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Before the middle of the nineteenth century most laws enacted in the United States were special bills that granted favors to specific individuals, groups, or localities. This fundamentally inegalitarian system provided political elites with important tools that they could use to reward...
Persistent link: https://www.econbiz.de/10012481595
system, the rise of managed care in the 1990s may affect the relationship between liability reform and defensive medicine. In … this paper, we assess empirically the extent to which managed care and liability reform interact to affect the cost of care …
Persistent link: https://www.econbiz.de/10012471238
Previous research suggests that "direct" reforms to the liability system -- reforms designed to reduce the level of compensation to potential claimants -- reduce medical expenditures without important consequences for patient health outcomes. We extend this research by identifying the mechanisms...
Persistent link: https://www.econbiz.de/10012471241
differences, summarize their consequences, and assess potential strategies of corporate governance reform. We argue that the legal … approach is a more fruitful way to understand corporate governance and its reform than the conventional distinction between …
Persistent link: https://www.econbiz.de/10012471353
As currently legislated, the U.S. Social Security System represents a bad deal for postwar Americans. Of every dollar postwar Americans have earned or will earn over their lifetimes, over 5 cents will be lost to the Old Age Survivor Insurance System (OASI) in the form of payroll taxes paid in...
Persistent link: https://www.econbiz.de/10012471422
This paper presents the first attempt to estimate the benefits of reducing crime using the contingent-valuation (CV) method. We focus on gun violence, a crime of growing policy concern in America. Our data come from a national survey in which we ask respondents referendum-type questions that...
Persistent link: https://www.econbiz.de/10012471621
This paper investigates the impact of financial incentive programs, which have become an increasingly common component of welfare programs. We review experimental evidence from several such programs. Financial incentive programs appear to increase work and raise income (lower poverty), but cost...
Persistent link: https://www.econbiz.de/10012471802
exploiting variation in the effects of the reform on bankruptcy risk across credit-score segments. Using a combination of … administrative records, credit reports, and proprietary market-research data, we find that the reform reduced bankruptcy filings, and …
Persistent link: https://www.econbiz.de/10012480198
study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked …
Persistent link: https://www.econbiz.de/10012480463
The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) is the most important reform of personal … the effects of the reform on bankruptcy, insolvency, and foreclosure, we explore the mechanism generating these responses … and examine the consequences for households. We find that the reform caused a 50% permanent drop in Chapter 7 filings, a …
Persistent link: https://www.econbiz.de/10012480589