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Tobacco Regulation and Cost-Benefit Analysis : How Should We Value Foregone Consumer Surplus?
Levy, Helen - 2016
Recent tobacco regulations proposed by the Food and Drug Administration have raised a thorny question: how should the cost-benefit analysis accompanying such policies value foregone consumer surplus associated with regulation-induced reductions in smoking? In a model with rational and fully...
Persistent link: https://www.econbiz.de/10012456206
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Privatization and nationalization cycles
Chang, Roberto - 2009
"This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10011394323
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Privatization and Nationalization Cycles
Chang, Roberto - 2010
This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10012462530
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Private Credit in 129 Countries
Djankov, Simeon - 2005
We investigate cross-country determinants of private credit, using new data on legal creditor rights and private and public credit registries in 129 countries. We find that both creditor protection through the legal system and information sharing institutions are associated with higher ratios of...
Persistent link: https://www.econbiz.de/10012467609
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Contracting for Government Services : Theory and Evidence from U.S. Cities
Levin, Jonathan - 2007
Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this "make-or-buy" choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a dataset...
Persistent link: https://www.econbiz.de/10012465302
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The Proper Scope of Government : Theory and an Application to Prisons
Hart, Oliver - 1996
effect on non-contractible quality. The model is applied to understanding the costs and benefits of prison privatization …
Persistent link: https://www.econbiz.de/10012473090
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The Welfare Effect of a Consumer Subsidy with Price Ceilings : The Case of Chinese Cell Phones
Fan, Ying; Zhang, Ge - National Bureau of Economic Research - 2021
Subsidies to consumers may cause firms to charge higher prices, which offsets consumer benefits from subsidies. We study a subsidy program design that mitigates such price increases by making products' eligibility for a subsidy dependent on firms' commitment to price ceilings. To quantify the...
Persistent link: https://www.econbiz.de/10012510538
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Competition and Selection in Credit Markets
Yannelis, Constantine; Zhang, Anthony Lee - National Bureau of Economic Research - 2021
We present both theory and evidence that increased competition may decrease rather than increase consumer welfare in subprime credit markets. We present a model of lending markets with imperfect competition, adverse selection and costly lender screening. In more competitive markets, lenders have...
Persistent link: https://www.econbiz.de/10012616617
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AI Adoption in a Monopoly Market
Gans, Joshua - National Bureau of Economic Research - 2022
The adoption of artificial intelligence (AI) prediction of demand by a monopolist firm is examined. It is shown that, in the absence of AI prediction, firms face complex trade-offs in setting price and quantity ahead of demand that impact on the returns of AI adoption. Different industrial...
Persistent link: https://www.econbiz.de/10013191089
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The Welfare Effects of Social Media
Allcott, Hunt - 2019
The rise of social media has provoked both optimism about potential societal benefits and concern about harms such as addiction, depression, and political polarization. In a randomized experiment, we find that deactivating Facebook for the four weeks before the 2018 US midterm election (i)...
Persistent link: https://www.econbiz.de/10012479470