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Reprioritizing Government Spending on Health: Pushing an Elephant Up the Stairs?

Tandon, Ajay; Fleisher, Lisa; Li, Rong; Yap, Wei Aun - Economics Research, World Bank Group - 2014

theoretical and empirical perspectives on allocation of public resources to health vis-a-vis other sectors from the perspective of … reprioritization, one of the modalities for realizing fiscal space for health. Theory and cross-country empirical analyses do not … provide clear, cut explanations for the observed variations in government prioritization of health. Standard economic theory …

Persistent link: https://www.econbiz.de/10010754596

Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk

Hu, Audrey; Zou, Liang - Tinbergen Instituut - 2008

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights, contracts, or licenses that involve ensuing payoff uncertainty for the winning bidder. The distribution of the random payoff is common knowledge, except that bidders have private...

Persistent link: https://www.econbiz.de/10011256873

Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk

Hu, Audrey; Zou, Liang - Tinbergen Institute - 2008

Persistent link: https://www.econbiz.de/10005136943

Depression as a Nash Equilibrium Consisting of Strategies of Choosing a Pareto Inefficient Transition Path

Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2009

This paper shows that a Nash equilibrium consisting of strategies of choosing a Pareto inefficient transition path is selected by households even without frictions as a result of the revealed government failure in supervision of financial markets. The Pareto inefficiency causes the generation of...

Persistent link: https://www.econbiz.de/10008533689

A Mechanism of Cyclical Volatility in the Vacancy-Unemployment Ratio: What Is the Source of Rigidity?

Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2011

The conventional search and matching model has been criticized for its inability to explain large cyclical volatility in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such volatility without assuming wage rigidity by showing that...

Persistent link: https://www.econbiz.de/10009228915

Incorporating Behaviroal Assumptions Into Game Theory

Rabin, Matthew - Institute of Business and Economic Research (IBER), … - 1992

Persistent link: https://www.econbiz.de/10010677826

Health Financing Options for Samoa : Challenges and Opportunities

Anderson, Ian - Economics Research, World Bank Group - 2013

Samoa currently faces two important public policy challenges in the health sector. One is to stem, and then reverse, the rapid rise of non-communicable diseases (NCDs). The second challenge is to put the country on a health-financing path that is effective, efficient, and financially affordable...

Persistent link: https://www.econbiz.de/10010932945

Understanding Fixed Point Theorems

Arnold, Lutz G. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2003

Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...

Persistent link: https://www.econbiz.de/10005607526

Protecting minorities through the average voting rules

Renault, Régis; Trannoy, Alain - Groupement de Recherche en Économie Quantitative … - 2003

Properties of an average voting rule - the outcome being some weighted average of votes – are investigated, with particular attention to its ability to protect minorities. The unique average voting outcome is characterized with a median formula which depends on the voters’ preferred...

Persistent link: https://www.econbiz.de/10005512019

Income taxation and voluntary provision of public goods -Some counterintuitive results-

Nett, Lorenz; Peters, Wolfgang - University of Bonn, Germany - 1993

Persistent link: https://www.econbiz.de/10004968145