Browsing by Author "Liu, Liqun"

Now showing items 1-20 of 49

    • Almost Stochastic Dominance: Magnitude Constraints on Risk Aversion 
      Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-06-01)
      Almost stochastic dominance (ASD) extends conventional first and second degree stochastic dominance by placing restrictions on the variability in the first and second derivatives of utility. Such restrictions increase the ...
    • Alternative Approaches to Comparative nth-Degree Risk Aversion 
      Liu, Liqun; Neilson, William S. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-07-30)
      Economists have used the risk premium and the probability premium that are revealed through individual choices to compare how risk averse two individuals are. These behavioral, or choice-based, measures of risk aversion ...
    • Analysis of the Biden Proposal to Equalize Saving Incentives 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-10-16)
      Democratic Presidential Nominee Joe Biden has proposed replacing the current tax deductions on contributions to 401(k) retirement accounts with a uniform refundable tax credit that would be deposited into the taxpayer’s ...
    • The Border Adjustment Tax and Corporate Tax Reform 
      Liu, Liqun; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2017-05-01)
      Both House Republicans' 2016 tax plan and, more recently, President Trump's tax plan envision a rate cut for the corporate income tax (CIT): from the current 35% to 20% (the House plan) or 15% (the president's plan). To ...
    • Cadillacs for All 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-09-25)
      Healthcare reform in the form of Medicare for All, which promises to reduce health care spending by reimbursing providers at Medicare’s rates per procedure, is now receiving renewed interest. This, along with the delay ...
    • Comparative Risk Apportionment 
      Liu, Liqun; Paan Jindapon; Neilson, William S. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-01-04)
      A decision maker who would rather apportion an independent risk in a state with a good lottery than in a state with a bad lottery is said to have a preference for risk apportionment (Eeckhoudt & Schlesinger, 2006). In this ...
    • Coronavirus Economics: The Impact of Shutting Down Meatpacking Plants 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-06-25)
      Motivated by the observed beef and livestock market impacts of coronavirus-caused meatpacking plant shutdowns, this paper constructs a theoretical model to study the effects of closures among downstream producers on both ...
    • Coronavirus Economics: The Impact of Shutting Down Meatpacking Plants 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-10-01)
      Due to the coronavirus pandemic, Covid-19 infections at meatpacking plants led to shutdowns across the United States. Beef became scarcer and with higher consumer prices, while ranchers received lower prices for their beef. ...
    • Discounting Environmental Benefits to Future Generations: Implications of a Coordinating Debt Policy and Tax Distortions in the Capital Market 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-04-28)
      Looking beyond today’s fiscal problems in the U.S., the debate about the how to best incorporate the well-being of subsequent generations in current public policy discussions continues. Authors Liqun Liu, Andrew J. ...
    • Federal Entitlement Spending 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-06-25)
      Federal spending has hovered at around 20% of GDP for the past 50 years. Recent CBO reports forecast deficits averaging around 5% of GDP each year for the next 10 years, combined with rising federal spending continue to ...
    • Federal Liabilities 2015 Update 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-07-01)
    • Federal Liabilities: 2016 Update 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2016-08-01)
      The 2015 Financial Report of the United States Government (FRUSG) identifies total federal liabilities of $21.5 trillion as of September 30, 2015. The debt held by the public, $13.2 trillion, comprises 61% of these ...
    • Federal Liabilities: 2017 Update 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2017-06-01)
      The official federal liabilities of the United States federal government totaled $22.8 trillion as of September 30, 2016. They include the debt held by the public of $14.2 trillion, federal employees; accrued retirement ...
    • Federal Liabilities: 2019 Update 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-05-17)
      The Financial Report of the United States Government (FRUSG), released at the end of March, identifies total federal liabilities of $25.4 trillion as of September 30, 2018. The debt held by the public, $15.8 trillion, ...
    • Federal Liabilities: 2021 Update 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-06-11)
      The 2020 Financial Report of the United States Government (FRUSG) identifies total federal liabilities of $32.7 trillion as of September 30, 2020. The debt held by the public, $21.1 trillion, comprised 62% of these ...
    • Federal Liabilities: They're Bigger than You May Think 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-09-01)
    • Getting Out of Our Health Insurance Quagmire 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-09-03)
      Per-capita spending on health care in the U.S. is the highest in the world, and it is not clear that this high spending generates additional health benefits. This high spending, coupled with high and rising health insurance ...
    • Goodbye 2018, Hello 2019 
      Jansen, Dennis W.; Liu, Liqun; Rettenmaier, Andrew J. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-01-22)
      The decline of the stock market and its recent volatility have many wondering about the future prospects of the economy. Other leading economic indicators offer a mixed outlook: hours worked in manufacturing remains high ...
    • Health Care Spending in the United States: What is Next? 
      Liu, Liqun; Rettenmaier, Andrew J.; Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2016-12-01)
      Health care spending will always command public policy attention given the prominence of government payers in this market and the role played by the tax system in subsidizing health insurance purchases. But, with President-elect ...
    • The Increase Convex Order and the Tradeoff of Size for Risk 
      Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-02-01)
      One random variable is larger than another in the increasing convex order if that random variable is preferred or indifferent to the other by all decision makers with increasing and convex utility functions. Decision makers ...