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Supplier Discretion over Provision: Theory and an Application to Medical Care
Malcomson, James - CESifo - 2005
tests for coronary artery disease and to Medicare <i>diagnosis-related groups</i> defined by the treatment given, not just …
Persistent link: https://www.econbiz.de/10005766260
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Job Lock: Evidence from a Regression Discontinuity Design
Fairlie, Robert W.; Kapur, Kanika; Gates, Susane - CESifo - 2015
created at age 65 through the qualification for Medicare. Using a novel procedure for identifying age in months from matched … evidence that job mobility increases at the age 65 threshold when Medicare eligibility starts. We also do not find evidence …
Persistent link: https://www.econbiz.de/10011257676
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How to Sell a (Bankrupt) Company
Cornelli, Francesca; Felli, Leonardo - CESifo - 2000
The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors' proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...
Persistent link: https://www.econbiz.de/10005405745
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Conflicts with Multiple Battlefields
Dan Kovenock J.; Roberson, Brian - CESifo - 2010
This paper examines conflicts in which performance is measured by the players' success or failure in multiple component conflicts, commonly termed “battlefields”. In multi-battlefield conflicts, behavioral linkages across battlefields depend both on the technologies of conflict within each...
Persistent link: https://www.econbiz.de/10008671699
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The Scope of Auctions in the Presence of Downstream Interactions and Information Externalities
Koska, Onur A.; Onur, Ilke; Stähler, Frank - CESifo - 2015
-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and … alleviates adverse selection. It can earn the investor a higher expected payoff than a separating auction, even when consistency …
Persistent link: https://www.econbiz.de/10011205382