, privatization reduces efficiency by about $5,600 per future household despite improved labor supply incentives … at restoring risk sharing, thereby allowing partial privatization to produce efficiency gains of $2,700 per future … face uninsurable risks. We simulate a stylized 50-percent privatization using an overlapping-generations model where …

among top 20 largest cities by population. We estimate the cost savings from privatization and explore the political economy … of why privatization rates are lower in high cost unionized areas. Our analysis finds that the full privatizaton could … result in cost savings of $5.7 billion in 2011 and that the gain in economic efficiency from more closely aligning bus fares …

values efficiency. We show that the effect of performance information not only increases efficiency but is greater when the … gain in efficiency is concentrated in procurement units where buyer belief that the government cares about efficiency is …

, the effect has weakened over time, because the U.S. government has emphasized reduced cost and increased efficiency and …

whether it was a move toward economic efficiency using data from Massachusetts. Medicaid spending will fall, but only a modest … amount ($0.1 billion). The efficiency issue turns mainly on the treatment of health benefits from reduced smoking induced by … the settlement. We conclude that the settlement was a move towards economic efficiency …