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This paper examines the implications of recent research on monetary policy rules for practical monetary policy making, with special emphasis on strategies for setting interest rates by the European ...
since desegregation, the most important changes to American elementary and secondary schooling have almost certainly been in the realm of school finance. This is not only because dramatic changes have...
State governments contract with health maintenance organizations (HMOs) to coordinate medical care for nearly 20 million Medicaid recipients. Identifying the causal effect of HMO enrollment ongovernme...
We examine the impacts of increased US gasoline taxes in a model that links the markets for new, used, and scrapped vehicles and recognizes the considerable heterogeneity among households and cars. Ho...
Indian megacities face severe water supply problems owing to factors ranging from growing population to high municipal pipe leakage rates; no Indian city provides 24/7 water supply. Current approaches...
华中科技大学投资学课件Chapter11 Market Efficiency
I evaluate the suitability of Personal Rapid Transport (PRT) for transportation problems in Singapore, and I propose short-term and long-term applications.
We examine how cross-country differences in product, capital, and labor market competition, and government efficiency affect the rate of mean reversion of corporate profitability. Using a sample of 42...
We propose a scalable, data-driven method for designing national policies for the allocation of deceased donor kidneys to patients on a waiting list, in a fair and efficient way. We focus on policies ...
Katz and Shapiro (1985) study systems compatibility in settings with one-sided plat- forms and direct network effects. We consider systems compatibility in settings with two-sided platforms and indire...
Strategy-proofness versus Efficiency in Matching with Indifferences:Redesigning the NYC High School Match.
This paper analyzes the evolution of productivity of the electricity distribution companies in Peru, to assess whether reforms have improved the efficiency in this sector. The paper also identifies po...
We study repeated Bayesian games with communication and observable actions in which the players' privately known payoffs evolve according to an irreducible Markov chain whose transitions are independe...
We introduce a new measure for the capital market eciency. The measure takes into considera-tion the correlation structure of the returns (long-term and short-term memory) and local herding behavior ...

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