Increasingly, governments contract with private firms to provide publicly funded or subsidized goods and services, ranging from defense contracts, social insurance programs to small business loans. In such publicly funded, privately provided markets, governments set specific rules and policies to allow efficient provision or allocation of goods and services. Given...
The first two chapters focus on the topic: how efficiently do markets reallocate capital in booms and busts, and what are the effects of policies designed to smooth out fluctuations? I exploit a novel dataset of contracts and projects in the offshore oil and gas industry to examine the role...
This dissertation looks at the consequences of three different government regulatory policies---the nondistribution constraint (which prohibits managers of nonprofit organizations from distributing profits generated by the nonprofit organization to themselves), the 100/0, 85/15, and 90/10 rules (which restrict the fraction of revenue for-profit colleges and universities can receive from Title...