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Place-Based Redistribution in Location Choice Models / Morris Davis, Jesse M. Gregory.
- Format:
- Book
- Author/Creator:
- Davis, Morris.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29045.
- NBER working paper series no. w29045
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- In recent location choice models, households randomly vary with respect to their utility of living in a location. We demonstrate the distribution generating this randomness is not identifiable from location choice data and the optimal allocation chosen by a social planner is not identified. We propose an algorithm for setting the distribution generating the random utility across locations that implies a planner will optimally choose no redistribution in the absence of externalities or equity motives between different types of people. Our algorithm preserves a planner's motives to redistribute due to equity considerations between types of people and efficiency in production.
- Notes:
- Print version record
- July 2021.
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