Are there returns to political contribution? This paper investigates whether political donation influences regulation in the market for one of the largest asset classes in the U.S.—real estate. Using new data on local campaign donors linked to sellers of new construction in Corelogic, a regression discontinuity design tests whether political contribution purchases regulatory outcomes.…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
