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Tobacco Regulation and Cost-Benefit Analysis : How Should We Value Foregone Consumer Surplus?
Levy, Helen - 2016
Recent tobacco regulations proposed by the Food and Drug Administration have raised a thorny question: how should the cost-benefit analysis accompanying such policies value foregone consumer surplus associated with regulation-induced reductions in smoking? In a model with rational and fully...
Persistent link: https://www.econbiz.de/10012985942
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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/10013141855
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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
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The Proper Scope of Government : Theory and an Application to Prisons
Hart, Oliver; Shleifer, Andrei; Vishny, Robert W. - 2021
effect on non-contractible quality. The model is applied to understanding the costs and benefits of prison privatization …
Persistent link: https://www.econbiz.de/10013240524
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Can Amputation Save the Hospital? The Impact of the Medicare Rural Flexibility Program on Demand and Welfare
Gowrisankaran, Gautam - 2013
This paper seeks to understand the impact of the Medicare Rural Hospital Flexibility (Flex) Program on hospital choice and consumer welfare for rural residents. The Flex Program created a new class of hospital, the Critical Access Hospital (CAH), which receives more generous Medicare...
Persistent link: https://www.econbiz.de/10013085121
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The Simple Economics of Salience and Taxation
Chetty, Raj - 2010
This paper derives empirically implementable formulas for the incidence and efficiency costs of taxation that account for tax salience effects as well as other optimization errors. Contrary to conventional wisdom, the formulas imply that the economic incidence of a tax depends on its statutory...
Persistent link: https://www.econbiz.de/10013151369
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Evaluating Welfare with Nonlinear Prices
Reiss, Peter C. - 2006
This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...
Persistent link: https://www.econbiz.de/10012779746
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Assessing the Gains from E-Commerce
Dolfen, Paul - 2019
E-Commerce represents a rapidly growing share of consumer spending in the U.S. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus. We estimate that E-Commerce spending reached 8% of consumption by 2017,...
Persistent link: https://www.econbiz.de/10012891324
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The Welfare Effects of Social Media
Allcott, Hunt - 2019
The rise of social media has provoked both optimism about potential societal benefits and concern about harms such as addiction, depression, and political polarization. In a randomized experiment, we find that deactivating Facebook for the four weeks before the 2018 US midterm election (i)...
Persistent link: https://www.econbiz.de/10012893528
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Measuring the Welfare Gain from Personal Computers : A Macroeconomic Approach
Greenwood, Jeremy - 2010
The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...
Persistent link: https://www.econbiz.de/10012759702