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The Effect of Offer-of-Settlement Rules on the Terms of Settlement

Bebchuk, Lucian Arye - 2000

Under an offer of settlement' rule, a party to a lawsuit may make a special offer to settle with the other party, such that if the other party rejects this offer, then this offer (unlike an ordinary offer) becomes part of the record in the case and may affect the allocation of litigation costs....

Persistent link: https://www.econbiz.de/10012471084

Producers and Predators

Grossman, Herschel I. - 1999

This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to...

Persistent link: https://www.econbiz.de/10012471640

Costly Capital Reallocation and the Effects of Government Spending

Ramey, Valerie A. - 1999

predictions of a multi-sector neoclassical model. In particular, consumption, real product wages and manufacturing productivity …

Persistent link: https://www.econbiz.de/10012471736

Asset Allocation and Risk Allocation : Can Social Security Improve Its Future Solvency Problem by Investing in Private Securities?

MaCurdy, Thomas E. - 1999

This paper examines the economics of investing the central trust fund of Social Security in private securities. We note that switching from a policy of having the trust fund invest solely in special issue Treasury bonds to one where some of the portfolio holds common stocks amounts to an asset...

Persistent link: https://www.econbiz.de/10012471785

Management and Misallocation in Mexico

Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022

We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...

Persistent link: https://www.econbiz.de/10012938686

Who Cares More? Allocation with Diverse Preference Intensities

Ortoleva, Pietro; Safonov, Evgenii; Yariv, Leeat - National Bureau of Economic Research - 2021

Goods and services---public housing, medical appointments, schools---are often allocated to individuals who rank them similarly but differ in their preference intensities. We characterize optimal allocation rules when individual preferences are known and when they are not. Several insights...

Persistent link: https://www.econbiz.de/10012629428

Reserve System Design for Allocation of Scarce Medical Resources in a Pandemic : Some Perspectives from the Field

Pathak, Parag A.; Persad, Govind; Sönmez, Tayfun; … - National Bureau of Economic Research - 2022

The Covid-19 pandemic has brought renewed attention to rationing guidelines for scarce medical resources. This paper describes the benefits of using a reserve system over a priority system in operationalizing compromises between certain ethical goals. In the last two years, more than a dozen...

Persistent link: https://www.econbiz.de/10013210092

Vaccine Allocation Priorities Using Disease Surveillance and Economic Data

Malani, Anup; Soman, Satej; Ramachandran, Sabareesh; … - National Bureau of Economic Research - 2022

disaggregated, monthly data on consumption during the pandemic. Third, and most importantly, we estimate social demand curves for … comes from improvements in consumption rather than longevity. Moreover, vaccination increases the value of a life year … because it increases consumption. Third, social demand for vaccination falls over time as natural immunity from infections …

Persistent link: https://www.econbiz.de/10012814457

The Allocation of Credit and Financial Collapse

Mankiw, N. Gregory - 1986

This paper examines the allocation of credit in a market in which borrowers have greater information concerning their own riskiness than do lenders. It illustrates (1) the allocation of credit is inefficientand at times can be improved by government intervention, and (2) small changes in the...

Persistent link: https://www.econbiz.de/10012477291

Energy and Resource Allocation : A Dynamic Model of the "Dutch Disease"

Bruno, Michael - 1982

It is well known that a domestic resource discovery gives rise to wealth effects that cause a squeeze of the tradeable good sector of an open economy. The decline of the manufacturing sector following an energy discovery has been termed the "Dutch disease," and has been investigated in many...

Persistent link: https://www.econbiz.de/10012478259

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