This paper examines the motivation for States to intervene in the provisions that their citizens make for ill-health. The author examines arguments that relate to imperfect information and a kind of misperception which he calls evaluator relativity. He identifies ex post regret as being the...

There are numerous empirical studies that exploit variation in policies over space and time in the U.S. federal system. If state policy making is purposeful action responsive to economic and political conditions within the state then it is necessary to identify and control for the forces that...

This paper presents a simple model to evaluate alternative payment schemes for tax inspectors in the presence of corruption. The authors consider problems of both moral hazard, whic h arises because taking bribes cannot be observed without costly monitoring, and adverse selection, since not all...

Economies that experience rapid growth also experience major changes in their consumption patterns, particularly for consumer durables. This paper studies the diffusion of durables in Taiwan between 1977 and 1991. The authors focus on the link between household accumulation of durables and...

The aim of the New Political Economy is to understand important issues that arise in the policy sphere. <link rid="fn2">-super-1 </link> It is not, as is occasionally hinted, an effort by economists to colonise political science. Rather, the main concern is to extend the competence of economists to analyse issues that...

We investigate the relationship between export market shares and relative unit labour costs using a long panel of 12 manufacturing industries across 14 OECD countries. We ask how sensitive are export market shares to changes in relative costs and what determines this sensitivity? Both costs and...

This paper examines the application of count data models to firm level panel data on technological innovations. The model the authors propose exhibits dynamic feedback and unobserved heterogeneity. We develop a fixed effects estimator that generalizes the standard Poisson and negative binomial...

This article investigates the evolution of quality-adjusted prices for servers motivated by two facts. First, the recent productivity acceleration in the US is closely linked to the spread of IT of which networked computing is a large component. Second, the growth of network computing itself has...