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Estimating the Economic Value of Zoning Reform

By Santosh Anagol, Fernando Ferreira, and Jonah Rexer

American Economic Journal: Economic Policy, August 2026

We estimate the economic value of zoning reform in São Paulo, which altered maximum permitted construction along transportation corridors. Developers increased filings for multifamily construction in blocks affected by the reform, leading to more housing...

The Efficiency of Dynamic Electricity Prices

By Andrew J. Hinchberger, Mark R. Jacobsen, Christopher R. Knittel, James M. Sallee, and Arthur A. van Benthem

American Economic Journal: Economic Policy

The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price e...