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Self-Selection into Credit Markets : Evidence from Agriculture in Mali

Beaman, Lori A. - 2014

We examine whether returns to capital are higher for farmers who borrow than for those who do not, a direct implication of many credit market models. We measure the difference in returns through a two-stage loan and grant experiment. We find large positive investment responses and returns to...

Persistent link: https://www.econbiz.de/10013048579

Incidence and Environmental Effects of Distortionary Subsidies

Heutel, Garth - 2014

factor prices and on environmental outcomes. We model an output subsidy, a capital subsidy, relief from environmental … regulation, and a direct cash subsidy. In exchange for receiving subsidies, firms must agree to a minimum level of labor … employment. Each type of subsidy and the employment constraint create both output effects and substitution effects on input …

Persistent link: https://www.econbiz.de/10013064267

A General Equilibrium Simulation Study of Subsidies to Municipal Expenditures

Gordon, Roger H.; Slemrod, Joel B. - 2021

In the United States, local government expenditures are heavily subsidized through a variety of sources. This paper explores theoretically and then simulates empirically the effects of eliminating either of two federal subsidies encouraging local government expenditures: (1) income tax...

Persistent link: https://www.econbiz.de/10013223591

General Equilibrium Cost Benefit Analysis of Education and Tax Policies

Heckman, James J.; Lochner, Lance; Taber, Christopher - 2021

This paper formulates and estimates an open-economy overlapping generation general-equilibrium model of endogenous heterogeneous human capital in the form of schooling and on-the-job training. Physical capital accumulation is also analyzed. We use the model to explain rising wage inequality in...

Persistent link: https://www.econbiz.de/10013232148

Banking on the Boom, Tripped by the Bust : Banks and the World War I Agricultural Price Shock

Jaremski, Matthew - 2018

How do banks respond to asset booms? This paper examines i) how U.S. banks responded to the World War I farmland boom; ii) the impact of regulation; and iii) how bank closures exacerbated the post-war bust. The boom encouraged new bank formation and balance sheet expansion (especially by new...

Persistent link: https://www.econbiz.de/10012909502

Sell Low and Buy High : Arbitrage and Local Price Effects in Kenyan Markets

Burke, Marshall - 2018

Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter-temporal arbitrage opportunities, but these opportunities remain largely unexploited: small-scale farmers are commonly observed to "sell low and buy high" rather than the...

Persistent link: https://www.econbiz.de/10012922227

Set-Asides and Subsidies in Auctions

Athey, Susan - 2011

Set-asides and subsidies are used extensively in government procurement and natural resource sales. We analyze these policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of unrestricted sales where we estimate the model, and...

Persistent link: https://www.econbiz.de/10013128845

The Effects of Fiscal Stimulus : Evidence from the 2009 'Cash for Clunkers' Program

Mian, Atif R. - 2010

A key rationale for fiscal stimulus is to boost consumption when aggregate demand is perceived to be inefficiently low. We examine the ability of the government to increase consumption by evaluating the impact of the 2009 "Cash for Clunkers" program on short and medium run auto purchases. Our...

Persistent link: https://www.econbiz.de/10013138317

Insurers' Negotiating Leverage and the External Effects of Medicare Part D

Lakdawalla, Darius N. - 2010

Public financing of private health insurance may generate external effects beyond the subsidized population, by influencing the size and bargaining power of health insurers. We test for this external effect in the context of Medicare Part D. We analyze how Part D-related insurer size increases...

Persistent link: https://www.econbiz.de/10013139556

The Future of the Government Sponsored Enterprises : The Role for Government in the U.S. Mortgage Market

Jaffee, Dwight M. - 2011

This paper analyzes options for reforming the U.S. housing finance system in view of the failure of Fannie Mae and Freddie Mac as government sponsored enterprises (GSEs). The options considered include GSE reform, a range of possible new governmental mortgage guarantee plans, and greater...

Persistent link: https://www.econbiz.de/10013117213

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