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hospital are available. The private manager internalizes profits, and has an incentive both to refuse to treat costly patients … optimal to buy part of the services from the private hospital. This may be the case for procedures that are easier to … standardize, such as elective surgery. Since the regulator acts as an insurer for the whole population, a public hospital has to …
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This note presents a modest extension of the very useful "theorem of the deductible" (Arrow, American Economic Review, 1963). The extension concerns ex post moral hazard in medical insurance. Under full insurance above a deductible, the marginal cost of treatment to the insured is zero,...
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Long term care (LTC) is mainly provided by the family and subsidiarily by the market and the government. To understand the role of these three institutions it is important to understand the motives and the working of family solidarity. In this paper we focus on the case when LTC is provided by...
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demand vectors derived from a not necessarily metonymic population is identical to the distribution derived from some …
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