منابع مشابه
The ' flypaper effect ' is not an anomaly
The ‘flypaper effect’ is not an anomaly” by John E. Roemer and Joaquim Silvestre & University of California, Davis An in-kind subsidy is equivalent, both theoretically and empirically, to an increase of income for an individual consumer. But the equivalence does not empirically carry over to in-kind grants by a central government to a local one: ...
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This paper investigates the ways in which grants can be incorporated into the median voter model of local government expenditure. Grants can either be viewed as having income or price effects. Oakes suggested grants might affect the average price as perceived by the median voter. Our initial estimates seem to support this idea. However, econometric problems require a re-estimation of the model....
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In this issue, Kamhawi et al. (2004) describe the identification of an insect galectin as the receptor for the stage-specific Leishmania adhesin lipophosphoglycan (LPG). This interaction is critical for parasite survival in the midgut of its sand fly vector. The results open new avenues for studies of insect immunity, transmission binding vaccines, and host-parasite coevolution.
متن کاملMental Accounting in Portfolio Choice: Evidence from a Flypaper Effect.
Consistent with mental accounting, we document that investors sometimes choose the asset allocation for one account without considering the asset allocation of their other accounts. The setting is a firm that changed its 401(k) matching rules. Initially, 401(k) enrollees chose the allocation of their own contributions, but the firm chose the match allocation. These enrollees ignored the match a...
متن کاملIdentifying the Flypaper Effect in the Presence of Spatial Dependence: Evidence from Education in China’s Counties
In the context of China without a median voter system, this study examines whether the “flypaper effect”, an unconditional lump-sum grant from the upper governments to the county governments increases spending in a greater proportion than an equivalent rise in local income, holds true in China. Using China’s county-level education data during 2007, the models have been estimated using a spatial...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 1995
ISSN: 0895-3309
DOI: 10.1257/jep.9.4.217