Models of Equilibrium Sorting
Date:
02/09/2014
Organised by:
University of Bristol and SWDTC
Presenter:
Christopher Timmins (Duke University)
Level:
Intermediate (some prior knowledge)
Contact:
Paul Warren - paul.warren@bristol.ac.uk
Description:
Households “sort” across neighbourhoods according to their income, wealth, preferences for public goods and amenities, socio-demographic characteristics, and work location. Workers similarly sort across jobs according to their qualifications and preferences for job attributes. In some contexts, residential choice has a direct impact on work, schooling, and opportunities for social interactions. While they can apply to many different contexts, sorting models have grown largely out of the work of Tiebout (1956), and often apply to residential decisions and the numerous impacts that those decisions can have. Sorting models can integrate descriptions of how local public goods and amenities are generated, estimate how they affect decision making and, in turn, predict how they will be affected by future policies targeting prices or quantities. Sorting models can furthermore predict how equilibrium prices and quantities will be affected by such policies. All of these sorting processes can have important implications for a wide array of socioeconomic outcomes. This one-day lecture course will provide an introduction to these models.
Cost:
Attendance is free, but participants will be expected to register and to make their own arrangements to cover travel costs and lunch.
Website and registration:
http://www.efm.bris.ac.uk/ecjrwt/equilibriumsortingworkshoptimmins.pdf
Region:
South West
Keywords:
Behavioural Research, Quantitative Approaches (other)
Related publications and presentations:
Behavioural Research
Quantitative Approaches (other)