Endogenous financing of the universal service

We address the question of endogenous financing of the Universal Service Obligations and we compare it with the exogenous financing. A fund is created and fed through a tax firms pay. We show that the way these funds are implemented by the current regulatory regimes at work goes against the social welfare. We propose a new way of implementing the fund that improves welfare. Moreover, we challenge the proportionality payment principle as it leads to lower welfare

LP-based Covering Games with Low Price of Anarchy

We present a new class of vertex cover and set cover games. The price of anarchy bounds match the best known constant factor approximation guarantees for the centralized optimization problems for linear and also for submodular costs -- in contrast to all previously studied covering games, where the price of anarchy cannot be bounded by a constant (e.g. [6, 7, 11, 5, 2]). In particular, we describe a vertex cover game with a price of anarchy of 2. The rules of the games capture the structure of the linear programming relaxations of the underlying optimization problems, and our bounds are established by analyzing these relaxations. Furthermore, for linear costs we exhibit linear time best response dynamics that converge to these almost optimal Nash equilibria. These dynamics mimic the classical greedy approximation algorithm of Bar-Yehuda and Even [3]

Owners of developed land versus owners of undeveloped land: why land use is more constrained in the Bay Area than in Pittsburgh

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints are interpreted as shadow taxes that increase the land rent of already developed plots and reduce the amount of new housing developments. In general equilibrium, locations with nicer amenities are more developed and, as a consequence, more regulated. We test our model predictions by geographically matching amenity, land use, and historical Census data to metropolitan area level survey data on regulatory restrictiveness. Following the predictions of the model, we use amenities as instrumental variables and demonstrate that metropolitan areas with better amenities are more developed and more tightly regulated than other areas. Consistent with theory, metropolitan areas that are more regulated also grow more slowly

"Soft-Budget Constraints and Local Expenditures"

This paper investigates how the soft budget constraint with grants from the central government to local governments tends to exaggerate inefficient local expenditures. We first develop a theoretical model, which explains soft budget problem in a multi-government setting. We then show that in Japan's case local governments implemented inefficient public investments and hence the bad outcome of soft budget problem occurred in the 1990s.

Newmarket Open Space Conservation Plan

Open spaces – forests, fields, wetlands, floodplains, salt marshes, rivers and streams – are integral to our community. These lands and waters that thread through our neighborhoods are a scenic reminder of our history, when people made their living by working the land. Yet we still depend on these open spaces for our health and our wellbeing. These places provide many “services” such as clean air, flood control, filtering pollutants and purifying drinking water, natural pest control, plant pollination, cooler summer temperatures, and areas for relaxing, exercising and recreating. Collectively these can be thought of as a “natural services network” – a minimum framework or backbone of open spaces that offer these services to all of us regardless of age, income, or points of view. New Hampshire is transforming from a largely rural state to a mostly urban and suburban one. This trend will continue at a rapid pace as the State is expected to grow by 358,000 people (or more than 28%) from 2000 to 2025. Most of this growth will occur in the four southeastern counties, with the Town of Newmarket in the heart of this growth area. The major land use trends include loss of unfragmented forestland, lack of protected lands around public water supplies and aquifers, and loss of intact wetlands and wildlife habitat (SPNHF 2005). Many communities, including the residents of Newmarket, have acknowledged these changes and the need to conserve special places and ecosystems by supporting land use planning tools, natural resource inventories, conservation funds, and stewardship of lands. Since 2001, 83 New Hampshire towns have passed open space bond issues or appropriated funds for land acquisition worth more than $135 million (NH Center for Land Conservation Assistance). In 2002, Newmarket residents overwhelmingly passed a$2 million land acquisition bond. Landowners in our community have generously donated interest in land or easements to ensure that conservation values are protected in perpetuity. This support for land and water conservation that benefits all of us is a tribute to the community land ethic in our region. The Town of Newmarket boasts a rich diversity of natural habitats and associated plants and animals. The Lamprey and Piscassic Rivers, Great Bay Estuary, and Tuttle Swamp, to name just a few, all contribute to the sense of place and allure of the town (Map 1). Balancing the preservation of open space with responsible development, long maintained as a priority by Newmarket citizens, business owners and town officials, is necessary, as growth and all its requisite accompaniments present increasing challenges. Recent concerns about the availability of drinking water for Newmarket residents and businesses as well as the floods of 2006 reflect these challenges. As Newmarket continues to grow, so will concern over loss of natural areas, recreational opportunities, and the quality of life that residents have long enjoyed. Maintaining a network of rivers and wetlands, forests and fields throughout Newmarket for the health of the land and people requires vision, support, and action. In 1991, the Town of Newmarket hired the Smart Associates to prepare a Natural Resource Inventory and Conservation Plan. This was the beginning of efforts by the Conservation Commission to conserve important lands identified in the “Smart Report.” In the fifteen years that have elapsed since the Smart Report, Newmarket has undergone many changes, highlighting the need to revisit the current state of natural resources within the community. The Open Space Commission and Conservation Commission have led recent efforts to identify and protect conservation and recreation areas. The Planning Board and staff have led in creating effective land use planning tools that conserve open spaces while allowing orderly and thoughtful development. Together, Newmarket Open Space Conservation Plan Page 7 of 94 these boards applied for a grant from the NH Estuaries Project (NHEP) Technical Assistance Program in 2006 to develop an Open Space Plan. The NHEP awarded the grant of $6,200 to Ibis Wildlife Consulting to work with the Town of Newmarket to prepare this Plan

Tax co-ordination and the enlargement of the European Union

In this paper the concept of tax co-ordination within the European Union (EU) is discussed, in view of the coming enlargement of the EU. The tax externalities that possibly arise in a single market are analysed, as well as the ways these externalities can be prevented or internalised. These theoretical reflections are placed alongside the actual system of tax co-ordination within the EU. Focusing on VAT and corporate taxation, the implications of enlargement of the EU for the tax co-ordination issue are discussed

Hotel Tax Collections and a Local Mega-Event

Cities compete for the opportunity to host events that draw large crowds of visitors. The argument is that these visitors bring with them lots of spending in hotels and restaurants, providing jobs for workers in the service industry, and generating sales tax revenues for the city. In many places, there is also a separate tax on hotel and motel accommodations. Indeed, taxes on accommodations are one example of jurisdictions exporting their tax burdens, as people who pay the accommodations taxes are visitors. This paper looks for the beneficial impact of a megaevent by focusing on the accommodations tax collections in and around the jurisdiction that hosts the event.sports, South Carolina, NASCAR, college football, tourism

Tax Shell Game: How Much Did Offshore Tax Havens Cost You in 2010?

Provides an overview of corporations' and individuals' use of offshore tax havens and its impact on government revenue and services. Makes policy recommendations including tightening rules for U.S. multinational corporations and revising tax treaties