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- 23 Dec 2014
- First Look
First Look: December 23
quantitative implications match a range of moments not targeted in the estimation quite well. We then characterize the optimal policy path implied by the model and our estimates. Optimal policy makes heavy... View Details
Keywords: Carmen Nobel
- 20 Jan 2010
- First Look
First Look: Jan. 20
self-report of a licensee. Self-reporting gives rise to demand for auditing by the licensor or third-party attestation by the licensee. We characterize the optimal royalty contract, accounting system choice by the licensee, and audit... View Details
Keywords: Martha Lagace
- 02 Oct 2018
- First Look
New Research and Ideas, October 2, 2018
are robust to alternative model specifications and sample selection procedures. We demonstrate that an optimal pricing policy should take into consideration the potential costs of two types of strategic customer behavior: opportunistic... View Details
Keywords: Dina Gerdeman
- 15 Nov 2004
- Research & Ideas
Solving the Health Care Conundrum
forming a more fully dedicated team, developing facilities that allow for better optimization of specialized care, greater leverage in purchasing based on focus and volume, greater capacity for sub-specialization, and eventually, an... View Details
- 16 Dec 2014
- First Look
First Look: December 16
and exit from the U.S. energy sector. The model's quantitative implications match a range of moments not targeted in the estimation quite well. We then characterize the optimal policy path implied by the model and our estimates. View Details
Keywords: Sean Silverthorne
- 03 Oct 2006
- First Look
First Look: October 3, 2006
deliberate and optimal allocations to passive and highly skilled active investment vehicles, and they should eliminate commitments to structurally underperforming long-only active managers, unless the evidence of ability to generate alpha... View Details
Keywords: Sean Silverthorne
- 24 Aug 2016
- Research & Ideas
Can Obamacare Be Saved?
the exchanges. However, practically speaking, it is unlikely that many of them will be able to afford those plans without the federal government subsidies they received through the exchanges. Around 85 percent of consumers buying... View Details
- 15 Jan 2019
- First Look
New Research and Ideas, January 15, 2019
is mediated by perceptions that their own advice will not be followed. Advice seekers fail to anticipate this negative relational impact, exposing them to unanticipated adverse consequences of their advice-seeking decisions. These findings challenge previous... View Details
Keywords: Dina Gerdeman
- 22 May 2018
- First Look
New Research and Ideas, May 22, 2018
exit, output, and R&D. Taxing the continued operation of incumbents can lead to sizable gains (of the order of 1.4% improvement in welfare) by encouraging exit of less productive firms and freeing up skilled labor to be used for R&D by high-type incumbents.... View Details
Keywords: Dina Gerdeman