This thesis investigates the impacts of user choice in Swedish elderly care on quality and cost as well as the impact of marketisation on the Covid-19 death toll. In the last three decades welfare service provision in Sweden has been increasingly marketised. Since 2009, Swedish municipalities have been able to introduce user choice in elderly care and it has been widely adopted in home care. To investigate the impact of introducing user choice, new insights from econometrics literature is used to estimate a staggered Difference-in-Difference model, using panel data for the years 2003-2019 and the 290 Swedish municipalities. The impact of marketisation on the Covid-19 death toll is estimated through Ordinary Least Squares using a cross-sectional data set. There are three main findings of this thesis. (i) The impact on quality and cost of the introduction of user choice has had heterogeneous effects across adoption groups, calendar time, and exposure length of treatment, and hence, the standard Difference- in-Difference approach is likely to provide biased estimates in this setting. (ii) The introduction of user choice has no clear effect on non-contractible quality measured by mortality rate and fall accidents, nor on cost. However, user choice has increased subjective quality, as measured by user satisfaction. (iii) A higher degree of marketisation in home care is associated with a higher Covid-19 death toll amongst those which had home care.

In this thesis, the impact of conservation banking on biodiversity is assessed by examining the bird species richness in U.S. counties that have implemented the policy. Conservation banking is a market-based instrument designed for developers who need to comply with the Endangered Species Act for the negative environmental impacts that their projects have made. Conservation banking aims to “protect and recover imperilled species and the ecosystems upon which they depend” (USFWS 2013, p. 1). In this thesis, a staggered difference-in-difference with differential timing by Goodman-Bacon (2018) and further developed by Callaway and Sant’Anna (2021) is used to estimate the effect of conservation banks on biodiversity. Data for biodiversity, bird species richness are collected from U.S. Geological Survey's data from the North American Breeding Bird Survey (BBS). Information on conservation banks is gathered from the Regulatory In-lieu fee and Bank Information Tracking System (RIBITS). This thesis focuses on 107 conservation banks in 53 counties in the U.S. established between 2005 and 2016. The main results from this study indicate a positive impact of the introduction of conservation banks, with an increase in biodiversity of 4,1%. Consequently, this confirms the positive effect of the policy intervention. Despite these results, it is vital to consider caution regarding this market-based instrument. Market-based instruments that commodify elements of nature into the market are a new frontier in capitalist expansion. This approach may exclude areas from the natural evolutionary selection process, leading to potential long-term ecological imbalances. Current payment structures in conservation banking can lead to misallocation of taxpayers’ money at the same time as biodiversity outcomes are not optimized. Therefore, the most fundamental recommendation for this policy is to change to outcome-based payments.