by susuguo | Feb 1, 2020 | Journal, White Papers
Consumer theory is extended to incorporate deviations from the law of one price that are common in markets for prescription and illicitly-manufactured opioids. The extension helps to resolve “puzzling” findings in the literature, such as race and age gaps in mortality...
by susuguo | Mar 1, 2018 | White Papers
The Affordable Care Act’s taxes, subsidies, and regulations significantly alter terms of trade in both goods and factor markets. We use an extended version of the clas-sic Harberger model to predict and quantify consequences of the Affordable Care Act for the...
by susuguo | Nov 1, 2017 | White Papers
A new survey of 745 small businesses shows little change in the size dis- tribution of businesses between 2012 and 2016, except among businesses with 40–74 employees, in a way that is closely related to whether they of- fer health insurance coverage. Using measures of...
by susuguo | Jun 1, 2016 | White Papers
A hedonic model featuring quality-quantity tradeoffs reveals a number of surprising market behaviors that can result from price regulations that are imposed on competitive markets for products that have adjustable non-price attributes. Quality need not clear a...
by susuguo | Jul 1, 2015 | White Papers
National accounts of economic output and prosperity, such as gross domestic product (GDP) or net domestic product (NDP), offer an incomplete picture of economic well-being. Building on previous work to improve estimates of the levels of economic output, this paper...
