Recipients of government transfers are presently discouraged from gainful employment to avoid drastic benefit reductions. This enforced idleness promotes welfare dependency and reduces the employability of transfer recipients. An easier transition between the transfer economy and the money...

Ever since Naor (1969) suggested that the length of waiting traffic lines could be regulated by toll, economists have been busy trying to explain why restaurants might be reluctant to regulate customer waiting lines through differential pricing. This paper shows that in a multi-step service...

Pooling health risk through insurance has led to cost explosion because centralized third-party payers with deep pockets cannot deny even cost ineffective medical treatment for life-and-death cases without arousing a sense of tragedy and inviting legal challenges. If the same total health budget...

Pooling health risks through insurance has led to cost explosion because centralized third-party payers cannot deny even cost ineffective treatment for life-and-death cases without arousing a sense of tragedy and inviting legal challenges. If the same total health budget is distributed equally...