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In order to avoid too many tied games after playing the five-minute overtime period, the National Hockey League (NHL …) introduced two rule changes in the 1999-2000 season. First, a team that loses in overtime receives one point instead of zero … points. Second, the number of skaters in overtime is reduced from five to four. The theoretical literature analyzing these …
Persistent link: https://www.econbiz.de/10010570340
This article reviews the basic theoretical model of risk adjustment (Glazer/McGuire 2000) with a special focus on a coherent presentation of the main results. With adverse selection a regulator pursuing efficiency and solidarity objectives will need a risk adjustment scheme acting on a signal to...
Persistent link: https://www.econbiz.de/10008596564
probit estimation in order to extract the relationship between the probability of overtime and of promotion. Unobserved … respect to overtime and promotion adjustments, is split into two estimates. On the one hand we do not distinguish between the …
Persistent link: https://www.econbiz.de/10008559112