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Insolvency proceedings are strategic for the competitiveness of a national economy. The new law, but also new financial situation of organizations affect the new normal of insolvency framework. In Europe, standards aimed at creating an efficient framework for corporate insolvency resolution are...
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work for broader issues in both macroeconomics and the theory of the firm. …
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policies. Such policies must make tradeoffs appropriately between risk sharing on the one hand and agency problems such as … for care up to the point where the marginal gains from less risk sharing are just offset by the marginal benefits from …
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This paper is concerned with the economics of mental health. We argue that mental health economics is like health economics only more so: uncertainty and variation in treatments are greater; the assumption of patient self-interested behavior is more dubious; response to financial incentives such...
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cost of illness but also leads to overconsumption of care when sick. Optimal insurance balances the marginal costs of risk … differential pricing is a welfare loss, since it denies sick people the benefits of ex ante pooling of risk type. Even if insurers …
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and “offset effects” with the traditional risk protection-appropriate incentives trade-off. The practice of selective … contracting on the supply side is an alternative to demand-side cost sharing. A third section proposes a theory of selective …
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