Direct-to-consumer advertising of pharmaceuticals has led to questions of whether consumers benefit from the additional drug information, or are harmed by being induced to pursue prescriptions that are unnecessary or even dangerous. We conducted an empirical study of the relation between...

There is a growing interest in cross-border medical care and its comparative advantages. In addition, medical care can be defined as a local assurance good. Little research is being carried out in this field. This paper discusses the individual considerations for medical treatment offered at...

This paper deals with the question how to model health effects after the cessation of a randomised controlled trial (RCT). Using clinical trial data on severe congestive heart failure patients we illustrate how survival beyond the cessation of a RCT can be predicted based on parametric survival...

There is a growing interest in cross-border medical care and its comparative advantages. In addition, medical care can be defined as a local assurance good. Little research is being carried out in this field. This paper discusses the individual considerations for medical treatment offered at...

This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can be framed either medically or neutrally. The potential recipients differ with respect to their minimum needs as well as to how much they benefit from a treatment. We classify...

This paper deals with the question how to model health effects after the cessation of a randomised controlled trial (RCT). Using clinical trial data on severe congestive heart failure patients we illustrate how survival beyond the cessation of a RCT can be predicted based on parametric survival...

It is nowadays unquestionable that the defense of the environmental quality and to it safeguards of the natural resources are fundamental slopes of the social development. The exploration of the common natural resources (water, air, soil, natural landscapes and humanized) it has been provoking...

This paper has two goals. The first is to show that the heat hypothesis provides a partial explanation of violent crime in society. The second is to suggest an alternative hypothesis that intentional homicides can be explained by the level of income inequality, even when controlling thermal...

We investigate how a compensation committee's peer-specific knowledge affects its ability to implement relative performance evaluations (RPE) in CEO compensation. Peer-specific knowledge refers to information about internal operations of (potential) peer firms. We predict that peer-specific...

This paper describes the application of a semiparametric approach, known as a varying coefficients model (Hastie and Tibshirani 1993), to implement a Oaxaca-Blinder type of decomposition in the presence of self-selection into treatment groups for a continuum of comparison groups. The flexibility...