This paper reports the results of a choice experiment designed to estimate the private welfare costs of stay-at-home policies during the COVID-19 pandemic. The study is conducted on a large and representative sample of the Swedish population. The results suggest that the welfare cost of a...

We study a patient-doctor-laboratory relationship in which the doctor's treatments are credence goods, clinical laboratory tests can provide information to mitigate issues arising from asymmetric information between the doctor and the patient, and the doctor plays the dual role of service...

The FDA sets a uniform hypothesis test's approval standard at the end of Phase III clinical trials for new drugs. We study the impact of flexible approval standards on experimentation and social welfare when pharmaceutical companies (firms) are strategic, especially in terms of the level of...