Search
Now showing items 1-10 of 11
Optimality of Winner-Take-All Contests: The Role of Attitudes Toward Risk
(Private Enterprise Research Center, Texas A&M University, 2019-12-16)
It has been established in the literature that, under the assumption of risk-neutral contestants, it is usually optimal for an effort maximizing contest organizer with a fixed prize budget to award everything to a single ...
Federal Liabilities: 2019 Update
(Private Enterprise Research Center, Texas A&M University, 2019-05-17)
The Financial Report of the United States Government (FRUSG), released at the end of March, identifies total federal liabilities of $25.4 trillion as of September 30, 2018. The debt held by the public, $15.8 trillion, ...
Cadillacs for All
(Private Enterprise Research Center, Texas A&M University, 2019-09-25)
Healthcare reform in the form of Medicare for All, which promises to reduce health care spending by reimbursing providers at Medicare’s rates per procedure, is now receiving renewed interest. This, along with the delay ...
Inter-Jurisdiction Migration and the Fiscal Policies of Local Governments
(Private Enterprise Research Center, Texas A&M University, 2019-02-04)
In this paper, authors Darong Dai, Dennis W. Jansen and Liqun Liu analyze the effects of migration on the fiscal policies of local governments. Because of the possibility of migrating to another jurisdiction later in life, ...
Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk
(Private Enterprise Research Center, Texas A&M University, 2019-02-06)
Is the old adage that states that the young take more risk than the old correct? In PERC Working Paper 1902, authors Liqun Liu, Andrew J. Rettenmaier and Thomas R. Saving investigate this conventional wisdom in the context ...
Inter-Jurisdiction Migration and the Fiscal Policies of Local Governments
(Private Enterprise Research Center, Texas A&M University, 2019-06-28)
The relationship between migration and the economy is of great interest to researchers, especially where migration and local government fiscal policy intersect. In order to attract immigrants or retain current residents, ...
Getting Out of Our Health Insurance Quagmire
(Private Enterprise Research Center, Texas A&M University, 2019-09-03)
Per-capita spending on health care in the U.S. is the highest in the world, and it is not clear that this high spending generates additional health benefits. This high spending, coupled with high and rising health insurance ...
Goodbye 2018, Hello 2019
(Private Enterprise Research Center, Texas A&M University, 2019-01-22)
The decline of the stock market and its recent volatility have many wondering about the future prospects of the economy. Other leading economic indicators offer a mixed outlook: hours worked in manufacturing remains high ...
Optimal Regional Insurance Provision: Do Federal Transfers Complement Local Debt?
(Private Enterprise Research Center, Texas A&M University, 2019-11-01)
Intergovernmental grants implemented by the central government of a federal fiscal system are justified on the grounds that they internalize interregional spillovers generated by local public goods provision or ...
Optimal Interregional Redistribution and Local Borrowing Rules under Migration and Asymmetric Information
(Private Enterprise Research Center, Texas A&M University, 2019-09-16)
Assuming two types of regions that differ only in the discount rate, Huber and Runkel (2008) show that optimal federal redistribution is from impatient to patient regions, and optimal local public debt is higher in impatient ...