Florenz Plassmann

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An analysis of the effects of right-to-carry laws on crime requires particular dis-tributional and structural considerations. First, because of the count nature of crime data and the low number of expected instances per observation in the most appropriate data, least-squares methods yield unreliable estimates. Second, use of a single dummy variable as a(More)
Democracies often fail to aggregate information, while speculative markets excel at this task. We consider a new form of governance, wherein voters would say what we want, but speculators would say how to get it. Elected representatives would oversee the after-the-fact measurement of national welfare, while market speculators would say which policies they(More)
  • ANDREW YOUNG SCHOOL, James Alm, +4 authors Andrew Feltenstein
  • 2011
1 1 The views expressed in this paper are those of the authors and do not necessarily reflect the views of the International Monetary Fund. We would like to thank James Alm, James Cox, Florenz Plassmann, and Gohar Sedrakyan for helpful inputs to this paper. ABSTRACT This paper develops a model that relates entry into the underground economy to tax rates and(More)
Analyzing county-level data for the entire United States from 1977 to 2000, we find annual reductions in murder rates between 1.5% and 2.3% for each additional year that a right-to-carry law is in effect. For the first five years that such a law is in effect, the total benefit from reduced crimes usually ranges between approximately $2 billion and $3(More)
* The empirical side of computational social choice has received relatively little attention. This paper discusses some interesting questions in public choice that can be addressed through empirical inquiries. The possibilities for such inquiries are illustrated with the example of how an empirical inquiry can be used to estimate which voting rule is most(More)
When urban renewal projects require that smaller parcels be assembled into a single large one, owners who hold out for higher prices may either prevent or significantly delay socially efficient redevelopment. Local governments seeking private redevelopment currently have only the choice between either hoping that private bargaining will lead to efficient(More)
Since the mid 1980s, applied general equilibrium (AGE) models have been used to analyze the effects of regional economic policies. Unfortunately, most regional AGE models use assumptions that are too restrictive to yield reliable results. This paper presents an AGE model for regional policy analysis that has four major improvements compared to existing(More)