It is often assumed that financial incentives of healthcare providers affect the care they deliver, but this issue is surprisingly difficult to study. The recent enactment of state laws that limit how much hospitals can charge uninsured patients provide a unique opportunity. Using an event study...

The Dodd-Frank Act (DFA) Orderly Liquidation Authority (OLA) has many legal issues that could prevent its use. Should there be a next financial crisis, regulators may again be forced to sell a large failing bank to a larger banking institution, creating yet another too-big-to-fail (TBTF)...

Singh and Mathur find that the emphasis on the OECD's concept of "economic substance" can have a significant impact on the scale as well as the location of economic activity and likely has highly unfavorable implications on economic activity for high-tax jurisdictions. Viewed from a U.S....

Using a new survey of truck drivers, we find that those who are most concerned about automation are, counterintuitively, also most likely to say they intend to re-invest in driving. This arms race for remaining positions is socially inefficient. We find that the effect disappears among drivers...

I review 20 years of financial data and highlight important changes in the banking industry. Post financial crisis laws and regulations and new Federal Reserve monetary policies have left a lasting impact on the industry. By 2021, the number of independent depository institutions declined to...

A common theme leading up to the 2020 election is that the Affordable Care Act (ACA) should be repealed and replaced.

We use new property-level data to estimate the price of land from 2000 to 2013 for nearly the universe of detached single-family homes in the Washington, DC metro area and characterize the housing boom-bust cycle in land and house prices at a fine geography. The data show that land prices were...

It is well established from research studies and basic data analysis that there is an exponential relationship between age and the infection to fatality ratio for COVID-19. Hence, the high mortality of the pandemic has been concentrated among the elderly. The close living arrangements of nursing...

The likely impact of the COVID-19 pandemic on state and local government revenues is increasingly well understood.

The authors study how the difference between federal and unitary systems of government can contribute to variations in economic volatility across democracies.