Papers

We study the degree to which greater physician market power via consolidation leads to higher service prices in the commercially insured medical-care market. We also examine whether these potentially higher service prices translate into different levels of physician service utilization. We find… Read more

For many kinds of assets, the growth rate of the real asset stock is a nonlinear function of the economic owner’s decision whether to invest or extract the asset. Examples within the economy are primarily biological assets, both privately owned (such as those found in aquaculature and… Read more

There are currently two major agencies, the Bureau of Labor Statistics (BLS) and the Bureau of Economic Analysis (BEA), that produce estimates of the cost of shelter for renters and for owners on a regular basis. In addition, the Census Bureau is conducting a nation-wide survey, the American… Read more

Previous research has shown that U.S. manufacturing plants belonging to U.S. multinational companies (MNCs) are more likely to shut down than other manufacturing plants, once plant and industry attributes have been controlled for (Bernard A. and Jensen B., 2007). This research has concentrated… Read more

In May of 2011, BEA published prototype estimates of 5-year regional price parities for states and metropolitan areas for 16 expenditure classes, including rents, for the 2005-2009 period. In previous research (see: Aten & Reinsdorf [2010], Aten & Heston [2009]), differences in interarea… Read more

This paper examines whether the productivity of U.S. business establishments is related to the extent to which their parent firms are globally engaged-from being an exporter to being a fledgling multi-national that has taken a few cautious forays into foreign markets to being a seasoned… Read more

This study introduces a new framework for measuring and analyzing medical-care expenditures. The framework focuses on expenditures at the disease level that are decomposed between price and utilization. We find that both price and utilization differences are important contributors to expenditure… Read more

This study updates Christian's (2010) human capital account for the United States to the year 2009, refining the underlying data and putting the account into international context by reviewing applications in the rest of the world. It also measures the sensitivity of human capital measures to… Read more

Economic impact analyses for universities often produce impacts so large that they are viewed with suspicion. Using data collected from universities on actual expenditures as well as the local share of these expenditures to calibrate and regionalize custom economic impact multipliers will… Read more