Since the demise of the Clinton national health plan in the early 1990s, a number of states in the US have continued to pursue health reform. The reforms reflect the on-going debate in the US and throughout the world over market-minimizing versus market-maximizing strategies to improve...

Purpose: The International League Against Epilepsy (ILAE) Commission on Healthcare Policy in consultation with the World Health Organization (WHO) examined the applicability and usefulness of various measures for monitoring epilepsy healthcare services and systems across countries. The goal is...

As the search for effective cost-containment policies continues, health care reform along pro-competition lines has gained considerable backing in the United States. By offering market competition to achieve allocational efficiency and vouchers and tax credits to achieve distributional equity,...

Modern Portfolio Theory and its proposed mean-variance optimization (MVO) framework can sometimes be an ineffective tool to Chief Investment Officers (CIO) responsible for selecting active managers for a particular asset class. The reason for ineffectiveness is the unstable nature of parameters...

The Selectivity Theory (Bolshakov, Chincarini & Lewis, 2021) was recently introduced as an alternative new optimization tool that a CIO can utilize in her strategy of picking active managers for an asset class. The main normative recommendation of the theory in this particular case would be that...

Investment managers that believe to have skill must choose some fraction of stocks in a benchmark to hold. Recent theory predicts that the optimal percentage of holdings for a manager with skill is between 50 and 80 percent of the benchmark. This theory requires a number of assumptions. Using...