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Average-cost Pricing and Dynamic Selection Incentives in the Hospital Sector

Kifmann, Mathias; Siciliani, Luigi - C.E.P.R. Discussion Papers - 2014

framework. Patients differ in severity within a DRG. Providers are to some extent altruistic. For low altruism, a downward … spiral of prices is possible which induces hospitals to focus on low-severity cases. For high altruism, dynamic price … adjustment depends on relation between patients’ severity and benefit. In a steady state, DRG prices are unlikely to give optimal …

Persistent link: https://www.econbiz.de/10011084199

Reference-Dependent Preferences and Loss Aversion: A Discrete Choice Experiment In the Health-Care Sector

Neuman, Einat; Neuman, Shoshana - C.E.P.R. Discussion Papers - 2007

A Discrete Choice Experiment (DCE) in the health-care sector is used to test the loss aversion theory that is derived from reference-dependent preferences: The absolute subjective value of a deviation from a reference point is generally greater when the deviation represents a loss than when the...

Persistent link: https://www.econbiz.de/10005792351

Explorations of the Effect of Experience on Preferences: Two Health-Care Case Studies

Neuman, Einat; Neuman, Shoshana - C.E.P.R. Discussion Papers - 2006

The standard assumption in economic theory is that preferences are stable. In particular, they are not changed as a result of experience with the good/service/event. Behavioral scientists have challenged this assumption and claimed (providing evidence) that preferences are constantly changing...

Persistent link: https://www.econbiz.de/10005123715

Agency in Health-Care: Are Medical Care-Givers Perfect Agents?

Neuman, Einat; Neuman, Shoshana - C.E.P.R. Discussion Papers - 2007

It has been suggested in the literature that a source of incompleteness in the agency relationship between the doctor and the patient is that the provider may respond to an incomplete or biased perception of the patient’s interests. However, this has not been shown empirically. This paper is...

Persistent link: https://www.econbiz.de/10005504389

Explorations of the Effect of Experience on Preferences for a Health-Care Service

Neuman, Einat; Neuman, Shoshana - C.E.P.R. Discussion Papers - 2007

The standard assumption in economic theory is that preferences do not change as a result of experience with the commodity/service/event. Behavioural scientists have challenged this assumption, claiming that preferences constantly do change as experience is accumulated. This paper tests the...

Persistent link: https://www.econbiz.de/10005656214

Was the Thatcher Experiment Worth it? British Economic Growth in a European Context

Crafts, Nicholas - C.E.P.R. Discussion Papers - 1992

The changes in economic policy introduced in the UK after 1979 had a substantial impact on income distribution …

Persistent link: https://www.econbiz.de/10005666488

New Estimates of British Unemployment, 1870-1913

Boyer, George; Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2001

Existing estimates of the annual unemployment rate from 1870 to 1913 were constructed by the Board of Trade, initially in 1888, and updated thereafter. This is still the series which is widely used and cited. It is based on records of the number unemployed in various trade unions and it has a...

Persistent link: https://www.econbiz.de/10005666759

Price Competition, Innovation and Profitability: Theory and UK Evidence

Symeonidis, George - C.E.P.R. Discussion Papers - 2001

&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation … legislation in the UK had no significant effect on the number of innovations commercialized in previously cartelized R …

Persistent link: https://www.econbiz.de/10005666839

The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies

Artis, Michael J; Ehrmann, Michael - C.E.P.R. Discussion Papers - 2000

The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a … another: monetary union appears easy to recommend for Sweden and Denmark, much less so for Canada and the UK. …

Persistent link: https://www.econbiz.de/10005789208

Earnings and Seniority in Japan. A Re-appraisal of the Existing Evidence and a Comparison with the UK

Ariga, Kenn; Brunello, Giorgio - C.E.P.R. Discussion Papers - 1994

earnings growth. We apply this simple idea to Japanese and UK data. We find that tenure effects on earnings are positive but … smaller than the effects estimated with the traditional approach. In a comparative perspective, we also find that UK and …

Persistent link: https://www.econbiz.de/10005791889