Intergenerational Fiscal Constitutions: How to Protect Future Generations Using Land Taxes and Federalism

This paper studies how to design a fiscal constitution that, by capitalizing intergenerational spillovers into land values, is able to protect future generations from expropriation and to generate optimal investment in intergenerational public goods. In particular, we study how to accomplish these goals by changing two dimensions of the fiscal constitution: (1) the level of government to which different types of intergenerational public goods are assigned, and (2) the tax base of the different jurisdictions. We show that the instruments required to generate capitalization of the intergenerational spillovers depend on the type of the spillover. Land taxation is the essential instrument for policies that mostly generate fiscal spillovers, such as debt and public infrastructure. By contrast, interjurisdictional competition is the essential instrument for policies that mostly generate direct spillovers, such as irreversible environmental damages. Furthermore, we show that it is possible to design a fiscal constitution that generates full capitalization of fiscal spillovers, but in general, not one that generates full capitalization of direct spillovers.

Anonymous Price Taking Equilibrium in Tiebout Economies with Unbounded Club Sizes

We introduce a model of a local public goods economy with a continuum of agents and jurisdictions with finite, but unbounded populations. Under boundedness of per capita payoffs we demonstrate nonemptiness of the core of the economy. We then demonstrate that the equal treatment core coincides with the set of price-taking equilibrium outcomes with anonymous prices - that is, prices for public goods depend only on observable characteristics of agents. Existence of equilibrium follows from nonemptiness of the core and equivalence of the core to the set of equilibrium outcomes. Our approach provides a new technique for showing existence of equilibrium in economies with a continuum of agents.Tiebout, Clubs, Jurisdictions, F-core, Core-equilibrium equivalence, Edgeworth equivalence, Continuum economies with clubs, Crowding types, Core, Equal treatment core

Evolution & voting : how nature makes us public spirited

We reconsider the classic puzzle of why election turnouts are persistently so high even though formal analysis strongly suggests that rational agents should not vote. If we assume that voters are not making systematic mistakes, the most plausible explanation seems to be that agents receive benefits from the act of voting itself. This is very close to assuming the answer, however, and immediately begs the question of why agents feel a warm glow from participating in the electoral process. In this paper, we approach the question from an evolutionary standpoint. We show for a range of situations, that public-spirited agents have an evolutionary advantage over those who are not as public-spirited. We also explore conditions under which this kind of altruistic behavior is disadvantageous to agents. The details depend on the costs of voting, the degree to which different types of agents have different preferences over public policies and the relative proportions of various preference types in the population, but we conclude that evolution may often be a force that causes agents to internalize the benefits their actions

L'CO/LFIR Relations with CO Rotational Ladders of Galaxies Across the Herschel SPIRE Archive

We present a catalog of all CO (J=4-3 through J=13-12)), [CI], [NII] lines available from extragalactic spectra from the Herschel SPIRE Fourier Transform Spectrometer (FTS) archive combined with observations of the low-J CO lines from the literature and from the Arizona Radio Observatory. This work examines the relationships between LFIR, L'CO, and LCO/LCO(1-0). We also present a new method for estimating probability distribution functions (PDFs) from marginal signal-to-noise ratio Herschel} FTS spectra, which takes into account the instrumental "ringing" and the resulting highly correlated nature of the spectra. The slopes of log(LFIR) vs. log(L'CO) are linear for all mid- to high-J CO lines and slightly sublinear if restricted to (U)LIRGs. The mid- to high-J CO luminosity relative to CO J=1-0 increases with increasing LFIR, indicating higher excitement of the molecular gas, though these ratios do not exceed ~ 180. For a given bin in LFIR, the luminosities relative to CO J=1-0 remain relatively flat from J=6-5 through J=13-12, across three orders of magnitude of LFIR. A single component theoretical photon-dominated region (PDR) model cannot match these flat SLED shapes, though combinations of PDR models with mechanical heating added qualitatively match the shapes, indicating the need for further comprehensive modeling of the excitation processes of warm molecular gas in nearby galaxies.Comment: 17 pages, 4 figures (including appendix), accepted by ApJ. Full tables will be in VizieR upon publication, email first author for tables in the meantim

Granular cell tumour of the tongue in a 17‐year‐old orthodontic patient: a case report

To describe the clinical presentation of a granular cell tumour ( GCT ) in an orthodontic patient, as well as discuss its aetiology and treatment of choice. We present a case of GCT of the tongue in an otherwise healthy 17‐year‐old male patient along with a brief review of literature on GCT s. The lesion was surgically excised and orthodontic treatment was successfully finalised. Clinically, GCTs are indistinguishable from other benign connective tissue and neural tissue neoplasms and may be found in any site, with cases commonly involving the gastrointestinal system, breast and lung. However, over 50% of cases involve the head and neck, with the tongue being the most frequently involved site (65–85% of oral GCTs ). GCTs demonstrate a close anatomical relationship with peripheral nerve fibres and demonstrate the presence of myelin and axon‐like structures thus lending credence to their neural origin. The treatment of choice for GCTs is conservative surgical excision. Because GCTs present with a potential for recurrence, follow‐up is recommended. While the primary focus of orthodontic treatment is the position of the teeth within the orofacial complex, the health and wellness of the patient and his/her surrounding oral tissues always take precedence. This case demonstrates the importance of routine physical examination of the intraoral and extraoral tissues during routine orthodontic care.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/106806/1/ors12055.pd

Global surfaces of section in the planar restricted 3-body problem

The restricted planar three-body problem has a rich history, yet many unanswered questions still remain. In the present paper we prove the existence of a global surface of section near the smaller body in a new range of energies and mass ratios for which the Hill's region still has three connected components. The approach relies on recent global methods in symplectic geometry and contrasts sharply with the perturbative methods used until now.Comment: 11 pages, 1 figur

Incentives and the Effects of Publication Lags on Life Cycle Research Productivity in Economics

We investigate how increases in publication delays have affected the life-cycle of publications of recent Ph.D. graduates in economics. We construct a panel dataset of 14,271 individuals who were awarded Ph.D.s between 1986 and 2000 in US and Canadian economics departments. For this population of scholars, we amass complete records of publications in peer reviewed journals listed in the JEL (a total of 368,672 observations). We find evidence of significantly diminished productivity in recent relative to earlier cohorts when productivity of an individual is measured by the number of AER equivalent publications. Diminished productivity is less evident when number of AER equivalent pages is used instead. Our findings are consistent with earlier empirical findings of increasing editorial delays, decreasing acceptance rates at journals, and a trend toward longer manuscripts. This decline in productivity is evident in both graduates of top thirty and non-top thirty ranked economics departments and may have important implications for what should constitute a tenurable record. We also find that the research rankings of the faculty do not line up with the research quality of their students in many cases.