In this working paper, the ECB studies the ‘confidence effects’ of fiscal consolidation, or what many call austerity politics. There are some ifs and buts but by and large this study confirms what Keynesians warned about: budget cuts in the middle of crisis have great negative effects. 61 more words
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Working Paper: Phillips - Gateway effects: why the cited evidence does not support their existence for low-risk tobacco products (and what evidence would)
My new working paper is available for download: Phillips – how to detect gateway effects (pdf).
This paper serves multiple purposes. It addresses the titular question, about how an analysis of empirical evidence could support a claim that e-cigarettes, smokeless tobacco, or other low-risk tobacco products are a gateway to smoking. 445 more words
Measuring Consumer Valuation of Limited Provider Networks
WTP for Network Breadth
Abstract: We measure provider coverage networks for plans on the Massachusetts health insurance exchange using a two measures: consumer surplus from a hospital demand system and the fraction of population hospital admissions that would be covered by the network. 68 more words
Gabriele Accardo, Vertical Antitrust Enforcement: Transatlantic Perspectives on Restrictions of Online Distribution under E.U. and U.S. Competition Laws.
As a follow up to my previous post, I recently read a very nice Working Paper by Gabriele Accardo, titled “Vertical Antitrust Enforcement: Transatlantic Perspectives on Restrictions of Online Distribution under E.U. 129 more words
Working Paper: Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design
Susana and Charles’ new article has now been published as a CIRCLE Working Paper.
Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. 193 more words