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TNF-alpha inhibitors represent one of the most important areas of biopharmaceuticals by sales, with three blockbusters accounting for 8 per cent of total pharmaceutical sale in Norway. Novelty of the paper is to examine, with the use of a unique natural policy experiment in Norway, to what...
Persistent link: https://www.econbiz.de/10013118139
Does regional decentralization threaten the commitment to regional equality in government outcomes? We attempt to shed light on this question by drawing on unique evidence from the largest European unitary states to have engaged in countrywide health system decentralization: Italy and Spain. We...
Persistent link: https://www.econbiz.de/10012986117
Competition among physicians is widespread, but compelling empirical evidence on the impact on service provision is …
Persistent link: https://www.econbiz.de/10012944981
are young (less than physicians), but there is also a weak tendency of higher mobility again when they are approaching … physicians). These low elasticities shadow for stronger responses, shifting labor away from part time jobs in the public and … physicians the impact is stronger …
Persistent link: https://www.econbiz.de/10013040495
A longitudinal analysis of married physicians labor supply is carried out on Norwegian data from 1997 to 1999. The … model utilized for estimation implies that physicians can choose among 10 different job packages which are a combination of … cut moves married physicians towards full time job packages, in particular to full time jobs in the private sector. But …
Persistent link: https://www.econbiz.de/10013315919
We investigate the dynamics of prices, information and expectations in a competitive, noisy, dynamic asset pricing equilibrium model with long-term investors. We argue that the fact that prices can score worse or better than consensus opinion in predicting the fundamentals is a product of...
Persistent link: https://www.econbiz.de/10013134234
Adaptation is omnipresent but people systematically fail to correctly anticipate the degree to which they adapt. This leads individuals to make inefficient intertemporal decisions. This paper concerns optimal income taxation to correct for such anticipation-biases in a framework where consumers...
Persistent link: https://www.econbiz.de/10013104834
This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...
Persistent link: https://www.econbiz.de/10013083266
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10013072106
We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical German data. Firms' forecasts improve with age. We exploit German Reunification as a natural experiment where firms in the East are treated with ignorance about the distribution...
Persistent link: https://www.econbiz.de/10012964186