In 1997, Grabowski and Mullins described why pharmacy benefit management use of pharmacoeconomics was limited. The current manuscript examines recent changes in health care payers' use of pharmacoeconomic information, payers' perceptions of that information's value for informing formulary...

The usefulness of the vector autoregression (VAR) approach to forecasting regional economies is explored. A VAR model and a Bayesian VAR (BVAR) model of selected New York State economic variables are constructed using monthly data. Their predictions about these variables are compared with ARIMA...

Does empirical work in economics both provoke and test theoretical models, or does model development proceed according to a theory-oriented research program, with little interaction with empirics? Robert Solow and Richard Lipsey have articulated different visions of this relationship. This...

Numerous empirical literatures display conflicting results. This paper examines the conflicting results concerning the rationality of forecasts and expectations. Meta-analysis techniques are used to examine the empirical studies that tested the rationality hypothesis. What did we know, and when...