Showing 1 - 10 of 518
We use data from a sample of day care centers to estimate the relationships between cost and the quality of the child … development. Taking the estimated cost-quality and revenue-quality relationships as given, we then estimate the objective … functions of the firms and compute the supply function for quality. The results indicate that (1) the estimated cost function is …
Persistent link: https://www.econbiz.de/10012471564
We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risks as the top risk over the next...
Persistent link: https://www.econbiz.de/10012616584
spatially-varied reduction in the cost of communicating across locations. We study the impact of this reform on the production …
Persistent link: https://www.econbiz.de/10013210104
This paper derives the dependency of optimal tariff and inflation tax on tax collection and enforcement costs. The analysis is done for a small, open economy. The existence of such costs can justify tariff and inflation tax policies as optimal revenue-raising devices. This paper suggests that...
Persistent link: https://www.econbiz.de/10012477367
considerations of opportunity cost. Remarks about rights to life, liberty, health, justice and the like are readily inserted into … increase the efficiency if law enforcement. The final section considers some of the normative implications suggested by the …
Persistent link: https://www.econbiz.de/10012479113
time. Back-of-the-envelope estimates of the annual cost in human lives range from $5.33B to $13.24B …
Persistent link: https://www.econbiz.de/10012479307
We propose a model to identify the causes of rising profits and concentration, and declining entry and investment in the US economy. Our approach combines a rich structural DSGE model with cross-sectional identification from firm and industry data. Using asset prices, our model estimates the...
Persistent link: https://www.econbiz.de/10012479562
We use data from the Medical Expenditure Panel Survey (MEPS) for the years 2004 - 2012 to examine the impact of economic shocks on the family's out-of-pocket health care spending burden. We define this burden as the share of family income devoted to out-of-pocket health care spending. In...
Persistent link: https://www.econbiz.de/10012480386
a modest reduction in cost per student, but only for undergraduate instruction. Recent policy efforts to promote …
Persistent link: https://www.econbiz.de/10012480965
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers and costly default. We show that prepayment penalties improve welfare by ensuring longer-term lending contracts, which prevents the mortgage pools from becoming disproportionately...
Persistent link: https://www.econbiz.de/10012462071