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Articles by Erik Craft
An Analysis of the Effects of Vehicle Property Taxes on Vehicle Demand
DOI 10.17310/ntj.2005.4.05open_in_new Abstract Vehicle personal property taxes recently existed in 31 states. Using data collected during the phaseout of the tax in Virginia, we analyze the effect of differing tax rates on the personal vehicle count and value data in 134 locales. We find that each increase in the effective property tax of one percentage point leads to a reduction in vehicular capital of over 5 percent.
"The Value of Weather Information Services for Nineteenth-Century Great" by Erik D. Craft
Abstract The U.S. government established a national weather organization in 1870. Changes in Great Lakes cargo and hull losses, and shipping rates from Chicago to Buffalo, provide evidence of the value of storm warnings on the Great Lakes. Nearly half of the Great Lakes storm-warning stations were closed during the fall of 1883 because of appropriations reductions. This exogenous shock permits the econometric estimation of the value of storm-warning locations on the Great Lakes.
Some Math and Economics Related to Race and Education
The Supreme Court recently ruled that race could not be used in determining admissions at colleges and universities. The case pitted the values of diversity and righting past injustices against the value of equal treatment for individuals in equal circumstances. Rather than to discuss how to balance those values, I offer observations about the ruling’s implications and an alternative approach to improve educational opportunities for those from historically disadvantaged groups.
Erik Craft column: How an economist thinks about economic policy
Erik Craft column: How an economist thinks about economic policy 1 of 2 In February, members of the state Senate Finance and Appropriations committee debated a measure to raise the minimum wage to $10 per hour. As we approach another general election and political parties share their platforms, it is worth reminding voters what economists do.
Learning Effects of the Flipped Classroom in a Principles of Microeconomics Course Running Header: Flipped Principles of Micro
Home > Business > Economics > Economics Faculty Publications > 64 Authors Erik Craft, University of RichmondFollow Maia K. Linask, University of RichmondFollow DOI 10.1080/00220485.2019.1687372 Abstract The authors of this article estimate the learning effects of the flipped classroom format using data from 16 sections of principles of microeconomics over a 4-year period.
Erik Craft column: Are Walmart and Amazon being subsidized by taxpayers?
By Erik CraftDuring the past few months, some of my smart progressive friends have claimed that large firms that hire low-skilled workers are being subsidized by the federal government. First it was Walmart; then it was Amazon. The argument is that many of their workers qualify for food stamps and other welfare, and, therefore, these firms are actually costing taxpayers money.The logic seems obvious. If the firms paid higher wages, then the workers would not qualify for as much assistance.
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