Dallas dollars and the government line

Externalities, Markets, and Government Policy - Economic Review, Third Quarter 1996 - Dallas Fed

structure of the problem at hand. In 1991, Ronald H. Coase received the Nobel prize for his work on the role of transaction costs in economics. His paper on “The Nature of the Firm” (Coase 1937) introduced transaction costs as the primary reason for the existence of firms. Coase pointed out that firms substitute an internal management structure for market transactions to eliminate the costs of ...

Government And The Economic Evolutions

THE SERRANO PRINCIPLE Dollars , Scholars and Constitutlan

JOHN E. COONS, WILLIAM H. CLUNE 111 U STEPHEN D. SUGARMAN Mr. Coons and Mr. Sugarman are professors of law at the University o f California and coauthors of Private Wealth and Public Education (Harvard University Press); borh appeared in and argued the Serrano case before the California Supreme Court which adopted their position. Mr. Clune teaches law at Wisconsin; he and Mr. Sugarman are form...

Trading Dollars for Dollars: The Price of Attention Online and Offline

Recent years have witnessed a crisis in journalism. Newspaper staffs have been cut by a third since 2000 (Pew Research Center 2013). Stock prices of major newspaper companies have fallen by more than half over the same period. The costly work of gathering, interpreting, and disseminating news—activities widely believed to have large positive political and social externalities (Downs 1957; Becke...

Eradicating polio: the dollars and sense.

Hopefully, we are now at the bitter end of global eradication of wild polioviruses, with annual cases of paralytic polio down globally from an estimated 350,000 in 1988 to under 2000 today.[1] Following successful eradication, we must choose wisely among the many policy options[2] that will determine our future risks, costs, and benefits.[3-8] But first, we need to complete polio eradication. W...