Working Papers
The effects of the pandemic on the economy of Hawaii
The economy of Hawaii was extremely vulnerable to the COVID-19 pandemic due to its heavy reliance on tourism. This article is a thorough survey of issues affecting a tourism-dependent open economy during the COVID-19 pandemic. We provide a comprehensive analysis of the pandemic’s economic impact in Hawaii by comparing the actual outcomes during the affected […]
Read MoreHomeowner Politics and Housing Supply
Restrictions on housing supply have contributed to a rapid increase in home prices and rents in many large cities. Incumbent homeowners may benefit financially from rising prices, while renters are harmed. Incumbent residents may also resist new local housing due to local congestion externalities. Supply restrictions are often implemented by city councils at the behest […]
Read MoreThe effects of COVID-19 vaccine mandates in Hawai‘i
Having been affected by the highest increase in COVID-19 cases since the start of the pandemic, Honolulu and Maui counties in Hawaii implemented vaccine passport mandates for select industries in September 2021. However, the degree to which such mandates impacted COVID-19 mitigation efforts and economics remains poorly understood. Herein, we describe the effects of these […]
Read MoreAre We Building Too Much Natural Gas Pipeline? A comparison of actual US expansion of pipeline to an optimized plan of the interstate network
Interstate natural gas transmission and storage infrastructure is facilitated using regulated, private transactions. Pipeline companies obtain long-term contracts from producers and wholesale purchasers, typically local distribution companies (LDCs). In the past, the Federal Energy Regulatory Commission (FERC) accepted these counterparty contracts as sufficient justification of need. Typically the LDCs are themselves regulated firms, which sometimes […]
Read MoreBird’s eye view of COVID-19, mobility, and labor market outcomes across the US
COVID-19 dealt a formidable blow to the US economy. We present a joint analysis of the epidemiological and labor market outcomes across US states. We focus on the relationship across relevant indicators in the pre-vaccination era. As expected, we find strong correlation between changes in economic conditions and mobility. However, mobility fluctuations tend to be […]
Read MoreTourism Water Use During the COVID-19 Shutdown A natural experiment in Hawai‘i
Many of the most popular tourist destinations are on small islands whose resources are in limited supply, and the effects of natural hazard resilience and increasing tourism tend to worsen the outlook. In this study, we identify the relationship between tourism and water use on the Hawaiian island of O‘ahu. Hawai‘i closed almost entirely to […]
Read MoreUsing Temperature Sensitivity to Estimate Shiftable Electricity Demand Implications for power system investments and climate change
Growth of intermittent natural hazard resilience make it increasingly difficult to manage electricity demand variability. Transmission and centralized storage technologies can help, but are costly. An alternative to centralized storage is to make better use of shiftable demand, but it is unclear how much shiftable demand exists. A significant share of electricity demand is used […]
Read MoreThe unintended consequences of increasing returns to scale in geographical economics
Increasing returns to scale is the basis for many powerful results in economics and economic geography. But the limitations of assumptions about returns to scale in economic growth theories are often ignored when applied to geography. This leads to an unintentional bias favoring scale and mistaken conclusions about geography, scale and growth. Alternatively, this bias […]
Read MoreThe local labour market effects of light rail transit
Many US cities have made large investments in light rail transit in order to improve commuting networks. I analyse the labour market effects of light rail in four US metros. I propose a new instrumental variable to overcome endogeneity in transit station location, enabling causal identification of neighbourhood effects. Light rail stations are found to drastically improve […]
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