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proceedings. Since changes may be made before publication, this preprint should not be cited or reproduced without permission of the author. This document was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, or any of their employees, makes any warranty, expressed or implied, or assumes any legal ...

Should the Federal Reserve or any other government agency make precise statements about its policy objectives? Determining the proper amount of secrecy in government generates controversy whether the agency involved undertakes espionage, banking, or monetary policy. Between the broad areas of agreement (classifying military strategies, publishing legislation) lie equally broad areas of contenti...

We use China as a laboratory to test the effect of government quality on cash holdings. We build on, and extend, the existing literature on government expropriation and its interaction with firm-level agency problems by proposing a financial constraint mitigation argument. We find that firms hold less cash when local government quality is high, which is not consistent with the state expropriati...

The objective of this study is to understand why e-government projects are initiated at the first place. I define an e-government project as an effort by a government agency by itself or by partnership with other government agencies, private firms and/or civil societal organizations to use information and communication technologies (hereafter ICTs; they are technologies that capture, transmit a...

Each year, US government agencies promulgate health and safety regulations that impose hundreds of millions of dollars of costs on the national economy. A key issue in developing these regulations is determining whether the value of the associated risk reductions and other benefits exceeds the value of the resources diverted from other purposes. This article explores one component of this benef...

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Government nor any agency thereof, nor any of their employees, makes any warranty, expressed or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any speciic commercial product, process, or s...

Over the past several years, the United States government has spent substantial resources on preparing the nation against a bioterrorist attack. This article analyzes the civilian biodefense funding by the federal government from fiscal years 2001 through 2005, specifically analyzing the budgets and allocations for biodefense at the Department of Health and Human Services, the Department of Hom...

Since 2001, the United States government has spent substantial resources on preparing the nation against a bioterrorist attack. An earlier article analyzed the civilian biodefense funding by the federal government from fiscal years 2001 through 2005. This article updates those figures with budgeted amounts for fiscal year 2006, specifically analyzing the budgets and allocations for biodefense a...