Compensating communities for industrial disamenities: The case of shale gas development
研究利用宾夕法尼亚和俄亥俄州边界政策差异，分析页岩气开发补偿限制如何影响地方投资，发现俄亥俄州学校利用无限制收入增加借贷和资本投资，表明广泛补偿可能更有利于社区。
Abstract Governments often compensate communities for hosting disruptive industries. Sometimes compensation comes with restrictions that preclude highly‐valued investments. I exploit policy discontinuities at the Pennsylvania‐Ohio border to understand how restrictions affect local investment. Ohio delivers unrestricted revenues to schools and municipalities with shale development. Pennsylvania leaves out schools, and requires that municipalities address the industry's impacts. Municipalities in both states save most of the revenues. Ohio schools leverage them to increase borrowing and finance capital investments. This suggests that affected residents have greater demand for school investments, and that broad use of compensation may benefit communities more than allocating it narrowly.