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In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...
Persistent link: https://www.econbiz.de/10012264228
The paper reviews models of the physician-patient relationship to derive testable hypotheses about the relation between health, demand for medical services and patient's compliance. The models imply that in addition to existing information asymmetries the actions that physician and patient...
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-level visits over 24 months in Massachusetts to answer this question. We find that patients are positively influenced by hospital … factors like age, gender, and race. For example, patients with more restrictive forms of insurance are less sensitive to … readmissions. This is because hospital advertisements drive patients to higher quality hospitals, which tend to advertise more and …
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A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...
Persistent link: https://www.econbiz.de/10014454771