affect house prices in areas that have been licensed for shale gas exploration. Our estimates suggest differentiated effects. Licensing did not affect house prices but fracking the first well in 2011, which caused two minor earthquakes, did. We find a 3.9–4.7 percent house price decrease in the area where the earthquakes occurred. The earthquakes were too minor to have caused any damage but we find the effect on prices extends to a radius of about 25 km served by local newspapers. This evidence suggests that the earthquakes and newspaper coverage increased awareness of exploration activity and fear of the local consequences.}, Doi = {10.1016/j.jue.2020.103313}, Key = {fds354994} } @article{fds360654, Author = {Bishop, KC and Kuminoff, NV and Banzhaf, HS and Boyle, KJ and von Gravenitz, K and Pope, JC and Smith, VK and Timmins, CD}, Title = {Best practices for using hedonic property value models to measure willingness to pay for environmental quality}, Journal = {Review of Environmental Economics and Policy}, Volume = {14}, Number = {2}, Pages = {260-281}, Year = {2020}, Month = {July}, url = {http://dx.doi.org/10.1093/reep/reaa001}, Doi = {10.1093/reep/reaa001}, Key = {fds360654} } @article{fds346743, Author = {Banzhaf, HS and Ma, L and Timmins, C}, Title = {Environmental Justice: Establishing Causal Relationships}, Journal = {Annual Review of Resource Economics}, Volume = {11}, Pages = {377-398}, Year = {2019}, Month = {October}, url = {http://dx.doi.org/10.1146/annurev-resource-100518-094131}, Abstract = {The environmental justice literature has found that the poor and people of color are disproportionately exposed to pollution. This literature has sparked a broad activist movement and several policy reforms in the United States and internationally. In this article, we review the literature documenting correlations between pollution and demographics and the history of the related movement, focusing on the United States. We then turn to the potential causal mechanisms behind the observed correlations. Given its focus on causal econometric models, we argue that economics has a comparative advantage in evaluating these mechanisms. We consider (a) profit-maximizing decisions by firms, (b) Tiebout-like utility-maximizing decisions by households in the presence of income disparities, (c) Coasean negotiations between both sides, (d) political economy explanations and governmental failures, and (e) intergenerational transmission of poverty. Proper identification of the causal mechanisms underlying observed disproportionate exposures is critical to the design of effective policy to remedy them.}, Doi = {10.1146/annurev-resource-100518-094131}, Key = {fds346743} } @article{fds342133, Author = {Freeman, R and Liang, W and Song, R and Timmins, C}, Title = {Willingness to pay for clean air in China}, Journal = {Journal of Environmental Economics and Management}, Volume = {94}, Pages = {188-216}, Year = {2019}, Month = {March}, url = {http://dx.doi.org/10.1016/j.jeem.2019.01.005}, Abstract = {We use a residential sorting model incorporating migration disutility to recover the implicit value of clean air in China. The model is estimated using China Population Census Data along with PM2.5 satellite data. Our study provides new evidence on the willingness to pay for air quality improvements in developing countries and is the first application of an equilibrium sorting model to the valuation of non-market amenities in China. We employ two instrumental variables based on coal-fired electricity generation and wind direction to address the endogeneity of local air pollution. Results suggest important differences between the residential sorting model and a conventional hedonic model, highlighting the role of moving costs and the discreteness of the choice set. Our sorting results indicate that the economic value of air quality improvement associated with a one-unit decline in PM2.5 concentration is up to $8.83 billion for all Chinese households in 2005.}, Doi = {10.1016/j.jeem.2019.01.005}, Key = {fds342133} } @article{fds341378, Author = {Banzhaf, S and Ma, L and Timmins, C}, Title = {Environmental Justice: the Economics of Race, Place, and Pollution.}, Journal = {The Journal of Economic Perspectives : a Journal of the American Economic Association}, Volume = {33}, Number = {1}, Pages = {185-208}, Year = {2019}, Month = {January}, url = {http://dx.doi.org/10.1257/jep.33.1.185}, Doi = {10.1257/jep.33.1.185}, Key = {fds341378} } @article{fds340432, Author = {Bishop, KC and Timmins, C}, Title = {Estimating the marginal willingness to pay function without instrumental variables}, Journal = {Journal of Urban Economics}, Volume = {109}, Pages = {66-83}, Publisher = {Elsevier BV}, Year = {2019}, Month = {January}, url = {http://dx.doi.org/10.1016/j.jue.2018.11.006}, Abstract = {The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems, including a source of endogeneity that has proven difficult to overcome. Here we outline a simple, likelihood-based estimation approach for recovering the marginal willingness-to-pay function that avoids this endogeneity problem. Using this framework, we find that marginal willingness-to-pay to avoid violent crime increases by sixteen cents with each additional incident per 100,000 residents. Accounting for the slope of the marginal willingness-to-pay function has significant impacts on welfare analyses.}, Doi = {10.1016/j.jue.2018.11.006}, Key = {fds340432} } @article{fds335440, Author = {Bishop, KC and Timmins, C}, Title = {Using panel data to easily estimate hedonic demand functions}, Journal = {Journal of the Association of Environmental and Resource Economists}, Volume = {5}, Number = {3}, Pages = {517-543}, Publisher = {University of Chicago Press}, Year = {2018}, Month = {July}, url = {http://dx.doi.org/10.1086/696981}, Abstract = {The hedonics literature has often asserted that if one were able to observe the same individual make multiple purchase decisions, one could recover rich estimates of preference heterogeneity for a given amenity. In particular, in the face of a changing price schedule, observing each individual twice is sufficient to recover a linear demand function separately for each individual, with no additional restrictions. Constructing a rich panel data set of buyers, we recover the full distribution of demand functions for clean air in the Bay Area of California. First, we find that estimating the full demand function, rather than simply recovering a local estimate of marginal willingness to pay, is important. Second, we find evidence of considerable heterogeneity, which is important from a policy perspective; our data-driven estimates of the welfare effects associated with a nonmarginal change in air quality differ substantially from those recovered using the existing approaches to welfare estimation.}, Doi = {10.1086/696981}, Key = {fds335440} } @article{fds347631, Author = {Haninger, K and Ma, L and Timmins, C}, Title = {The value of brownfield remediation}, Journal = {Journal of the Association of Environmental and Resource Economists}, Volume = {4}, Number = {1}, Pages = {197-241}, Year = {2017}, Month = {March}, url = {http://dx.doi.org/10.1086/689743}, Abstract = {The US Environmental Protection Agency Brownfields Program awards grants to redevelop contaminated lands known as brownfields. This paper estimates cleanup benefits by combining administrative records for a nationally representative sample of brownfields with high-resolution, high-frequency housing data. With cleanup, we find that property values increase by an average of 5.0% to 11.5%. For a welfare interpretation that does not rely on the intertemporal stability of the hedonic price function, a double-difference matching estimator finds even larger effects of up to 15.2%. Our various specifications lead to the consistent conclusion that Brownfields Program cleanups yield positive, statistically significant, but highly localized effects on housing prices.}, Doi = {10.1086/689743}, Key = {fds347631} } @article{fds316004, Author = {Bayer, P and McMillan, R and Murphy, A and Timmins, C}, Title = {A Dynamic Model of Demand for Houses and Neighborhoods}, Journal = {Econometrica}, Volume = {84}, Number = {3}, Pages = {893-942}, Publisher = {The Econometric Society}, Year = {2016}, Month = {May}, url = {http://dx.doi.org/10.3982/ECTA10170}, Abstract = {This paper develops a dynamic model of neighborhood choice along with a computationally light multi-step estimator. The proposed empirical framework captures observed and unobserved preference heterogeneity across households and locations in a flexible way. We estimate the model using a newly assembled data set that matches demographic information from mortgage applications to the universe of housing transactions in the San Francisco Bay Area from 1994 to 2004. The results provide the first estimates of the marginal willingness to pay for several non-marketed amenities-neighborhood air pollution, violent crime, and racial composition-in a dynamic framework. Comparing these estimates with those from a static version of the model highlights several important biases that arise when dynamic considerations are ignored.}, Doi = {10.3982/ECTA10170}, Key = {fds316004} } @article{fds314313, Author = {Muehlenbachs, L and Spiller, E and Timmins, C}, Title = {The housing market impacts of shale gas development: Corrigendum}, Journal = {American Economic Review}, Volume = {106}, Number = {2}, Pages = {475}, Publisher = {American Economic Association}, Year = {2016}, Month = {February}, ISSN = {0002-8282}, url = {http://dx.doi.org/10.1257/aer.106.2.475}, Doi = {10.1257/aer.106.2.475}, Key = {fds314313} } @article{fds314314, Author = {Muehlenbachs, L and Spiller, E and Timmins, C}, Title = {The housing market impacts of shale gas development}, Journal = {American Economic Review}, Volume = {105}, Number = {12}, Pages = {3633-3659}, Publisher = {American Economic Association}, Year = {2015}, Month = {December}, ISSN = {0002-8282}, url = {http://dx.doi.org/10.1257/aer.20140079}, Abstract = {Using data from Pennsylvania and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from nearby shale gas development that vary with water source, well productivity, and visibility. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped-water-dependent homes exhibit smaller positive impacts, suggesting benefits from lease payments. Results have implications for the debate over regulation of shale gas development.}, Doi = {10.1257/aer.20140079}, Key = {fds314314} } @article{fds239084, Author = {Depro, B and Timmins, C and O’neil, M}, Title = {White flight and coming to the nuisance: can residential mobility explain environmental injustice?}, Journal = {Journal of the Association of Environmental and Resource Economists}, Volume = {2}, Number = {3}, Pages = {439-468}, Publisher = {University of Chicago Press}, Year = {2015}, Month = {September}, ISSN = {2333-5955}, url = {http://www.jstor.org/stable/10.1086/682716}, Abstract = {Effective environmental justice (EJ) policy requires an understanding of the economic and social forces that determine the correlation between race, income, and pollution exposure. We show how the traditional approach used in many EJ analyses cannot identify nuisance-driven residential mobility. We develop an alternative strategy that overcomes this problem and implement it using data on air toxics from Los Angeles County, California, USA. Differences in estimated willingness to pay for cleaner air across race groups support the residential mobility explanation. Our results suggest that Hispanics may dislike cancer risk but be less willing to trade other forms of consumption to avoid it. As a result, household mobility responses may work against policies designed to address inequitable siting decisions for facilities with environmental health risks.}, Doi = {10.1086/682716}, Key = {fds239084} } @article{fds239085, Author = {Kuminoff, NV and Schoellman, T and Timmins, C}, Title = {Environmental Regulations and the Welfare Effects of Job Layoffs in the United States: A Spatial Approach}, Journal = {Review of Environmental Economics and Policy}, Volume = {9}, Number = {2}, Pages = {198-218}, Publisher = {University of Chicago Press}, Year = {2015}, Month = {July}, ISSN = {1750-6816}, url = {http://dx.doi.org/10.1093/reep/rev006}, Doi = {10.1093/reep/rev006}, Key = {fds239085} } @article{fds239089, Author = {Spiller, E and Stephens, H and Timmins, C and Smith, A}, Title = {The Effect of Gasoline Taxes and Public Transit Investments on Driving Patterns}, Journal = {Environmental and Resource Economics}, Volume = {59}, Number = {4}, Pages = {633-657}, Publisher = {Springer Nature}, Year = {2014}, Month = {December}, ISSN = {0924-6460}, url = {http://dx.doi.org/10.1007/s10640-013-9753-9}, Abstract = {This paper analyzes how driving patterns are affected by gasoline taxes and the availability of a substitute for driving—public transportation. We develop a measure of transportation substitutability based on the difference between individuals’ predicted commute times by private and public transit, conditional upon their demographic characteristics and geographic location. Improved substitutability decreases annual vehicle miles traveled (VMT) by inducing modal shifts to public transit, though gasoline taxes are found to have a much larger impact on VMT. Our results imply that a policy that raises gasoline taxes and recycles the revenues into public transit improvements can have even larger impacts on driving patterns than either policy alone.}, Doi = {10.1007/s10640-013-9753-9}, Key = {fds239089} } @article{fds239088, Author = {Kuminoff, NV and Smith, VK and Timmins, C}, Title = {The new economics of equilibrium sorting and policy evaluation using housing markets}, Journal = {Journal of Economic Literature}, Volume = {51}, Number = {4}, Pages = {1007-1062}, Publisher = {American Economic Association}, Year = {2013}, Month = {December}, ISSN = {0022-0515}, url = {http://dx.doi.org/10.1257/jel.51.4.1007}, Abstract = {Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public goods. Pollution, congestion, and the quality of public education are examples. Over the past decade, advances in economic models of this sorting process have led to a new framework that promises to alter the ways we conceptualize the policy evaluation process in the future. These "equilibrium sorting" models use the properties of market equilibria, together with information on household behavior, to infer structural parameters that characterize preference heterogeneity. The results can be used to develop theoretically consistent predictions for the welfare implications of future policy changes. Analysis is not confined to marginal effects or a partial equilibrium setting. Nor is it limited to prices and quantities. Sorting models can integrate descriptions of how nonmarket goods are generated, estimate how they affect decision making, and, in turn, predict how they will be affected by future policies targeting prices or quantities. Conversely, sorting models can predict how equilibrium prices and quantities will be affected by policies that target product quality, information, or amenities generated by the sorting process. These capabilities are just beginning to be understood and used in applied research. This survey article aims to synthesize the state of knowledge on equilibrium sorting, the new possibilities for policy analysis, and the conceptual and empirical challenges that define the frontiers of the literature. ( JEL C63, D04, E61, H41, R23, R31, R38). © Copyright 2013 by the American Economic Association.}, Doi = {10.1257/jel.51.4.1007}, Key = {fds239088} } @article{fds239090, Author = {Ellickson, PB and Houghton, S and Timmins, C}, Title = {Estimating network economies in retail chains: A revealed preference approach}, Journal = {The Rand Journal of Economics}, Volume = {44}, Number = {2}, Pages = {169-193}, Publisher = {WILEY}, Year = {2013}, Month = {June}, ISSN = {0741-6261}, url = {http://dx.doi.org/10.1111/1756-2171.12016}, Abstract = {We measure the effects of chain economies, business stealing, and heterogeneous firms' comparative advantages in the discount retail industry. Traditional entry models are ill suited for this high-dimensional problem of strategic interaction. Building upon recently developed profit inequality techniques, our model admits any number of potential rivals and stores per location, an endogenous distribution network, and unobserved (to the econometrician) location attributes that may cause firms to cluster their stores. In an application, we find that Wal-Mart benefits most from local chain economies, whereas Target shows a greater ability to respond to rival competition. Kmart exhibits neither of these strengths. We explore these results with counterfactual simulations highlighting these offsetting effects and find that local chain economies play an important role in securing Wal-Mart's industry leader status. © 2013, RAND.}, Doi = {10.1111/1756-2171.12016}, Key = {fds239090} } @article{fds239091, Author = {Gamper-Rabindran, S and Timmins, C}, Title = {Does cleanup of hazardous waste sites raise housing values? Evidence of spatially localized benefits}, Journal = {Journal of Environmental Economics and Management}, Volume = {65}, Number = {3}, Pages = {345-360}, Year = {2013}, Month = {May}, ISSN = {0095-0696}, url = {http://dx.doi.org/10.1016/j.jeem.2012.12.001}, Abstract = {Economists often rely on publicly available data provided at coarse geographical resolution to value spatially localized amenities. We propose a simple refinement to the hedonic method that accommodates this reality: specifically, we measure localized benefits from the cleanup of hazardous waste sites at the sub-census tract level by examining the entire within-tract housing value distribution, rather than simply focusing on the tract median. Our point estimates indicate that the cleanup leads to larger appreciation in house prices at the lower percentiles of the within-tract house value distribution than at higher percentiles. Though not statistically different from one another, the estimates are monotonically ordered from 24.4% at the 10th percentile, 20.8% at the median and 18.7% at the 90th percentile, respectively. We confirm these results in two ways. First, our analysis using restricted access census block data finds comparable results that cleanup leads to a 14.7% appreciation in the median block-level housing values. Second, our analysis of proprietary housing transactions data show that cheaper houses within a census tract are indeed more likely to be closer to a hazardous waste site, explaining the greater impacts they receive from the cleanup process. © 2012 Elsevier Inc.}, Doi = {10.1016/j.jeem.2012.12.001}, Key = {fds239091} } @article{fds239092, Author = {Deleire, T and Khan, S and Timmins, C}, Title = {Roy model sorting and nonrandom selection in the valuation of a statistical life}, Journal = {International Economic Review}, Volume = {54}, Number = {1}, Pages = {279-306}, Publisher = {WILEY}, Year = {2013}, Month = {February}, ISSN = {0020-6598}, url = {http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000313987000010&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=47d3190e77e5a3a53558812f597b0b92}, Abstract = {Wage-hedonics is used to recover the value of a statistical life (VSL) by exploiting the fact that workers choosing riskier occupations are compensated with a higher wage. Roy (Oxford Economic Papers 3 (1951), 135-46) suggests that observed wage distributions will be distorted if individuals choose jobs according to idiosyncratic returns. We describe how this type of sorting biases wage-hedonic VSL estimates and implement two new estimation strategies that correct that bias. Using data from the Current Population Surveys, we recover VSL estimates that are three to four times larger than those based on the traditional techniques, statistically significant, and robust to a wide array of specifications. © (2013) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.}, Doi = {10.1111/j.1468-2354.2012.00733.x}, Key = {fds239092} } @article{fds320630, Author = {Muehlenbachs, L and Spiller, E and Timmins, CD}, Title = {Shale Gas Development and Property Values: Differences Across Drinking Water Sources}, Journal = {Economic Research Initiatives at Duke (Erid) Working Paper}, Number = {131}, Year = {2012}, Month = {September}, Abstract = {While shale gas development can result in rapid local economic development, negative externalities associated with the process may adversely affect the prices of nearby homes. We utilize a triple-difference estimator and exploit the public water service area boundary in Washington County, Pennsylvania to identify the housing capitalization of groundwater risk, differentiating it from other externalities, lease payments to homeowners, and local economic development. We find that proximity to wells increases housing values, though risks to groundwater fully offset those gains. By itself, groundwater risk reduces property values by up to 24 percent.}, Key = {fds320630} } @article{fds239105, Author = {Bajari, P and Fruehwirth, JC and Kim, KI and Timmins, C}, Title = {A rational expectations approach to hedonic price regressions with time-varying unobserved product attributes: The price of pollution}, Journal = {American Economic Review}, Volume = {102}, Number = {5}, Pages = {1898-1926}, Publisher = {American Economic Association}, Year = {2012}, Month = {August}, ISSN = {0002-8282}, url = {http://dx.doi.org/10.1257/aer.102.5.1898}, Abstract = {We propose a new strategy for a pervasive problem in the hedonics literature: recovering hedonic prices in the presence of time-varying correlated unobservables. Our approach relies on an assumption about home buyer rationality, under which prior sales prices can be used to control for time-varying unobservable attributes of the house or neighborhood. Using housing transactions data from California's Bay Area between 1990 and 2006, we apply our estimator to recover marginal willingness to pay for reductions in three of the EPA's "criteria" air pollutants. Our findings suggest that ignoring bias from time-varying correlated unobservables considerably understates the benefits of a pollution reduction policy.}, Doi = {10.1257/aer.102.5.1898}, Key = {fds239105} } @article{fds239104, Author = {Gamper-Rabindran, S and Timmins, C}, Title = {Hazardous waste cleanup, neighborhood gentrification, and environmental justice: Evidence from restricted access census block data}, Journal = {American Economic Review}, Volume = {101}, Number = {3}, Pages = {620-624}, Publisher = {American Economic Association}, Year = {2011}, Month = {May}, ISSN = {0002-8282}, url = {http://dx.doi.org/10.1257/aer.101.3.620}, Abstract = {We test for residential sorting and changes in neighborhood characteristics in response to the cleanup of hazardous waste sites using restricted access fine-geographicalresolution block data. We examine changes between 1990 and 2000 in blocks within 5km of sites that are proposed to the National Priority List that fall in a narrow interval of Hazardous Ranking Scores, comparing blocks near sites that were cleaned with those near sites that were not. Cleanup leads to increases in population density and housing unit density; increases in mean household income and shares of collegeeducated; but also to increases in the shares of minorities. © 2011 AEA. The American Economic Association is hosted by Vanderbilt University.}, Doi = {10.1257/aer.101.3.620}, Key = {fds239104} } @article{fds239111, Author = {Bayer, P and Khan, S and Timmins, C}, Title = {Nonparametric identification and estimation in a Roy model with common nonpecuniary returns}, Journal = {Journal of Business & Economic Statistics}, Volume = {29}, Number = {2}, Pages = {201-215}, Publisher = {Informa UK Limited}, Year = {2011}, Month = {April}, ISSN = {0735-0015}, url = {http://dx.doi.org/10.1198/jbes.2010.08083}, Abstract = {We consider identification and estimation of a Roy model that includes a common nonpecuniary utility component associated with each choice alternative. This augmented Roy model has broader applications to many polychotomous choice problems in addition to occupational sorting. We develop a pair of nonparametric estimators for this model, derive asymptotics, and illustrate small-sample properties with a series of Monte Carlo experiments. We apply one of these models to migration behavior and analyze the effect of Roy sorting on observed returns to college education. Correcting for Roy sorting bias, the returns to a college degree are cut in half. This article has supplementary material online. © 2011 American Statistical Association.}, Doi = {10.1198/jbes.2010.08083}, Key = {fds239111} } @article{fds239107, Author = {Gamper-Rabindran, S and Khan, S and Timmins, C}, Title = {The impact of piped water provision on infant mortality in Brazil: A quantile panel data approach}, Journal = {Journal of Development Economics}, Volume = {92}, Number = {2}, Pages = {188-200}, Publisher = {Elsevier BV}, Year = {2010}, Month = {July}, ISSN = {0304-3878}, url = {http://hdl.handle.net/10161/2010 Duke open access}, Abstract = {We examine the impact of piped water on the under-1 infant mortality rate (IMR) in Brazil using a recently developed econometric procedure for the estimation of quantile treatment effects with panel data. The provision of piped water in Brazil is highly correlated with other observable and unobservable determinants of IMR - the latter leading to an important source of bias. Instruments for piped water provision are not readily available, and fixed effects to control for time-invariant correlated unobservables are invalid in the simple quantile regression framework. Using the quantile panel data procedure in Chen and Khan [Chen, S., Khan, S., Semiparametric estimation of non-stationary censored panel model data models with time-varying factor. Econometric Theory 2007; forthcoming], our estimates indicate that the provision of piped water reduces infant mortality by significantly more at the higher conditional quantiles of the IMR distribution than at the lower conditional quantiles (except for cases of extreme underdevelopment). These results imply that targeting piped water intervention toward areas in the upper quantiles of the conditional IMR distribution, when accompanied by other basic public health inputs, can achieve significantly greater reductions in infant mortality. © 2009 Elsevier B.V.}, Doi = {10.1016/j.jdeveco.2009.02.006}, Key = {fds239107} } @article{fds239086, Author = {Timmins, C and Schlenker, W}, Title = {Reduced-Form Versus Structural Modeling in Environmental and Resource Economics}, Journal = {Annual Review of Resource Economics}, Volume = {1}, Number = {1}, Pages = {351-380}, Publisher = {ANNUAL REVIEWS}, Year = {2009}, Month = {October}, ISSN = {1941-1340}, url = {http://dx.doi.org/10.1146/annurev.resource.050708.144119}, Abstract = {<jats:p> We contrast structural and reduced form empirical studies in environmental and resource economics. Both methodologies have their own context-specific advantages and disadvantages, and should be viewed as complements, not substitutes. Structural models typically require a theoretical model and explicit assumptions about structural errors in order to recover the parameters of behavioral functions. These estimates may be required to measure general equilibrium welfare effects or to simulate intricate feedback loops between natural and economic processes. However, many of the assumptions used to recover structural estimates are untestable. The goal of reduced form studies is, conversely, to recover key parameters of interest using exogenous within-sample variation with as few structural assumptions as possible—reducing reliance on these assumptions assists in establishing causality in the relationship of interest. Reduced-form studies do, however, require assumptions of their own, e.g., the (quasi) randomness of an experiment with no spillover effects on the control group. </jats:p>}, Doi = {10.1146/annurev.resource.050708.144119}, Key = {fds239086} } @misc{lall_connecting_2009, Author = {Lall, SV and Timmins, C and Yu, S}, Title = {Connecting lagging and leading regions: The role of labor mobility}, Journal = {Brookings Wharton Papers on Urban Affairs}, Volume = {2009}, Pages = {151-174}, Booktitle = {Brookings-Wharton Papers on Urban Affairs}, Publisher = {The Brookings Institution}, Address = {Washington, D.C.}, Year = {2009}, Month = {September}, ISSN = {1528-7084}, url = {http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1036301&site=ehost-live&scope=site}, Abstract = {How can policies improve the welfare of people in economically lagging regions of countries? Should policies help jobs follow people? Or should they enable people to follow jobs? In most countries, market forces have encouraged the geographic concentration of people and economic activities--policies that try to offset these forces to encourage balanced economic growth have largely been unsuccessful. However, policies that help people get closer to economic density have improved individual welfare. In this paper, the authors examine the migration decisions of working-age Brazilians and find that the pull of higher wages in leading regions has a strong influence on the decision to migrate. However, many people are also"pushed"to migrate, starved of access to basic public services such as clean water and sanitation in their hometowns. Although migration is welfare-improving for these individuals, the economy may end up worse off as these migrants are more likely to add to congestion costs in cities than to contribute to agglomeration benefits. Encouraging human capital formation can stimulate labor mobility for economic gain; and improving access to and quality of basic services in lagging regions will directly improve welfare as well as reduce the type of migration motivated by the search for life-supporting basic services.}, Key = {lall_connecting_2009} } @article{Bayer09, Author = {Bayer, P and Keohane, N and Timmins, C}, Title = {Migration and hedonic valuation: The case of air quality}, Journal = {Journal of Environmental Economics and Management}, Volume = {58}, Number = {1}, Pages = {1-14}, Publisher = {Elsevier BV}, Year = {2009}, Month = {July}, ISSN = {0095-0696}, url = {http://hdl.handle.net/10161/2025 Duke open access}, Keywords = {Discrete choice models • Migration costs • Particulate matter • residential sorting • Valuation of air qualitly • Wage-hedonic models}, Abstract = {Conventional hedonic techniques for estimating the value of local amenities rely on the assumption that households move freely among locations. We show that when moving is costly, the variation in housing prices and wages across locations may no longer reflect the value of differences in local amenities. We develop an alternative discrete-choice approach that models the household location decision directly, and we apply it to the case of air quality in US metro areas in 1990 and 2000. Because air pollution is likely to be correlated with unobservable local characteristics such as economic activity, we instrument for air quality using the contribution of distant sources to local pollution-excluding emissions from local sources, which are most likely to be correlated with local conditions. Our model yields an estimated elasticity of willingness to pay with respect to air quality of 0.34-0.42. These estimates imply that the median household would pay $149-$185 (in constant 1982-1984 dollars) for a one-unit reduction in average ambient concentrations of particulate matter. These estimates are three times greater than the marginal willingness to pay estimated by a conventional hedonic model using the same data. Our results are robust to a range of covariates, instrumenting strategies, and functional form assumptions. The findings also confirm the importance of instrumenting for local air pollution. © 2009 Elsevier Inc. All rights reserved.}, Doi = {10.1016/j.jeem.2008.08.004}, Key = {Bayer09} } @article{wagner_agglomeration_2009, Author = {Wagner, UJ and Timmins, CD}, Title = {Agglomeration effects in foreign direct investment and the pollution haven hypothesis}, Journal = {Environmental and Resource Economics}, Volume = {43}, Number = {2}, Pages = {231-256}, Publisher = {Springer Nature}, Year = {2009}, Month = {January}, ISSN = {0924-6460}, url = {http://hdl.handle.net/10161/2059 Duke open access}, Keywords = {Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling Q530, Chemicals; Rubber; Drugs; Biotechnology L650, Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products O130, Environmental Economics: Government Policy Q580, Multinational Firms; International Business F230, Other Production and Pricing Analysis R320}, Abstract = {Does environmental regulation impair international competitiveness of pollution-intensive industries to the extent that they relocate to countries with less stringent regulation, turning those countries into "pollution havens"? We test this hypothesis using panel data on outward foreign direct investment (FDI) flows of various industries in the German manufacturing sector and account for several econometric issues that have been ignored in previous studies. Most importantly, we demonstrate that externalities associated with FDI agglomeration can bias estimates away from finding a pollution haven effect if omitted from the analysis. We include the stock of inward FDI as a proxy for agglomeration and employ a GMM estimator to control for endogenous time-varying determinants of FDI flows. Furthermore, we propose a difference estimator based on the least polluting industry to break the possible correlation between environmental regulatory stringency and unobservable attributes of FDI recipients in the cross-section. When accounting for these issues we find robust evidence of a pollution haven effect for the chemical industry. © 2008 Springer Science+Business Media B.V.}, Doi = {10.1007/s10640-008-9236-6}, Key = {wagner_agglomeration_2009} } @article{fds239106, Author = {Pattanayak, SK and Ross, MT and Depro, BM and Bauch, SC and Timmins, C and Wendland, KJ and Alger, K}, Title = {Climate change and conservation in Brazil: CGE evaluation of health and wealth impacts}, Journal = {The B.E. Journal of Economic Analysis & Policy}, Volume = {9}, Number = {2}, Publisher = {WALTER DE GRUYTER GMBH}, Year = {2009}, Month = {January}, ISSN = {1935-1682}, url = {http://dx.doi.org/10.2202/1935-1682.2096}, Abstract = {Ecosystem services are public goods that frequently constitute the only source of capital for the poor, who lack political voice. As a result, provision of ecosystem services is sub-optimal and estimation of their values is complicated. We examine how econometric estimation can feed computable general equilibrium (CGE) modeling to estimate health-related ecosystem values. Against a back drop of climate change, we analyze the Brazilian policy to expand National Forests (FLONAS) by 50 million hectares. Because these major environmental changes can generate spillovers in other sectors, we develop and use a CGE model that focuses on land and labor markets. Compared to climate change and deforestation in the baseline, the FLONAS scenario suggests relatively small declines in GDP, output (including agriculture) and other macro indicators. Urban households will experience declines in their welfare because they own most of the capital and land, which allows them to capture most of the deforestation benefits. In contrast, even though rural households have fewer opportunities for subsistence agriculture and face additional competition with other rural agricultural workers for more limited employment, their welfare improves due to health benefits from conservation of nearby forests. The efficiency vs. equity tradeoffs implied by the FLONAS scenario suggests that health-related ecosystem services will be underprovided if the rural poor are politically weaker than the urban rich. In conclusion, we briefly discuss the pros and cons of the CGE strategy for valuing ecosystem-mediated health benefits and evaluating contemporary policies on climate change mitigation. Copyright © 2009 The Berkeley Electronic Press. All rights reserved.}, Doi = {10.2202/1935-1682.2096}, Key = {fds239106} } @article{li_do_2009, Author = {Timmins, CD and Li, S and von Haefen, R}, Title = {How Do Gas Prices Affect Fleet Fuel Economy?}, Journal = {American Economic Journal: Economic Policy}, Volume = {1}, Number = {2}, Pages = {113-137}, Publisher = {American Economic Association}, Year = {2009}, ISSN = {1945-7812}, url = {http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1051386&site=ehost-live&scope=site}, Keywords = {Business Taxes and Subsidies including sales and value-added {(VAT)} H250, Industry Studies: Manufacturing: Other L690, Mining, Extraction, and Refining: Hydrocarbon Fuels L710, Production, Pricing, and Market Structure; Size Distribution of Firms L110}, Abstract = {Exploiting a rich dataset of passenger vehicle registrations in 20 US MSAs from 1997 to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline prices affect fleet fuel economy through two channels: shifting new auto purchases towards more fuel-efficient vehicles, and speeding the scrappage of older, less fuel-efficient used vehicles. Policy simulations suggest that a 10 percent increase in gasoline prices from 2005 levels will generate a 0.22 percent increase in fleet fuel economy in the short run and a 2.04 percent increase in the long run.}, Doi = {10.1257/pol.1.2.113}, Key = {li_do_2009} } @article{timmins_revealed_2007, Author = {Timmins, C and Murdock, J}, Title = {A revealed preference approach to the measurement of congestion in travel cost models}, Journal = {Journal of Environmental Economics and Management}, Volume = {53}, Number = {2}, Pages = {230-249}, Publisher = {Elsevier BV}, Year = {2007}, Month = {March}, ISSN = {0095-0696}, url = {http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=0902859&site=ehost-live&scope=site}, Keywords = {Recreational Aspects of Natural Resources Q260, Renewable Resources and Conservation: Fishery; Aquaculture Q220, Transportation: Demand, Supply, and Congestion; Safety and Accidents; Transportation Noise R410}, Abstract = {Travel cost models are regularly used to determine the value of recreational sites or particular site characteristics, yet congestion, a key site attribute, is often excluded from such analyses. One reason for this omission is that congestion is determined in equilibrium by the process of individuals sorting across sites and thus presents significant endogeneity problems. This paper illustrates this source of endogeneity, describes how previous research has dealt with it using stated preference techniques, and describes an instrumental variables approach to address it in a revealed preference context. We demonstrate that failing to address the endogeneity of congestion leads one to dramatically understate its costs. We apply our technique to the valuation of a large recreational fishing site in Wisconsin (Lake Winnebago) which, if eliminated, would induce significant re-sorting of anglers amongst remaining sites. Ignoring congestion leads to an understatement of the lake's value by more than 50%. © 2006 Elsevier Inc. All rights reserved.}, Doi = {10.1016/j.jeem.2006.08.002}, Key = {timmins_revealed_2007} } @article{bayer_estimating_2007, Author = {Bayer, P and Timmins, C}, Title = {Estimating equilibrium models of sorting across locations}, Journal = {The Economic Journal}, Volume = {117}, Number = {518}, Pages = {353-374}, Publisher = {Oxford University Press (OUP)}, Year = {2007}, Month = {March}, ISSN = {0013-0133}, url = {http://hdl.handle.net/10161/2026 Duke open access}, Keywords = {Other Production and Pricing Analysis R320, Urban, Rural, and Regional Economics: Housing Demand R210, Urban, Rural, and Regional Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics R230}, Abstract = {While there is growing interest in measuring the size and scope of local spillovers, it is well understood that such spillovers cannot be distinguished from unobservable local attributes using solely the observed location decisions of individuals or firms. We propose an empirical strategy for recovering estimates of spillovers in the presence of unobserved local attributes for a broadly applicable class of equilibrium sorting models. Our approach relies on an IV strategy derived from the internal logic of the sorting model itself. We show practically how the strategy is implemented, provide intuition for our instruments, discuss the role of effective choice-set variation in identifying the model, and carry-out a series of Monte Carlo simulations to demonstrate performance in small samples. © 2007 The Author(s). Journal compilation Royal Economic Society 2007.}, Doi = {10.1111/j.1468-0297.2007.02021.x}, Key = {bayer_estimating_2007} } @article{timmins_if_2007, Author = {Timmins, C}, Title = {If you cannot take the heat, get out of the cerrado... Recovering the equilibrium amenity cost of nonmarginal climate change in Brazil}, Journal = {Journal of Regional Science}, Volume = {47}, Number = {1}, Pages = {1-25}, Publisher = {WILEY}, Year = {2007}, Month = {January}, ISSN = {0022-4146}, url = {http://hdl.handle.net/10161/2036 Duke open access}, Keywords = {Climate; Natural Disasters; Global Warming Q540, Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products O130, Economic Development: Regional, Urban, and Rural Analyses O180, Urban, Rural, and Regional Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics R230, Valuation of Environmental Effects Q510}, Abstract = {This paper presents an empirical technique for valuing large changes in nonmarketed local attributes (e.g., climate amenities) without data describing prices of locally traded commodities like housing. A model of endogenous sorting is used to identify individuals' indirect utility functions, from which the value of the change in the local attribute is recovered while accounting for equilibrium impacts on markets for labor and locally traded commodities. Annual amenity costs of Brazilian climate change are estimated to be between $1.6 and $8.1 billion for a moderate climate change scenario, depending upon the role of migration costs. © Blackwell Publishing, Inc. 2007.}, Doi = {10.1111/j.1467-9787.2007.00497.x}, Key = {timmins_if_2007} } @article{timmins_estimating_2006, Author = {Timmins, C}, Title = {Estimating spatial differences in the Brazilian cost of living with household location choices}, Journal = {Journal of Development Economics}, Volume = {80}, Number = {1}, Pages = {59-83}, Publisher = {Elsevier BV}, Year = {2006}, Month = {June}, ISSN = {0304-3878}, url = {http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=0870767&site=ehost-live&scope=site}, Keywords = {Consumer Economics: Empirical Analysis D120, Economic Development: Human Resources; Human Development; Income Distribution; Migration O150, Other Production and Pricing Analysis R320, Urban, Rural, and Regional Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics R230}, Abstract = {This paper uses a model of optimal household residential decisions to construct a comprehensive "true" spatial cost of living index with readily available Brazilian census data. We find evidence of a decreasing or U-shaped relationship (differing with education level and region) between the cost of living and urbanization, suggesting that both market disintegration and congestion play roles in raising costs. Controlling for spatial differences in the cost of living is shown to have important consequences for the determinants of poverty and (contrary to many previous results) to increase income inequality. © 2005 Elsevier B.V. All rights reserved.}, Doi = {10.1016/j.jdeveco.2005.02.006}, Key = {timmins_estimating_2006} } @article{Timmins06a, Author = {Timmins, C}, Title = {Endogenous land use and the Ricardian valuation of climate change}, Journal = {Environmental and Resource Economics}, Volume = {33}, Number = {1}, Pages = {119-142}, Publisher = {Springer Nature}, Year = {2006}, Month = {January}, ISSN = {0924-6460}, url = {http://dx.doi.org/10.1007/s10640-005-2646-9}, Keywords = {Endogenous land • Ricardian technique}, Abstract = {The Ricardian technique uses cross-sectional variation in the capitalized value of climate in land to infer the agricultural costs or benefits of dynamic climate change. While a practical approach for predicting the consequences of global warming with readily available data, it may yield biased results when land-use decisions depend on the climate attributes being valued and when land has unobserved attributes that differ with the use to which it is put. This paper illustrates the conditions under which such a bias will occur, describes an empirical model that corrects for it, and estimates that model with agricultural census data from Brazil. The approach, moreover, allows constraints on adjustment to be explicitly incorporated into the Ricardian framework, relaxing one of that technique's most conspicuous assumptions. © Springer 2006.}, Doi = {10.1007/s10640-005-2646-9}, Key = {Timmins06a} } @article{Nou05, Author = {Nou, J and Timmins, C}, Title = {How do changes in welfare law affect domestic violence? An analysis of Connecticut towns, 1990-2000}, Journal = {The Journal of Legal Studies}, Volume = {34}, Number = {2}, Pages = {445-469}, Publisher = {University of Chicago Press}, Year = {2005}, Month = {June}, ISSN = {0047-2530}, url = {http://dx.doi.org/10.1086/429847}, Keywords = {Domestic violence • Time limits • Welfare reform • Welfare to work • Work mandates}, Abstract = {The 1996 Personal Responsibility and Work Opportunity Reconciliation Act transformed welfare from an ongoing cash assistance program by restricting participation through time limits and emphasizing rapid entrance into the labor force. Changes in welfare dependency induced by these legal reforms had the potential to impact rates of domestic violence. Using decennial census, welfare caseload, and police report data, this paper investigates the introduction of time limits and work mandates across Connecticut towns. For a variety of reasons, Connecticut proves to be an ideal laboratory from which to obtain evidence. We find that rates of domestic violence fell in Connecticut with the passage of the new welfare law, especially in towns most subject to the law's provisions. Using Federal Bureau of Investigation Uniform Crime Report data, we also find evidence that such results hold independent of the reform's effects on other personal crimes and crimes in general. © 2005 by The University of Chicago. All rights reserved.}, Doi = {10.1086/429847}, Key = {Nou05} } @article{Bayer05, Author = {Bayer, P and Timmins, C}, Title = {On the equilibrium properties of locational sorting models}, Journal = {Journal of Urban Economics}, Volume = {57}, Number = {3}, Pages = {462-477}, Publisher = {Elsevier BV}, Year = {2005}, Month = {May}, url = {http://dx.doi.org/10.1016/j.jue.2004.12.008}, Keywords = {Agglomeration • Congestion • Discrete choice models • Economic geography • Endogenous sorting • Local spillovers • Natural advantage • random utility • Social interactions}, Abstract = {Important to many models of location choice is the role of local interactions or spillovers, whereby the payoffs from choosing a location depend in part on the number or attributes of other individuals or firms that choose the same or nearby locations in equilibrium. This paper develops the equilibrium properties of a broadly applicable and readily estimable class of sorting models that allow location decisions to depend on both fixed local attributes (including unobserved attributes) and local interactions, describes the conditions under which equilibria exist and are unique, and provides a test for uniqueness in empirical analyses of sorting equilibrium. © 2005 Elsevier Inc. All rights reserved.}, Doi = {10.1016/j.jue.2004.12.008}, Key = {Bayer05} } @article{Timmins05, Author = {Timmins, C}, Title = {Estimable equilibrium models of locational sorting and their role in development economics}, Journal = {Journal of Economic Geography}, Volume = {5}, Number = {1}, Pages = {83-100}, Publisher = {Oxford University Press (OUP)}, Year = {2005}, Month = {January}, url = {http://dx.doi.org/10.1093/jnlecg/lbh055}, Keywords = {Agglomeration • Congestion • Discrete choice models • Economic geography • Endogenous location choice • Local spillovers • Natural advantage}, Abstract = {Geography plays a prominent role in many problems in development economics - directly in analyses of the spatial distribution of important variables like poverty and productivity, and indirectly through the role of local spillovers in economic growth. Empirical work on these topics is complicated by the fact that the behavioral consequences of such spillovers cannot be distinguished from those of unobservable local attributes using only the observed location decisions of individuals or firms. This problem can be solved with an instrumental variables strategy derived from the internal logic of a structural model of residential sorting. We show practically how the strategy is implemented, provide intuition for the instruments and econometric identification, demonstrate how traditional techniques overstate agglomeration externalities, and use the model to value changes in spillovers from urban centers. © Oxford University Press 2005; all rights reserved.}, Doi = {10.1093/jnlecg/lbh055}, Key = {Timmins05} } @article{fds239095, Author = {Timmins, C}, Title = {Demand-Side Technology Standards Under Inefficient Pricing Regimes: Are They Effective Water Conservation Tools in the Long-Run?}, Journal = {Environmental and Resource Economics}, Volume = {26}, Number = {1}, Pages = {107-124}, Year = {2003}, Month = {September}, url = {http://dx.doi.org/10.1023/A:1025689706396}, Abstract = {When price-setting regulators have objectives other than maximizing social surplus, the conservation potential of demand-side technology standards can be significantly diminished. This paper demonstrates this by empirically recovering the socially sub-optimal preferences of a group of water managers in a groundwater-dependent region of California and simulating their inefficient price response to the mandated adoption of low-flow appliances by homeowners. The resulting reduction in the conservation potential of these appliances is quantified, and a modest tax is shown to be a relatively cost-effective policy tool for conservation. If non-price conservation policies are preferred according to equity criteria, the paper suggests that, in order to preserve their conservation potential, policy-makers should be required to continue to set prices as if no technology standards had been introduced.}, Doi = {10.1023/A:1025689706396}, Key = {fds239095} } @article{fds239093, Author = {Timmins, C}, Title = {Does the median voter consume too much water? Analyzing the redistributive role of residential water bills}, Journal = {National Tax Journal}, Volume = {55}, Number = {4}, Pages = {687-702}, Publisher = {National Tax Association}, Year = {2002}, Month = {January}, url = {http://hdl.handle.net/10161/2042 Duke open access}, Abstract = {According to allocative efficiency criteria, water in the American West is often underpriced in urban sales. The political-economic process that motivates municipal managers to impose the resulting deadweight losses on their constituencies is analyzed with a median voter model of choice between alternative municipal revenue sources. The implications of this model are tested empirically, and the results confirm the conclusions of previous empirical research by suggesting that cities with more skewed income distributions tend to engage in more redistributive activities than other conditionally similar communities.}, Doi = {10.17310/ntj.2002.4.02}, Key = {fds239093} } @article{fds239094, Author = {Timmins, C}, Title = {Measuring the dynamic efficiency costs of regulators' preferences: Municipal water utilities in the Arid West}, Journal = {Econometrica}, Volume = {70}, Number = {2}, Pages = {603-629}, Publisher = {The Econometric Society}, Year = {2002}, Month = {January}, url = {http://hdl.handle.net/10161/1868 Duke open access}, Abstract = {Evidence suggests that municipal water utility administrators in the western US price water significantly below its marginal cost and, in so doing, inefficiently exploit aquifer stocks and induce social surplus losses. This paper empirically identifies the objective function of those managers, measures the deadweight losses resulting from their price-discounting decisions, and recovers the efficient water pricing policy function from counterfactual experiments. In doing so, the estimation uses a "continuous-but-constrained-control" version of a nested fixed-point algorithm in order to measure the important intertemporal consequences of groundwater pricing decisions.}, Doi = {10.1111/1468-0262.00297}, Key = {fds239094} } %% Chapters in Books @misc{fds360067, Author = {Liang, W and Song, R and Timmins, C}, Title = {The Role of Migration Costs in Residential Sorting}, Pages = {251-283}, Booktitle = {Urban Book Series}, Year = {2021}, Month = {January}, url = {http://dx.doi.org/10.1007/978-3-030-74544-8_4}, Abstract = {Economists generally employ two ‘revealed preference’ approaches to measure households’ preferences for non-market amenities—the hedonic and equilibrium sorting models. The conventional hedonic model assumes free mobility across space. Violation of this assumption can bias the estimates of household willingness to pay for local amenities. Mobility constraints are more easily handled by the sorting framework. In this chapter, we examine the role of migration costs in household residential sorting and apply these two models to estimate the willingness to pay for clean air in the USA and China. Our results demonstrate that ignoring mobility costs in spatial sorting will underestimate the implicit value of non-market amenities in both countries. Such a downward bias is larger in developing countries, such as China, where migration costs are higher.}, Doi = {10.1007/978-3-030-74544-8_4}, Key = {fds360067} } @misc{fds349758, Author = {Moi, T}, Title = {Introduction}, Volume = {4}, Pages = {iii}, Booktitle = {Camille The Lady of the Camellias, by Alexandre Dumas Fils}, Publisher = {Signet Classics}, Year = {2003}, ISBN = {0451529200}, url = {http://dx.doi.org/10.1086/693389}, Abstract = {With a new introduction, this Signet Classic is the only available paperback edition of Camille, the instantly-famous story of passion versus class that remains as timeless as love itself.}, Doi = {10.1086/693389}, Key = {fds349758} } %% Other @misc{fds210363, Author = {C.D. Timmins}, Title = {Course Syllabus for Econ 881: "Hedonics and Non-Market Valuation and Equilibrium Sorting"}, Year = {2012}, Key = {fds210363} } @misc{fds210364, Author = {C.D. Timmins}, Title = {Course Syllabus for Econ 439/Enviro 363: "Economics of the Environment"}, Year = {2012}, Key = {fds210364} } | |
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