Showing 1 - 10 of 39
The United States aspires to use information from comparative effectiveness research (CER) to reduce waste and contain costs without instituting a formal rationing mechanism or compromising patient or physician autonomy with regard to treatment choices. With such ambitious goals, traditional...
Persistent link: https://www.econbiz.de/10013068360
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism …-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of …
Persistent link: https://www.econbiz.de/10013069257
Rugged individualism—the combination of individualism and anti-statism—is a prominent feature of American culture with … deep roots in the country's history of frontier settlement. Today, rugged individualism is more prevalent in counties with … greater total frontier experience (TFE) during the era of westward expansion. While individualism may be conducive to …
Persistent link: https://www.econbiz.de/10012823758
The functioning and well-being of any society and organization critically hinges on norms of cooperation that regulate social activities. Empirical evidence on how such norms emerge and in which environments they thrive remains a clear void in the literature. To provide an initial set of...
Persistent link: https://www.econbiz.de/10013052112
We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy earlier...
Persistent link: https://www.econbiz.de/10013023685
Jackson Turner famously argued that the American frontier fostered individualism. We investigate the Frontier Thesis and … demographics and greater individualism. Long after the closing of the frontier, counties with greater TFE exhibit more pervasive … individualism and opposition to redistribution. This pattern cuts across known divides in the U.S., including urban–rural and north …
Persistent link: https://www.econbiz.de/10013218964
We study the correlation between a belief concerning individualism and a measure of luck in the US during the period … individualism. We provide three short models that help interpret this correlation. One implication of this finding is that societies …
Persistent link: https://www.econbiz.de/10012753262
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities,...
Persistent link: https://www.econbiz.de/10013119039
Cap and trade programs have considerable heterogeneity in permit validity and compliance timing. For example, permits have different validity across time (e.g., banking, borrowing, and seasons) and space (e.g., zonal restrictions), and compliance timing can be annual, in overlapping cycles, or...
Persistent link: https://www.econbiz.de/10013106300
While time-varying retail electricity pricing is very popular with economists, that support is not matched among regulators and consumers. Many papers have been written estimating and extolling the societal benefits of time-varying rates -- especially dynamic rates that change on a day's notice...
Persistent link: https://www.econbiz.de/10013107017