Similar Search Results

Goldberg, Linda S.; Tracy, Joseph S. - 2000

We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...

Persistent link: https://www.econbiz.de/10014193865

Highway Franchising and Real Estate Values

Engel, Eduardo; Galetovic P., Alexander; Fischer, Ronald - 2021

It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls. We study the welfare implications...

Persistent link: https://www.econbiz.de/10013218705

Soft Budgets and Renegotiations in Public-Private Partnerships

Engel, Eduardo - 2009

existing accounting standards allow governments to renegotiate PPP contracts and elude spending limits. Our model of … renegotiations in the early stages of the contract, e.g. during construction. We use data on Chilean renegotiations of PPP contracts … that if PPP investments are counted as current government spending, the incentives to renegotiate contracts to increase …

Persistent link: https://www.econbiz.de/10013156676

Funding Scientific Knowledge : Selection, Disclosure and the Public-Private Portfolio

Gans, Joshua - 2014

This paper examines argues that while two distinct perspectives characterize the foundations of the public funding of research - filling a selection gap and solving a disclosure problem - in fact both the selection choices of public funders and their criteria for disclosure and commercialization...

Persistent link: https://www.econbiz.de/10013068134

Economic Analysis and Infrastructure Investment

Glaeser, Edward L.; Poterba, James M. - 2021

This paper summarizes economic research on investment in public infrastructure and introduces the findings of several new studies on this topic. It begins with a review of several potential justifications for the public sector’s involvement in building, financing, and operating infrastructure,...

Persistent link: https://www.econbiz.de/10013248702

How Does Risk Selection Respond to Risk Adjustment? Evidence from the Medicare Advantage Program

Brown, Jason - 2011

Governments often contract with private firms to provide public services such as health care and education. To decrease firms' incentives to selectively enroll low-cost individuals, governments frequently "risk-adjust" payments to firms based on enrollees' characteristics. We model how risk...

Persistent link: https://www.econbiz.de/10013126203

Bringing Science to Market : Commercializing from NIH Sbir Awards

Link, Albert N. - 2015

We offer empirical information on the correlates of commercialization activity for research projects funded through the U.S. National Institutes of Health's (NIH's) Small Business Innovation Research (SBIR) award program. Based on this analysis we suggest possible recommendations for improving...

Persistent link: https://www.econbiz.de/10012750210

When and How to Use Public-Private Partnerships in Infrastructure : Lessons from the International Experience

Engel, Eduardo - 2020

Public-private partnerships (PPPs) have emerged as a new organizational form to provide public infrastructure over the last 30 years. Governments find them attractive because PPPs can be used to avoid fiscal check-and-balances and increase spending. At the same time, PPPs can lead to important...

Persistent link: https://www.econbiz.de/10012841411

The Basic Public Finance of Public-Private Partnerships

Engel, Eduardo - 2007

Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are justified on efficiency grounds, the contract that optimally balances demand risk, user-fee distortions and the opportunity cost of public funds, features a minimum revenue guarantee and a...

Persistent link: https://www.econbiz.de/10012776449

Renegotiation Without Holdup : Anticipating Spending and Infrastructure Concessions

Engel, Eduardo - 2006

Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual terms for the franchise holders. This paper offers a political economy explanation for renegotiations that occur with no apparent holdup. We argue that they are used by political...

Persistent link: https://www.econbiz.de/10012779642