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When Can Public Policy Makers Rely on Private Markets? The Effective Provision of Social Services
Blank, Rebecca M. - 1999
The privatization of social services is being increasingly discussed. The social services market is characterized by multiple market failures, including informational asymmetries, agency problems, externalities, and distributional concerns. Consumers may care as much or more about quality of...
Persistent link: https://www.econbiz.de/10012471699
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The Ramsey Problem for Congestible Facilities
Arnott, Richard - 1994
In recent years, a new set of models drawing on Vickrey [1969] has been developed to analyze the economics of congestible facilities. These models are structural in that they derive the cost function from consumers' time-of-use decisions and the congestion technology. Standard models, in...
Persistent link: https://www.econbiz.de/10012474202
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Quality of Public Governance and the Capital Structure of Nations and Firms
Wei, Shang-Jin - 2018
liabilities and the capital structure of firms. In our theory, better institutional quality tends to promote a higher share of …
Persistent link: https://www.econbiz.de/10012453529
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Privatization and nationalization cycles
Chang, Roberto - 2009
"This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10011394323
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Privatization and Nationalization Cycles
Chang, Roberto - 2010
This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10012462530
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Who Should Own and Control Urban Water Systems? Historical Evidence from England and Wales
Beach, Brian - 2016
Nearly 40% of England's privately built waterworks were municipalised in the late 19th century. We examine how this affected public health by pairing annual mortality data for over 600 registration districts, spanning 1869 to 1910, with detailed waterworks information. Identification is aided by...
Persistent link: https://www.econbiz.de/10012456126
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The Costs and Benefits of Clan Culture : Elite Control versus Cooperation in China
Chen, Shuo; Fisman, Raymond; Lan, Xiaohuan; Wang, Yongxiang - National Bureau of Economic Research - 2024
Kinship ties are a common institution that may facilitate in-group coordination and cooperation. Yet their benefits - or lack thereof - depend crucially on the broader institutional environment. We study how the prevalence of clan ties affect how communities confronted two well-studied...
Persistent link: https://www.econbiz.de/10014544693
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Coups, Corporations, and Classified Information
Dube, Arindrajit - 2011
We estimate the impact of coups and top-secret coup authorizations on asset prices of partially nationalized multinational companies that stood to benefit from US-backed coups. Stock returns of highly exposed firms reacted to coup authorizations classified as top-secret. The average cumulative...
Persistent link: https://www.econbiz.de/10012461705
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Social Finance
Kuchler, Theresa - 2020
We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...
Persistent link: https://www.econbiz.de/10012482193
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The Impact of Child Care Subsidies on Child Well-Being : Evidence from Geographic Variation in the Distance to Social Service Agencies
Herbst, Chris M. - 2010
In recent years, child care subsidies have become an integral part of federal and state efforts to move economically disadvantaged parents from welfare to work. Although previous empirical studies consistently show that these employment-related subsidies raise work levels among this group,...
Persistent link: https://www.econbiz.de/10012462405