This paper investigates the effects of global budgets on the amount of resources devoted to cardio-cerebrovascular disease patients by hospitals of different ownership types and these patients’ outcomes. Theoretical models predict that hospitals have financial incentives to increase the...

The conventional computational algorithms for full information maximum likelihood (FIML) estimation of the censored probit model (see Farber, 1983), will sometimes fail to converge when the estimated value of the correlation coefficient (ñ) approaches ±1; even when the true value of ñ is not...

Evans and Jovanovic (1989) find that wealth is an important determinant of business startups due to liquidity constraints. However, Cressy (2000) argues that if risk aversion is a negative function of wealth, Evans and Jovanovic's empirical results could be spurious and the positive effect of...

Obesity is an epidemic health problem in many developed countries, and it is an emerging public health concern in developing, transitional, and newly-developed countries. The purpose of this research is to investigate the relationship between individuals' knowledge concerning the health risks of...

This paper analyzes the effects of parenting practices on children's education. Our empirical analyses are based on household data from Taiwan. More specifically, we investigate the influence of parents' child-rearing practices (i.e., encouragement and punishment) on their children's education...