Showing 41 - 50 of 6,907
This paper develops a model of a self-fulfilling credit market freeze and uses it to study alternative governmental responses to such a crisis. We study an economy in which operating firms are interdependent, with their success depending on the ability of other operating firms to obtain...
Persistent link: https://www.econbiz.de/10012462621
We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient recapitalization program injects capital against preferred stock plus warrants and conditions implementation on sufficient bank participation....
Persistent link: https://www.econbiz.de/10012463719
available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government …. This result is stronger for organized industries, which further supports the theory. The main theoretical insights and …
Persistent link: https://www.econbiz.de/10012463994
This paper examines the efficiency and equity implications of alternative health care system financing strategies …. Using data across the OECD, I find that almost all financing choices are compatible with efficiency in the delivery of …
Persistent link: https://www.econbiz.de/10012464766
This paper shows that public provision of private goods may be justified on pure efficiency grounds in an environment … the provision of public goods. We show that public provision of the private good improves economic efficiency under a … is an example where there is efficiency loss from separating revenue and expenditure problems in public finance, and is …
Persistent link: https://www.econbiz.de/10012464820
The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet … distributive justice and efficiency, the choice of interest rate for discounting dollars, and how the present approach relates to …
Persistent link: https://www.econbiz.de/10012466429
A tax on investment income brings a deadweight loss even if household saving does not respond to taxes and the net rate of return. What matters is the response of future consumption. The tax on investment income is also effectively a tax on labor supply because current work effort produces...
Persistent link: https://www.econbiz.de/10012466459
. We review a considerable body of survey evidence and theory that seeks to explain why developers participate in open …
Persistent link: https://www.econbiz.de/10012466507
supporters and opponents differ, the improvement in efficiency is guaranteed only if the distributions can be ranked according to …
Persistent link: https://www.econbiz.de/10012467308
In this paper, we propose a matching model to study the efficiency of thin and thick markets. Our model shows that the …
Persistent link: https://www.econbiz.de/10012467874