Recent healthcare reforms have sought to increase efficiency by introducing managed care (MC) as an alternative to conventional care. This article proposes an institutional change designed to let German consumers choose between the two settings through directing payments from the Federal Health...

An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the associated financial risks is through mandating nuclear operators to have liability insurance. This paper presents estimates of...