Media stories have raised concerns about Florida’s expansion of advanced trauma centers, with newly designated centers charging high trauma activation fees for relatively minor injuries, and Texas has experienced similar expansion in the last decade. In a new working paper, Chair in Health Economics Vivian Ho and her co-authors study the association between trauma center upgrades and patient outcomes — examining Texas commercial claims to track changes in spending, mortality, and readmissions of trauma patients
Despite its massive geological endowment and receiving what could be considered the largest windfall in its economic history, Venezuela entered 2020 in the middle of an unprecedented economic crisis. The Covid-19 pandemic and turbulence in oil markets represent the latest in a string of problems that expose the country’s vulnerability.
This working paper studies optimal taxation in a dynamic stochastic economy in which there is uncertainty about the effects of climate change. It concludes that model uncertainty has significant quantitative implications regarding optimal greenhouse gas emissions and the optimal mix of fossil fuel used.
This working paper constructs a new general equilibrium model of the U.S. economy that is better able to analyze energy and gross receipts taxes than previous models.