Bernstein, Asaf and Gustafson, Matthew and Lewis, Ryan, Disaster on the Horizon: The Price Effect of Sea Level Rise (May 4, 2018). Journal of Financial Economics (JFE), Forthcoming. Available at SSRN: https://ssrn.com/abstract=3073842 or http://dx.doi.org/10.2139/ssrn.3073842 – “Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably equivalent unexposed properties equidistant from the beach. This discount has grown over time and is driven by sophisticated buyers and communities worried about global warming. Consistent with causal identification of long horizon SLR costs, we find no relation between SLR exposure and rental rates and a 4% discount among properties not projected to be flooded for almost a century. Our findings contribute to the literature on the pricing of long-run risky cash flows and provide insights for optimal climate change policy.”
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Daily Archives: August 20, 2018
Smart contract legislation updates by state
Via Sagewise [h/t to Joe Hodnicki] – Use this table to see which states have discussed legislation on blockchain or on smart contracts. Continue Reading
Intellectual Property Fair Use For Me, But Not For Thee
Above the Law – Fair use is for everyone and benefits rightholders just as it benefits consumers. “A common misconception about fair use in copyright law is that it is relied upon solely by consumers. The reality, however, is that everyone uses fair use, including large rightholders like movie studios and publishers. Even while rightholders… Continue Reading
Science Under Trump: Voices of Scientists across 16 Federal Agencies (2018)
Union of Concerned Scientists – Center for Science and Democracy – Promoting Scientific Integrity: “A year and a half into the Trump administration, its record on science policy is abysmal: undermining the role of science in decision-making, expanding the influence of regulated industries, excluding public voices, censoring scientists, overriding and dismissing science advice, and hindering… Continue Reading
Training curriculum for Wikipedia + Libraries now available online for library trainers
OCLC and WebJunction: “This training curriculum will help you confidently begin to use, edit, and teach Wikipedia at your library. These materials were created during OCLC’s Wikipedia + Libraries: Better Together project to strengthen ties between US public libraries and English-language Wikipedia. The project ran from December 2016 through May 2018 and was funded by the… Continue Reading
10 charts that sum up 2018 (so far)
Recode – News cycles come and go, but data is forever. It’s still summer and yet 2018 has felt years long. Here’s a look at the year so far — with a focus on tech and business stories — told through charts. Continue Reading
Greater Commitment Needed by Fintech Firms to Ensure Automated Algorithms Protect Against Discrimination in Loan Applications
“Congressman Emanuel Cleaver, II announced today the findings of his investigation into the small business lending practices of Financial Technology (FinTech) companies. Last year, Congressman Cleaver launched an investigation to study the methods that FinTech companies use to protect consumers against discriminatory practices. One of the primary focuses of the survey was the use of… Continue Reading
Inside Trump’s Judicial Takeover
Rolling Stone – How conservative operatives and Senate Republicans are helping the president pack the courts at a record pace: “One evening last November, Don McGahn, the top lawyer in the Trump White House, walked onstage in an opulent ballroom at the Mayflower Hotel in Washington, D.C. He looked out at the audience of several… Continue Reading
Paper – The Effects of Sexism on American Women: The Role of Norms vs. Discrimination
The Effects of Sexism on American Women: The Role of Norms vs. Discrimination. Kerwin Kofi Charles, Jonathan Guryan, and Jessica Pan. August 2018. “We study how reported sexism in the population affects American women. Fixed-effects and TSLS estimates show that higher prevailing sexism where she was born (background sexism) and where she currently lives (residential sexism)… Continue Reading
Facebook opens up to researchers – but not about 2016 election
NBC News – Facebook’s decision is a roadblock for experts who want to examine possible factors behind President Donald Trump’s victory: “Last month, academic researchers got word of a tantalizing offer. Facebook said it would give them a way to study how web addresses are shared on its social network, for the first time opening… Continue Reading
Those Partisan Agencies Spent the Most on Google Ads
Statista: “In an effort to increase transparency, Google disclosed American political groups’ expenses in advertising on its platform in the current election cycle. As our chart shows, organizations affiliated with both parties spend huge amounts of money to advertise their policies. Within the top 10 one can find six organizations with a direct link or… Continue Reading
WSJ – What Your Car Knows About You
Auto makers are figuring out how to monetize drivers’ data [paywall]: “Car makers are collecting massive amounts of data from the latest cars on the road. Now, they’re figuring out how to make money off it. With millions of cars rolling off dealer lots with built-in connectivity, auto companies are gaining access to unprecedented amounts… Continue Reading
