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Stambaugh, Robert F. - 2019

Greater skill of active investment managers can mean less fee revenue in a general equilibrium. Although more-skilled managers earn more revenue than less-skilled managers, greater skill for active managers overall can imply less revenue for their industry. Greater skill allows managers to...

Persistent link: https://www.econbiz.de/10012479976

Can You Get What You Pay For? Pay-For-Performance and the Quality of Healthcare Providers

Mullen, Kathleen J. - 2009

Despite the popularity of pay-for-performance (P4P) among health policymakers and private insurers as a tool for improving quality of care, there is little empirical basis for its effectiveness. We use data from published performance reports of physician medical groups contracting with a large...

Persistent link: https://www.econbiz.de/10012463761

Rebate Rules in Threshold Public Good Provision

Spencer, Michael A. - 2008

This paper considers how six alternative rebate rules affect voluntary contributions in a threshold public-good experiment. The rules differ by (1) whether an individual can receive a proportional rebate of excess contributions, a winner-takes-all of any excess contributions, or a full rebate of...

Persistent link: https://www.econbiz.de/10012464089

The Effect of Taxes on Royalties and the Migration of Intangible Assets Abroad

Mutti, John H. - 2007

in earnings and profits than in royalties. Cost sharing payments from affiliates in Ireland and from pure tax havens … strategy was particularly encouraged by the U.S. adoption of "check-the-box" regulations in 1997. Rather than receive royalties … response by US corporations in utilizing this strategy. BEA data indicate affiliate earnings and profits grew more rapidly than …

Persistent link: https://www.econbiz.de/10012465404

College Cost and Time to Complete a Degree : Evidence from Tuition Discontinuities

Garibaldi, Pietro - 2007

Many students enrolled in academic programs around the world take longer to obtain a degree than the normal completion time while college tuition is typically constant during the years of enrollment. In particular, it does not increase when a student remains in a program beyond the normal...

Persistent link: https://www.econbiz.de/10012465793

The Welfare Consequences of ATM Surcharges : Evidence from a Structural Entry Model

Gowrisankaran, Gautam - 2006

, increases consumer welfare by about 35 percent and lowers producer profits by about 20 percent. Total welfare remains about the …

Persistent link: https://www.econbiz.de/10012466221

Fees on Fees in Funds of Funds

Brown, Stephen J. - 2003

Funds of funds are an increasingly popular avenue for hedge fund investment. Despite the increasing interest in hedge funds as an alternative asset class, the high degree of fund specific risk and the lack of transparency may give fiduciaries pause. In addition, many of the most attractive hedge...

Persistent link: https://www.econbiz.de/10012469239

The Business of City Hall

Ahern, Kenneth R. - National Bureau of Economic Research - 2021

Compared to the federal government, the average citizen in the U.S. has far greater interaction with city governments, including policing, health services, zoning laws, utilities, schooling, and transportation. At the regional level, it is city governments that provide the infrastructure and...

Persistent link: https://www.econbiz.de/10012533354

On the Regulation of Fee Structures in Mutual Funds

Das, Sanjiv Ranjan - 1998

We offer an alternative framework for the analysis of mutual funds and use it to examine the rationale behind existing regulations that require mutual fund advisor fees to be of the fulcrum' variety. We find little justification for the regulations. Indeed, we find that asymmetric incentive...

Persistent link: https://www.econbiz.de/10012472171

Physician Fee Policy and Medicaid Program Costs

Gruber, Jonathan - 1997

We investigate the hypothesis that increasing access for the indigent to physician offices shifts care from hospital outpatient settings and lowers Medicaid costs (the so-called offset effect'). To evaluate this hypothesis we exploit a large increase in physician fees in the Tennessee Medicaid...

Persistent link: https://www.econbiz.de/10012472727