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Seeing and Hearing : The Impacts of New York City’s Universal Pre-Kindergarten Program on the Health of Low-Income Children

Hong, Kai - 2019

We examine the effect of New York City's universal pre-kindergarten program (UPK) on the health and utilization of children enrolled in Medicaid using a difference-in-regression- discontinuities design. We find that UPK increases the probability that a child is diagnosed with asthma or with...

Persistent link: https://www.econbiz.de/10012902107

A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market

Graddy, Kathryn; Hall, George J. - 2010

We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...

Persistent link: https://www.econbiz.de/10014046479

Fundamentally, Momentum is Fundamental Momentum

Novy-Marx, Robert - 2015

Momentum in firm fundamentals, i.e., earnings momentum, explains the performance of strategies based on price momentum …. Earnings surprise measures subsume past performance in cross sectional regressions of returns on firm characteristics, and the … time-series performance of price momentum strategies is fully explained by their covariances with earnings momentum …

Persistent link: https://www.econbiz.de/10013027261

The Buck Stops Where? The Distribution of Agricultural Subsidies

Goodwin, Barry K. - 2015

The U.S. has a long history of providing generous support for the agricultural sector. A recent omnibus package of farm legislation, the 2008 Farm Bill (P.L. 110-246) will provide in excess of $284 billion in financial support to U.S. agriculture over the 2008-2012 period. Commodity program...

Persistent link: https://www.econbiz.de/10013038333

A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market

Graddy, Kathryn - 2015

Persistent link: https://www.econbiz.de/10013039486

The Margins of Global Sourcing : Theory and Evidence from U.S. Firms

Antràs, Pol - 2014

We develop a quantifiable multi-country sourcing model in which firms self-select into importing based on their productivity and country-specific variables. In contrast to canonical export models where firm profits are additively separable across destination markets, global sourcing decisions...

Persistent link: https://www.econbiz.de/10013039758

The Exorbitant Tax Privilege

wright, tom - 2018

We estimate and attempt to explain the evolution of the taxes paid by U.S. multinationals on their foreign profits since 1966. In the oil sector, taxes paid to oil-producing States have been contained, allowing U.S. firms to earn high after-tax returns. Foreign taxes fell abruptly after the...

Persistent link: https://www.econbiz.de/10012911498

Endogenous Appropriability

Gans, Joshua - 2019

The appropriability of innovation depends not only on the instruments available to an innovator to protect private returns, but how those instruments interact with each other as part of the firm's entrepreneurial strategy. We consider the interplay between two appropriability mechanisms...

Persistent link: https://www.econbiz.de/10012902312

Wages, Profits and Rent-Sharing

Blanchflower, David G.; Oswald, Andrew J.; Sanfey, Peter - 2021

The paper uses CPS data from 1964 to 1985 to test for the existence of rent-sharing in US tabor markets, Using an unbalanced panel from the manufacturing sector, and random-effects and fixed-effects specifications, the paper finds that changes in wages are explained by movements in lagged levels...

Persistent link: https://www.econbiz.de/10013219306

Nonprofit Production and Competition

Lakdawalla, Darius; Philipson, Tomas J. - 2021

Industries in which private nonprofit production is present and significant, such as health care and education, account for more than one-fifth of US economic activity. This paper argues that previous analysis of nonprofits has not separated profit-deviating preferences from the state-defined...

Persistent link: https://www.econbiz.de/10013224865