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Intratemporal elasticity of substitution between private and public consumption: new evidence and implications
This paper estimates the intratemporal elasticity of substitution (IES) between private and public consumption in private utility. Using panel data...
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Optimal allocations in growth models with private information
This paper considers a class of growth models with idiosyncratic human capital risk and private information about individual effort choices (moral...
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A tale of declining public provision and burgeoning private supplements
I study an economy, à la Epple and Romano (J Political Econ 104:57-87, 1996), where a private good (a necessity) is publicly provided (for free),...
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Contributing with private bundles to public goods
We extend to multiple private commodities the seminal model by Bergstrom et al. (J Public Econ 29:25–49, 1986) on the private provision of public...
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Human capital consumption of households in a generational economy: evidence and implications for India
Using the National Transfer Accounts (NTA) methodology, this study calculates the cost of human capital consumption by children, youth, adults and...
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What drives demand for private tutoring in secondary education? Evidence from India
Private tutoring is widespread in India, and its demand is growing over time. In this paper, we employ a two-step Heckman selection model to analyse...
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The spatial dimensions of cultural consumption: how distance influences consumption levels in a spatial setting
Cultural consumption has increasingly acquired a fundamental role in urban policy frameworks, thanks to its empirically proven positive effects on...
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Consumption and Liquidity Shocks
We study the response of consumption to anticipated and unanticipated liquidity gains using information on gifts (occasional and recurrent) and...
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Private and public debt convergence: a fractional cointegration approach
The devastating effects of the financial and economic recessions within the last two decades have led researchers to question whether there is a...
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Private provision of public goods under price uncertainty: a comment
We revise a result stating that there is a positive relationship between contributions and welfare in a public good provision game under price...
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The time trend and life-cycle profiles of consumption
This paper analyzes the time trend of household consumption in Japan between 1981 and 2020, using microdata from the Family Income and Expenditure...
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Can optimal unfunded public pensions co-exist with voluntary private retirement savings?
A classic result in dynamic public economics says that for a dynamically efficient overlap**-generations economy, there is no long-run welfare role...
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Multiple dimensions of private information in life insurance markets
A growing amount of literature has shown the unavailability of a positive correlation between insurance coverage and ex post risk, even though the...
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Private provision of public good and endogenous income inequality
We model a simple economy with privately provided public good and with two groups of individuals—rich and poor. Only rich people contribute to the...
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Monitoring consumption Switzerland: data, background, and use cases
Monitoring Consumption Switzerland is a public–private partnership between the University of St. Gallen and the payment companies Worldline and SIX...
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Private lives: experimental evidence on information completeness in spousal preferences
Experimental work using real married couples has shown that efficiency in intra-household allocations is influenced by information asymmetry between...
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To sell public or private goods
Traditional analysis takes the public or private nature of goods as given. However, technological advances, particularly related to digital goods...
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Consumption and Economic Growth
In this chapter we study Ramsey’s neoclassical growth model. Consumption and investment decisions are made simultaneously. The model assumes that the...
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Markets and knowledge commons: Is there a difference between private and community governance of markets?
It is well-established that market governance can be provided by both public (state) and private organizations. However, the concept of private...
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Private equity and growth
We study private equity in a dynamic general equilibrium model and ask two questions: (i) Why does the investment of venture funds respond more...
