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The impact of school resources on student outcomes was first raised in the 1960s and has been controversial since then. This issue enters into the decision making on school finance in both legislatures and the courts. The historical research found little consistent or systematic relationship of...
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Open access, competitive exploitation can be incredibly damaging to valuable resources and the human populations that depend upon them. Even though wealth, resource rents and stocks are at stake, open access often seems to be ineffectively addressed across time and space. Institutions vary....
Persistent link: https://www.econbiz.de/10014468221
This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price-theoretic models allow for various market frictions and imperfections including market power, coordination costs, tax distortions, and incomplete innovation incentives. A rigorous...
Persistent link: https://www.econbiz.de/10014247918
regulations with faster transitions clash with affordability and reliability goals …
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In many market-design applications, a new mechanism is introduced to reform an existing institution. Compared to the … design of a mechanism in isolation, the presence of a status-quo system introduces both challenges and opportunities for the … designer. We study this problem in the context of reforming the mechanism used to assign Child Protective Services (CPS …
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Health insurance is increasingly provided through managed competition, in which subsidies for consumers and risk adjustment for insurers are key market design instruments. We illustrate that subsidies offer two advantages over risk adjustment in markets with adverse selection. They provide...
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