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An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the associated financial risks is through mandating nuclear operators to have liability insurance. This paper presents estimates of...
Persistent link: https://www.econbiz.de/10001729425
Health economists have studied the determinants of the expected value of health status as a function of medical and nonmedical inputs, often finding small marginal effects of the former. This paper argues that both types of input have an additional benefit, viz. a reduced variability of health...
Persistent link: https://www.econbiz.de/10003900770
In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...
Persistent link: https://www.econbiz.de/10003900852
estimation (SURE) method is applied for filtering out the systematic component of the covariance matrix of the cost changes …
Persistent link: https://www.econbiz.de/10003289775
The impact of aging on healthcare expenditure (HCE) has been at the center of a prolonged debate. This paper purports to shed light on several issues. First, it presents new evidence on the relative importance of the two components of HCE that have been distinguished by Zweifel, Felder and Meier...
Persistent link: https://www.econbiz.de/10003216021
This contribution starts out by noting a conflict of interest between consumers and insurers. Consumers face positive correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage. Insurers on the other hand eschew positively...
Persistent link: https://www.econbiz.de/10003354444
The purpose of this paper is to analyze the efficiency of the 26 Swiss cantons over the period 2000 to 2004 applying Data Envelopment Analysis (DEA). A Total Public Sector Performance (TPSP) indicator for eight local government activities (administration, public safety, education, culture and...
Persistent link: https://www.econbiz.de/10003892461
costs are found to be correlated, Seemingly Unrelated Regression Estimation (SURE) is used to filter out the systematic … electricity markets. -- efficiency frontier ; energy ; electricity ; portfolio theory ; Seemingly Unrelated Regression Estimation …
Persistent link: https://www.econbiz.de/10003892462
benefit list of social health insurance. A discrete choice experiment (DCE) was conducted in Germany to measure preferences …
Persistent link: https://www.econbiz.de/10003900791
measures willingness to pay for health insurance attributes in Germany and the Netherlands. Since the Dutch DCE was carried out … government in the context of the reform effective in the sense of reducing status quo bias? Based on random-effects Probit …, status quo bias in the Netherlands is one-half of the German value, suggesting that Dutch consumers were indeed made to bear …
Persistent link: https://www.econbiz.de/10008695364