On the possibility of reducing public expenditures on medicine through deregulation. The market for medicine is special in three essential respects: (a) The role of the buyer is divided by three agents: the (informed) doctor, who prescribes the medicine, the public health insurance, which pays...

The spring load restriction policy of Minnesota has been in effect for over 50 years with little consideration given to the cost that it imposes on the freight industry. A cost-benefit study was recently commissioned to examine the policy. The cost-benefit analysis required a precise estimate of...