This paper investigates whether firms donate to political campaigns in order to influence supply in local housing markets. Using new data on campaign donors of U.S. mayoral candidates and a regression discontinuity design, I uncover three findings. Consistent with political favors, connection to the mayor causes residential development firms to sell more new housing units.…Read More
What is the impact of financing on innovation, and how do entrepreneurs strategically access credit? Innovative ventures need advance financing, but they face unique obstacles to credit access. …Read More
What is the effect of housing supply regulations on innovation? Just as innovation has become increasingly localized, restrictive local building policies are cited as the cause of skyrocketing housing prices in American cities; yet evidence is limited on the effect of such policies. …Read More
