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Graph with numbers related to the economy.
The Winner's Curse in Acquisitions of Privately-held Firms
The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.
James Brander, Edward J. Egan February 1, 2017
Health insurance
Gain in Insurance Coverage and Residual Uninsurance Under the Affordable Care Act: Texas, 2013–2016
About 1 million Texans gained health care coverage due to the Affordable Care Act, according to new research by health policy fellows Vivian Ho and Elena Marks. The new findings published in the American Journal of Public Health examined the effects of the ACA’s Marketplace on Texas residents and determined which population subgroups benefited the most and the least.
Stephen Pickett, Elena M. Marks, Vivian Ho December 7, 2016