Browsing PERC Publications by Issue Date

Now showing items 1-20 of 301

    • Are We Taming Health Care Spending 
      Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-01-01)
    • The Increase Convex Order and the Tradeoff of Size for Risk 
      Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-02-01)
      One random variable is larger than another in the increasing convex order if that random variable is preferred or indifferent to the other by all decision makers with increasing and convex utility functions. Decision makers ...
    • Market Concentration, Price Dispersion and Inefficient Cross-hauling in the Laboratory 
      Van Huyck, John; Wade, Chad (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-04-01)
      This paper presents experimental evidence suggesting that persistent price dispersion that violates the law of one price may be a disequilibrium phenomena. Increasing market concentration increases the pecuniary incentive ...
    • Testing Risk Dominance and Payoff Dominance in Repeated Global Stag Hunt Games 
      Van Huyck, John; Viriyavipart, Ajalavat (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-04-01)
      In any 22 global game, Carlsson and van Damme (1993b) showed that the game has a unique dominance solvable equilibrium that corresponds to the risk dominant equilibrium of the related common knowledge game with multiple ...
    • Does Playing Against an Error Prone Opponent Influence Learning in Nim? 
      McKinney, C. Nicholas, Jr.; Van Huyck, John (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-04-01)
      When learning to play a game well, does it help to play against an opponent who makes the same sort of mistakes one tends to make or is it better to play against a procedurally rational algorithm, which never makes mistakes? ...
    • The Carrot and the Stick of Medicaid Expansion 
      Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-05-01)
    • Inflation Dynamics and the Cost Channel: The Small Open Economy Case 
      Chang, Jui-Chuan Della; Jansen, Dennis W. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-05-19)
      This paper investigates the cost channel of monetary policy, transmitting its effect on economic activities other than conventional demand side, in a small open economy. The innovations lie in examination of the cost ...
    • A Model to Evaluate Vehicle Emission Incentive Policies in Japan 
      Fullerton, Don; Gan, Li; Hattori, Miwa (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-06-01)
      Using three years of data from the 47 prefectures of Japan, the authors estimate behavior of households who simultaneously make discrete decisions about vehicle ownership and continuous decisions about driving distance. ...
    • The Identification of Response of Stock Returns to Monetary Policy Actions Using Market-Based Measures of Monetary Policy Shocks 
      Jansen, Dennis W.; Tsai, Chun-Li (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-08-11)
      The authors investigate two related approaches to dealing with the possible joint repsonse bias in using Kuttner's approach to identifying monetary policy's impact on stock returns - the methodology recently suggested by ...
    • Federal Liabilities: They're Bigger than You May Think 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-09-01)
    • The Federal Reserve and Interest Rates 
      Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-11-01)
    • Impact of China's Urban Employee Basic Medical Insurance on Health Care Expenditures and Health Outcomes 
      Huang, Feng; Gan, Li (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-12-01)
      At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a ...
    • What Happened to Rosie? 
      Rettenmaier, Andrew J.; Carr, Jillian B. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-01-01)
    • The ACA and the States 
      Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-01-01)
    • Testing Risk Dominance and Payoff Dominance in Repeated Global Stag Hunt Games 
      Van Huyck, John; Viriyavipart, Ajalavat (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-01-01)
      This article was published as part of the PERCspectives on Research Newsletter, Winter 2015 Edition.
    • What Happened to Rosie? 
      Carr|, Jillian Beaugez|Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-02-01)
      Identifying the relationship between wartime work and women’s lifetime outcomes is difficult due to scant work histories from the 1940s. This study identifies “Rosie the Riveters� using data from the 1973 Current ...
    • Restricted Increases in Risk Aversion and Their Application 
      Eeckhoudt, Louis; Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-02-23)
      This paper proposes two restricted forms of an increase in risk aversion. Using examples from portfolio choice, self-protection and insurance demand, it is shown that these stronger notions of increased risk aversion ...
    • Tradeoffs for Downside Risk-Averse Decision-Makers and the Self-Protection Decision 
      Denuit, Michel M.; Eeckhoudt, Louis; Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-03-26)
      Besides risk aversion, decision makers are often assumed to be downside risk averse. In order to investigate tradeoffs that downside risk averse decision makers face, this paper proposes five stochastic orders, each ...
    • Cash for Corollas: When Stimulus Reduces Spending 
      Hoekstra, Mark; Puller, Steven L.; West, Jeremy (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-04-01)
      The 2009 Cash for Clunkers program aimed to stimulate consumer spending in the new automobile industry, which was experiencing disproportionate reductions in demand and employment during the Great Recession. Exploiting ...
    • The Probability Premium Approach to Comparative Risk Aversion 
      Liu, Liqun; Neilson, William S. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-04-23)
      In the framework of expected utility, nth-degree risk aversion/loving is unequivocally characterized by the sign of the nth-order derivative of the utility function, but there exist different notions of one decision maker ...