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How does Risk Selection Respond to Risk Adjustment? Evidence from the Medicare Advantage Program
Brown, Jason - 2011
Governments often contract with private firms to provide public services such as health care and education. To decrease …
Persistent link: https://www.econbiz.de/10012461681
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Fiscal Policy and Macroeconomic Uncertainty in Developing Countries : The Tale of the Tormented Insurer
Mendoza, Enrique G. - 2006
Governments in emerging markets often behave like a "tormented insurer," trying to use non-state-contingent debt instruments to avoid cuts in payments to private agents despite large fluctuations in public revenues. In the data, average public debt-GDP ratios decline as the variability of...
Persistent link: https://www.econbiz.de/10012466076
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The Distribution of Congressional Spending During the American Revolution, 1775-1780 : The Problem of Geographic Balance
Grubb, Farley - 2008
Resources to fight the War for Independence from Great Britain (1775-1783) were to be provided to the U.S. Congress by the individual states based on each state's population share in the united colonies. Congressional spending, however, largely flowed to where the theater of war was located....
Persistent link: https://www.econbiz.de/10012464382
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Special Interest Groups and the Allocation of Public Funds
Singhal, Monica - 2006
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...
Persistent link: https://www.econbiz.de/10012466632
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Colonial New Jersey's Provincial Fiscal Structure, 1709-1775 : Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace
Grubb, Farley - 2015
The spending obligations and revenue sources of colonial New Jersey's provincial government for the years 1704 through 1775 are reconstituted using forensic accounting techniques from primary sources. Such has not been done previously for any British North American colony. These data are used to...
Persistent link: https://www.econbiz.de/10012457514
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Russia's Fiscal Gap
Goryunov, Eugene - 2013
Every country faces what economists call an intertemporal (across time) budget constraint, which requires that its government's future expenditures, including the servicing of its outstanding official debt, be covered by its government's future receipts when measured in present value. The...
Persistent link: https://www.econbiz.de/10012459053
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Public Debt Through the Ages
Eichengreen, Barry - 2019
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...
Persistent link: https://www.econbiz.de/10012479450
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A Cross-Country Study of Growth, Saving, and Government
Barro, Robert J. - 1989
Models of endogenous economic growth can generate long-term growth without relying on exogenous changes in technology or population. A general feature of these models is the presence of constant or increasing returns in the factors that can be accumulated. I use some models of this type to study...
Persistent link: https://www.econbiz.de/10012476201
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How Wide is the Scope of Hold-Up-Based Theories? Contractual Form and Market Thickness in Trucking
Hubbard, Thomas N. - 1999
How far do the contractual implications of hold-up-based theories (Klein, Crawford, and Alchian (1978), Williamson (1979, 1985)) extend? I investigate this in the context of trucking. Quasi-rents in trucking are generally smaller than in the contexts studied in the previous empirical literature....
Persistent link: https://www.econbiz.de/10012471437
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The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements : Theory and Evidence
Libecap, Gary D. - 1999
-term contracts. We argue that only if the parties to a unitization contract have unit production shares that are the same as their … cost shares will the contract be incentive compatible. Using a data base of sixty unit operating agreements, we measure the … desirable contract rules for avoiding moral hazard. It also shows how the effects of those rules can be replicated in difficult …
Persistent link: https://www.econbiz.de/10012471652