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Cohen, Alma; Neeman, Zvika; Auferoth, Florian - National Bureau of Economic Research - 2021

Individuals who engage in "judging" - that is, rendering a determination in a dispute or contest between two parties - might be influenced by public pressure to favor one of the parties. Many rules and arrangements seek to insulate such individuals from public pressure or to address the effects...

Persistent link: https://www.econbiz.de/10012585378

Reference Pricing of Pharmaceuticals for Medicare : Evidence from Germany, the Netherlands and New Zealand

Danzon, Patricia Munch - 2003

This paper describes three prototypical systems of therapeutic reference pricing (RP) for pharmaceuticals -- Germany …, manufacturer prices and out-of-pocket surcharges to patients. RP for pharmaceuticals is not simply analogous to a defined … contribution approach to subsidizing insurance coverage. Although a major purpose of RP is to stimulate competition, theory …

Persistent link: https://www.econbiz.de/10012468691

Do Pharmaceutical Prices Respond to Insurance?

Pavcnik, Nina - 2000

Despite the importance of patient insurance in the market for prescription pharmaceuticals, little is known about the …

Persistent link: https://www.econbiz.de/10012470878

Accelerating Vaccine Innovation for Emerging Infectious Diseases via Parallel Discovery

Barberio, Joseph; Becraft, Jacob; Ben Chaouch, Zied; … - National Bureau of Economic Research - 2022

We analyze the financial performance of a hypothetical portfolio of 120 mRNA vaccine candidates in the preclinical stage targeting 11 emerging infectious diseases. We calibrate the simulation parameters with input from domain experts in mRNA technology and an extensive literature review. We find...

Persistent link: https://www.econbiz.de/10013334345

The industrial organization and regulation of the securities industry

Lo, Andrew W. (ed.) - 1996

Persistent link: https://www.econbiz.de/10000937532

Country Portfolios

Kraay, Aart - 2000

How do countries hold their financial wealth? We construct a new database of countries' claims on capital located at home and abroad, and international borrowing and lending, covering 68 countries from 1966 to 1997. We find that a small amount of capital flows from rich countries to poor...

Persistent link: https://www.econbiz.de/10012470955

Why Stocks May Disappoint

Ang, Andrew - 2000

Recently much progress has been made in developing optimal portfolio choice models accomodating time-varying opportunity sets, but unless investors are unreasonably risk averse, optimal holdings include unreasonably large equity positions. One reason is that most studies assume investors behave...

Persistent link: https://www.econbiz.de/10012470967

Trading Volume : Definitions, Data Analysis, and Implications of Portfolio Theory

Lo, Andrew W. - 2000

We examine the implications of portfolio theory for the cross-sectional behavior of equity trading volume. Two …

Persistent link: https://www.econbiz.de/10012471146

Expectations Hypotheses Tests

Bekaert, Geert - 2000

We investigate the Expectations Hypotheses of the term structure of interest rates and of the foreign exchange market using vector autoregressive methods for the U.S. dollar, Deutsche mark, and British pound interest rates and exchange rates. In addition to standard Wald tests, we formulate...

Persistent link: https://www.econbiz.de/10012471161

Why a Funded Pension System is Useful and Why It is Not Useful

Sinn, Hans-Werner - 2000

Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the...

Persistent link: https://www.econbiz.de/10012471177

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