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contracts between a large managed care organization and leading hospitals for the provision of organ and tissue transplants …. Exploiting "donut holes" in the reimbursement contracts we estimate how the total claims filed by the hospitals depend on the …
Persistent link: https://www.econbiz.de/10013117577
; restricted mobility allowed workers to commit to risk-sharing contracts with lower, but less volatile, wages …
Persistent link: https://www.econbiz.de/10013124857
Governments often contract with private firms to provide public services such as health care and education. To decrease firms' incentives to selectively enroll low-cost individuals, governments frequently "risk-adjust" payments to firms based on enrollees' characteristics. We model how risk...
Persistent link: https://www.econbiz.de/10013126203
mechanisms that have been and can be used to combat these failures. Standardized contracts and creditable coverage mandates are …
Persistent link: https://www.econbiz.de/10013108304
nevertheless be achieved if clients, employers, and workers can renegotiate these restrictive employment contracts and make … compensating transfers. If workers cannot finance transfers to employers, however, employers and workers will sign contracts that … of these contracts. With or without liquidity constraints, locations where non-compete contracts are less enforced will …
Persistent link: https://www.econbiz.de/10013069964
Experimental evidence to date supports the double theoretical prediction that parties transacting repeatedly punish bad contractual performance by reducing future offers, and that the threat of punishment disciplines opportunistic breach. We conduct a repeated gift-exchange experiment with...
Persistent link: https://www.econbiz.de/10012963754
existing accounting standards allow governments to renegotiate PPP contracts and elude spending limits. Our model of … renegotiations in the early stages of the contract, e.g. during construction. We use data on Chilean renegotiations of PPP contracts … that if PPP investments are counted as current government spending, the incentives to renegotiate contracts to increase …
Persistent link: https://www.econbiz.de/10013156676
enforcement of intertemporal contracts. Lustig (2004) has shown that in such a model the asset pricing kernel can be written as a …
Persistent link: https://www.econbiz.de/10012775482
front-loaded contracts respond to newly mandated portability requirements of their old-age provisions. To foster competition …
Persistent link: https://www.econbiz.de/10012954932
Purchase obligations are forward contracts with suppliers and are used more broadly than traded commodity derivatives …. This paper is the first to document that these contracts are a risk management tool and have a material impact on corporate … hedging activity. Firms that expand their risk management options following the introduction of steel futures contracts …
Persistent link: https://www.econbiz.de/10012958576