Showing 1 - 10 of 41
This paper seeks to understand the impact of the Medicare Rural Hospital Flexi- bility (Flex) Program on rural resident hospital choice and welfare. The Flex program created a new class of hospital, the Critical Access Hospital (CAH), which receives more generous reimbursement in return for...
Persistent link: https://www.econbiz.de/10010339965
Although learning-by-doing is believed to be an important source of productivity growth there is limited evidence that production volume affects productivity in a causal sense. We document evidence of learning-by-doing in a high-skill profession where stakes are high; advanced cancer surgery....
Persistent link: https://www.econbiz.de/10010480605
formation. Models with an extensive investment margin, i.e. endogenous firm and product entry, have difficulties explaining … these two phenomena simultaneously. Considering different variants of an endogenous-entry business cycle model, we show that … crowding-in of both consumption and entry can be generated only under very specific assumptions. In a static model with full …
Persistent link: https://www.econbiz.de/10010339394
This paper studies optimal taxation in a general equilibrium macro model with endogenous entry. We compare the constant … the misalignment of markups on goods and leisure, and an entry distortion due to the misalignment of the consumer surplus … effect and the profit destruction effect of entry. The two distortions interact in determining the wedge between the market …
Persistent link: https://www.econbiz.de/10010489836
In this paper we analyze how ratification uncertainty impacts the optimal terms of international environmental agreements (IEAs). We relax the frequent assumption of countries as unitary actors by modeling the ratification stage through uncertain preferences of a ratifying agent (e.g. the...
Persistent link: https://www.econbiz.de/10010339399
This paper shows how conflicting normative views of fair contribution rules can be used to design sequential contribution mechanisms to foster human cooperation in heterogeneous populations. Our model predicts that a sequential mechanism which solicits contributions first from wealthy actors...
Persistent link: https://www.econbiz.de/10010339938
Economists usually think that rational voters have little incentives to acquire costly information. We present a theoretical model to show that, in contrast to this widely held belief, rational voters acquire considerable amounts of information if media technology is available because then they...
Persistent link: https://www.econbiz.de/10010340527
We analyze the impact of access to piped water on human capital formation as measured by test scores from standardized school exams at Brasilian primary schools. We find a positive and significant effect of around 11 percent of the standard deviation of mean test scores. The effect of piped...
Persistent link: https://www.econbiz.de/10010340962
Considering data for individual earnings we show that the local subsidization of cultural activities in Germany exerts effects on the wage distribution in the sense that these subsidies tend to reduce the wage gap between those with higher and less education. These findings motivate a...
Persistent link: https://www.econbiz.de/10010341094
Which decision rule should we use to make a binary collective choice? While voting procedures are applied ubiquitously, they are criticized for being inefficient. Using monetary transfers, efficient choices can be made at the cost of a budget imbalance. Is it optimal to do so? And why are...
Persistent link: https://www.econbiz.de/10010342115