This paper uses evidence from the capital markets to examine changes in the legal rules governing a form of non price vertical restraint, namely, exclusive territories (ET). During the past three decades the U.S. Supreme Court has reinterpreted section 1 of the Sherman Antitrust act concerning...

The standard theoretical framework of health economics, as summarized in public finance undergraduate textbooks (e.g., Rosen, 1995, chapter 11), draws attention to four problems. First, illness and accidents are unpredictable but costly events, and therefore health insurance is desirable....

Doctors and hospitals in the United States serve patients covered by many types of insurance. This overlap in the supply of health care services means that changes in the prices paid or the volume of services demanded by one group of patients may affect other patient groups. This paper examines...

Estimates of the costs and consequences of many types of public policy proposals play an important role in the development and adoption of particular policy programs. Estimates of the same, or similar, policies that employ different modeling approaches can yield widely divergent results. Such...

Inequality in access to health care services, through private purchase, appears to pose policy challenges greater than inequality in other spheres. This paper explores how inequality in access to health care services relates to social welfare. I examine the sources of private demand for health...

This paper examines the efficiency and equity implications of alternative health care system financing strategies. Using data across the OECD, I find that almost all financing choices are compatible with efficiency in the delivery of health care, and that there has been no consistent and...

Where and how one lives is associated with cancer survival. This study was designed to assess geographical region of residence, race/ethnicity, and clinical and socioeconomic factors as predictors of survival in a population based cohort of women with breast cancer followed for up to 12 years....