taxpayers
Private Equity Is Buying Life Insurers, and the Public Bears the Heightened Risk.
In new research, Pranjal Drall and Andrew Granato argue that the move of private equity firms into life insurance has increased the probability that insurers will go insolvent. If they do, under an obscure system of insurance guaranty funds, the losses will spread out beyond the insolvent insurer’s creditors to other insurers and, ultimately, taxpayers.Â
How Market Design Economists Helped Engineer a Mass Privatization of Public Resources
In 2017, the Federal Communications Commission conducted a complex two-sided auction to reallocate spectrum from broadcasters to mobile communications companies. The way economists designed...
