on health care quality, health care financing and welfare. A decentralised solution without patient mobility leads to too …

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public …

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public …

state. Softer budgets reduce cost efficiency, while the effect on quality is ambiguous. For given cost efficiency, softer …

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … approaches the technology frontier, selection becomes more important. As a result, countries at early stages of development … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …

insurance and preferences are nonseparable. This result appears to support the conclusion of the above mentioned folk theorem …