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DellaVigna, Stefano - 2010

Illegal arms are responsible for thousands of deaths in civil wars every year. Yet, their trade is very hard to detect. We propose a method to statistically detect illegal arms trade based on the investor knowledge embedded in financial markets. We focus on eight countries under UN arms embargo...

Persistent link: https://www.econbiz.de/10012759887

Cigarette Excise Taxation : The Impact of Tax Structure on Prices, Revenues, and Cigarette Smoking

Chaloupka, Frank J. - 2010

The main purpose of this study is to provide empirical evidence on the effects of the cigarette excise tax structure on three outcomes: cigarette prices, government revenues, and cigarette consumption. We composed cross-sectional time-series data for 21 EU countries from year 1998 to 2007 from...

Persistent link: https://www.econbiz.de/10013139133

Financial Literacy, Information, and Demand Elasticity : Survey and Experimental Evidence from Mexico

Hastings, Justine S. - 2010

We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...

Persistent link: https://www.econbiz.de/10012758108

Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales

Calomiris, Charles W. - 2010

contrast to the quot;privatization premiumquot; found in earlier work, we find a negative effect of government ownership on …, suggesting that personal ties can substitute for the benefits of government ownership. The quot;privatization discountquot; is … with relatively high welfare payments to employees, which presumably would fall with privatization, benefit …

Persistent link: https://www.econbiz.de/10012759554

Testing Limits to Policy Reversal : Evidence from Indian Privatizations

Dastidar, Siddhartha - 2010

We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP … slated for definite privatization by the BJP dropped by 3.5 percent relative to private firms. Surprisingly, government …-controlled companies that were only under study for possible privatization fell by 7.5 percent relative to private firms. We interpret this …

Persistent link: https://www.econbiz.de/10012759805

Contracting for Government Services : Theory and Evidence from U.S. Cities

Levin, Jonathan - 2010

Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this quot;make-or-buyquot; choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a...

Persistent link: https://www.econbiz.de/10012759893

Selling Company Shares to Reluctant Employees : France Telecom's Experience

Degeorge, Francois - 2010

In 1997, France Tsbquo;lsbquo;com, the state-owned French telephone company, went through a partial privatization. The …

Persistent link: https://www.econbiz.de/10012763327

The Private and External Costs of Germany's Nuclear Phase-Out

Jarvis, Stephen - 2019

Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk of nuclear accidents. This paper examines the impact of the shutdown of roughly half of the nuclear production capacity in Germany after the Fukushima accident in 2011. We use...

Persistent link: https://www.econbiz.de/10012857668

Valuing Private Equity Strip by Strip

Gupta, Arpit - 2019

We propose a new valuation method for private equity investments. First, we construct a cash-flow replicating portfolio for the private investment, applying Machine Learning techniques on cash-flows on various listed equity and fixed income instruments. The second step values the replicating...

Persistent link: https://www.econbiz.de/10012858406

Do Private Prisons Affect Criminal Sentencing?

Dippel, Christian - 2019

Using a newly constructed complete monthly panel of private and public state prisons, we ask whether private prisons impact judges' sentencing decisions in their state. We employ two identification strategies, a difference-in-difference strategy comparing court-pairs that straddle state-borders,...

Persistent link: https://www.econbiz.de/10012889061