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Now showing items 21-30 of 49
Tradeoffs for Downside Risk-Averse Decision-Makers and the Self-Protection Decision
(Private Enterprise Research Center, Texas A&M University, 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 ...
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, ...
Coronavirus Economics: The Impact of Shutting Down Meatpacking Plants
(Private Enterprise Research Center, Texas A&M University, 2020-06-25)
Motivated by the observed beef and livestock market impacts of coronavirus-caused meatpacking plant shutdowns, this paper constructs a theoretical model to study the effects of closures among downstream producers on both ...
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 ...
Federal Entitlement Spending
(Private Enterprise Research Center, Texas A&M University, 2018-06-25)
Federal spending has hovered at around 20% of GDP for the past 50 years. Recent CBO reports forecast deficits averaging around 5% of GDP each year for the next 10 years, combined with rising federal spending continue to ...
Risk and Risk Aversion Effects in Contests with Contingent Payments
(Private Enterprise Research Center, Texas A&M University, 2017-03-01)
Contests by their very nature involve risk, winning and losing are both possible, and the gain from winning can itself be uncertain. The participants in a contest use resources to increase their chance of winning. The main ...
The Increase Convex Order and the Tradeoff of Size for Risk
(Private Enterprise Research Center, Texas A&M University, 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 ...
Discounting Environmental Benefits to Future Generations: Implications of a Coordinating Debt Policy and Tax Distortions in the Capital Market
(Private Enterprise Research Center, Texas A&M University, 2018-04-28)
Looking beyond today’s fiscal problems in the U.S., the debate about the how to best incorporate the well-being of subsequent generations in current public policy discussions continues. Authors Liqun Liu, Andrew J. ...
A Neglected Aspect of Tax Reform: Improving the Efficiency of Tax Expenditures on Employer-Provided Health Insurance
(Private Enterprise Research Center, Texas A&M University, 2017-11-01)
The House recently passed the Tax Cuts and Jobs Act and the Senate now begins debate on its version of tax reform. Debate has centered on the tax reform's potential negative revenue effects and its disparate treatment of ...
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 ...