Showing 1 - 10 of 2,285
We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...
Persistent link: https://www.econbiz.de/10012820689
Analysing the US Panel Study of Income Dynamics, we present a new empirical method to investigate the extent to which households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a deflated fractional ordered probit model -...
Persistent link: https://www.econbiz.de/10011594575
We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of...
Persistent link: https://www.econbiz.de/10011880595
We revisit the incentive effects of elimination tournaments with a fresh approach to identification, the results of which strongly support that performance improves under the threat of elimination and does so, but only in part, due to increases in risk taking. Where we can separately identify...
Persistent link: https://www.econbiz.de/10011731884
Using a rich sample of admission records from New Orleans Touro Infirmary, we examine the in-hospital mortality risk of … likely to die in the hospital than the whites. We analyze the determinants of in-hospital mortality at Touro using Oaxaca … based on the selective hospital admission of slaves. -- Slavery ; hospital ; Oaxaca-type decomposition ; New Orleans ; Touro …
Persistent link: https://www.econbiz.de/10003752843
A Discrete Choice Experiment (DCE) in the health-care sector is used to test the loss aversion theory that is derived … paper is the first to use a DCE to test the loss aversion theory. A DCE appears to be a highly suitable tool for this … with non-tangible attributes. A health-care event is used for empirical illustration: The loss aversion theory is tested …
Persistent link: https://www.econbiz.de/10003652664
This paper uses an unusual administrative dataset covering the universe of French hospitals to consider hospital … for a number of measures of hospital output. NFP hospitals serve as a benchmark, being very similar to Public hospitals …, but without political influence on their hiring. Public-hospital employment is positively correlated with the local …
Persistent link: https://www.econbiz.de/10003975431
We analyze the efficiency and productivity growth of a representative sample of Portuguese hospitals from 1997 to 2004, using an innovative approach by employing the directional distance function and the Luenberger productivity indicator. The primary advantage of our approach is that both input...
Persistent link: https://www.econbiz.de/10003540286
Using the 1997-1998 New South Wales public-hospitals comparison data, we investigate the hospital-level inefficiency by … errors of the outputs of the hospital. The main findings are: First, inefficiency accounts for 9.3% of total hospital costs …
Persistent link: https://www.econbiz.de/10003523195
absence from work, we also consider effects on doctor/hospital visits and subjective health indicators. We also add to the … reform reduced the average number of days spent in hospital by almost half a day, but we cannot find robust evidence for …
Persistent link: https://www.econbiz.de/10003925209