view that securitization caused a reduction in the cost of capital …

prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …

crime drop can be sustained. State and local revenue shortfalls have engendered intense interest in cost-cutting measures …) suggests that the decision to commit crime involves a weighing of both benefits and costs, implying that both tough and soft …

cost: a gas tax and an optimal weight varying mileage tax. Comparing these options, we find that the cost is similar for …

The conventional model for the use of cost effectiveness analysis for health programs involves determining whether the … cost per unit of effectiveness of the program is better than some socially determined maximum acceptable cost per unit of … effectiveness. If a program is better, the policy implication is that it should be implemented by full coverage of its cost by …

use of the negligence rule is triggered by harm, the rule enjoys an intrinsic enforcement cost advantage over regulation …

plans that are ex post optimal with respect to total cost (premiums and co-payments). Relative to the benchmark of a static … reconcile with decision costs alone; it appears that unless a sizeable fraction of consumers value plan features other than cost …

This paper estimates the sensitivity of students' college application decisions to a small change in the cost of … ACT-takers sent more college applications and low-income ACT-takers attended more selective colleges after the cost change …. The first strategy compares ACT-takers before and after the cost change, controlling for time trends and covariates, and …