Showing 1 - 10 of 151
Summary This article reviews the basic theoretical model of risk adjustment (Glazer/McGuire 2000) with a special focus on a coherent presentation of the main results. With adverse selection a regulator pursuing efficiency and solidarity objectives will need a risk adjustment scheme acting on a...
Persistent link: https://www.econbiz.de/10014609161
Summary In order to avoid too many tied games after playing the five-minute overtime period, the National Hockey League (NHL) introduced two rule changes in the 1999-2000 season. First, a team that loses in overtime receives one point instead of zero points. Second, the number of skaters in...
Persistent link: https://www.econbiz.de/10014609393
A public economics framework is used to consider how pharmaceuticals should be priced when at least some of the research and development incentive comes from sales revenues. Familiar techniques of public finance are used to relax some of the restrictions implied in the standard use of Ramsey...
Persistent link: https://www.econbiz.de/10015360500
The contingency model was used to evaluate the impact of a new accounting technology (Diagnosis‐related Group (DRG) systems in US hospitals on the perceived role and importance of accountants and accounting data, their job performance evaluation and job satisfaction, contingent upon the nature...
Persistent link: https://www.econbiz.de/10014641453
/methodology/approach – The paper uses the real option approach in order to take into account for uncertainty and irreversibility of the farmer … the uncertainty in agricultural commodities' prices.  …
Persistent link: https://www.econbiz.de/10014667442
point estimate with a specified confidence level better matches uncertainty in measuring future cash flows. Originality … improve investors’ perceptions of fair value reliability. Because of the subjectivity and uncertainty in fair value estimates … its underlying uncertainty in future cash flows. A less precise format could represent a credible choice for fair value …
Persistent link: https://www.econbiz.de/10014676910
, contract management skills of urban local bodies (ULBs), and uncertainty. Findings The findings suggest that bundling of MSW … supply chain would increase the uncertainty of the project, and that contract management skills have a detrimental effect but …
Persistent link: https://www.econbiz.de/10014677950
management orientation, process choice, and environmental uncertainty are the contextualizing variables. The model posits that to …
Persistent link: https://www.econbiz.de/10014687487
through targeted resource allocation, by focusing on the supply chain's level of uncertainty exposure. Specifically, the issue … areas of uncertainty and flexibility an analytical process for assessing uncertainty-flexibility mismatches was developed … organisational practice. Findings – The paper emphasises the importance of having a systematic and encompassing view of uncertainty …
Persistent link: https://www.econbiz.de/10014688670
Purpose – The purpose of this paper is to examine the extent to which managers’ perceptions of cultural distance – one of the most important explanatory factors in the field of international business – are congruent with objective reality. Design/methodology/approach – By subjecting a...
Persistent link: https://www.econbiz.de/10014692812