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Almost Stochastic Dominance: Magnitude Constraints on Risk Aversion
(Private Enterprise Research Center, Texas A&M University, 2021-06-01)
Almost stochastic dominance (ASD) extends conventional first and second degree stochastic dominance by placing restrictions on the variability in the first and second derivatives of utility. Such restrictions increase the ...
Vehicle Miles (Not) Traveled: Fuel Economy Requirements, Vehicle Characteristics, and Household Driving
(Private Enterprise Research Center, Texas A&M University, 2017-01-01)
Simply put, the less Americans drive, the less gas they use. More driving, more gas. The negative effects of gasoline consumption are well-documented, ranging from local effects of automobile pollution on individuals' ...
The Relationship Between Health Insurance and Early Retirement: Evidence from the Affordable Care Act
(Private Enterprise Research Center, Texas A&M University, 2018-10-09)
As the Affordable Care Act (ACA) recently expanded Medicaid coverage to low-income childless adults, the uninsured rate reached a record low in 2015. In contrast, large firms with 200 or more employees are continuing to ...
Am I the Big Fish? The Effect of Self-Perceived Ordinal Rank on Student Academic Performance in Middle School
(Private Enterprise Research Center, Texas A&M University, 2018-12-20)
In the educational setting, it is well known that relative achievement can affect individual outcomes. The ordinal academic rank of a student may affect the student’s academic achievement through a student’s self-confidence, ...
The Long-Run Effects of Disruptive Peers
(Private Enterprise Research Center, Texas A&M University, 2017-01-01)
There's a great deal of research on how classmates can affect test scores and discipline in school, but what about later in life? In Working Paper 1605, PERC's Rex Grey Professor of Economics Mark Hoekstra, Scott E. Carrell ...
Corrupt Police
(Private Enterprise Research Center, Texas A&M University, 2020-08-21)
PERC Professor Danila Serra, along with Klaus Abbink and Dmitry Ryvkin employ laboratory experiments to examine the effects of corrupt law enforcement on crime within a society. The authors embed corruption in a social ...
The Vicious Circle of Blackouts and Revenue Collection in Developing Economies: Evidence from Ghana
(Private Enterprise Research Center, Texas A&M University, 2019-02-05)
As reliable electricity is needed to form and sustain successful businesses, power is critically important for economic growth, especially for developing countries in Sub-Saharan Africa. In urban areas where most residences ...
Comparative Risk Apportionment
(Private Enterprise Research Center, Texas A&M University, 2021-01-04)
A decision maker who would rather apportion an independent risk in a state with a good lottery than in a state with a bad lottery is said to have a preference for risk apportionment (Eeckhoudt & Schlesinger, 2006). In this ...
Alternative Approaches to Comparative nth-Degree Risk Aversion
(Private Enterprise Research Center, Texas A&M University, 2018-07-30)
Economists have used the risk premium and the probability premium that are revealed through individual choices to compare how risk averse two individuals are. These behavioral, or choice-based, measures of risk aversion ...
Are Charters the Best Alternative?
(Private Enterprise Research Center, Texas A&M University, 2016-01-01)
Texas has been part of the charter school movement since 1995, when the 74th Texas Legislature authorized the State Board of Education to establish open enrollment (OE) charter schools in the state. According to the Texas ...