Proposition 13 threatens US basic research

Proposition 13 : An Equilibrium Analysis ∗

In 1978, California passed one of the most significant tax changes initiated by voters in the United States. Proposition 13 lowered property tax rates and restricted future property tax increases. In this paper, we study the implications of Proposition 13 on house prices, housing turnover, and household welfare. In our benchmark calibration, the introduction of Proposition 13 leads to a 25% inc...

Did Serrano Cause Proposition 13?**

poor communities to generate the same tax revenues for a given local rate (Coons, Proposition 13 gutted California's proPClune and Sugarman, 1970). In an aterty tax system in 1978. Most people think tempt to comply with the coures ruling that the tax-revolt initiative was caused by the state legislature adopted a new school' excessivegovernment spending and rising aid formula that added funds t...

Research Project Proposition

Autonomous Energy Transducer: Proposition, Example, Basic Characteristics

We propose a concept of autonomous energy transducer at a molecular scale, where output is produced with small input energy, of the same order of the thermal energy, without restriction of magnitude or timing of input, and without any control after the input. As an example that satisfies these requisites, a dynamical systems model with several degrees of freedom is proposed, which transduces in...

Elias A . Zerhouni Clinical Sciences US Biomedical Research : Basic , Translational