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"Organ transplantation holds the potential to substantially restore the health of many otherwise terminally ill patients. That potential, however, is currently being denied full realization by a chronic and severe shortage of cadaveric organs that are made available for this use. In recent...
Persistent link: https://www.econbiz.de/10004981271
This article explains why the output effect of a severance tax on oil is not generally reversed when the tax is removed. It is shown that this severance-tax-induced irreversibility in supply has important implications for both the interpretation and estimation of the supply of oil. Specifically,...
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Among the many problems faced by policy makers in attempts to use public funds efficiently, none is more troublesome than that of inducing users of public goods to reveal their demand prices. The difficulty in attempts to solicit demand prices falls under the general rubric of the free-rider...
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This article compares OLS, the normal-half normal stochastic frontier approach (SFA) and the thick frontier approach (TFA) to an alternative thick frontier approach based on a mixture approach. Unlike the TFA approach, the new approach developed here uses all of the data, does not require...
Persistent link: https://www.econbiz.de/10009206761
In a recent volume of this journal, Holden [Testing the normality assumption in the Tobit Model, J. Appl. Stat. 31 (2004) pp. 521-532] presents Monte Carlo evidence comparing several tests for departures from normality in the Tobit Model. This study adds to the work of Holden by considering...
Persistent link: https://www.econbiz.de/10008582902
When tax shares can be included in political platforms, there will be a bias toward more government spending. This bias is the result of the fact that demand curves slope downward. Political parties can compete for votes by offering pivotal voters lower tax shares, but when they do, a lower...
Persistent link: https://www.econbiz.de/10010988123