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Moral Hazard And Horizontal Information
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Book Synopsis Moral Hazard in Health Insurance by : Amy Finkelstein
Download or read book Moral Hazard in Health Insurance written by Amy Finkelstein and published by Columbia University Press. This book was released on 2014-12-02 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice
Book Synopsis Managerial Economics For Dummies by : Robert Graham
Download or read book Managerial Economics For Dummies written by Robert Graham and published by John Wiley & Sons. This book was released on 2013-02-14 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: The easy way to make sense of managerial economics Does the study of Managerial Economics make your head spin? Relax! This hands-on, friendly guide helps you make sense of complex business concepts and explains to you in plain English how Managerial Economics enhances analytical skills, assists in rational configuration, and aids in problem-solving. Managerial Economics For Dummies gives you a better understanding of all the major concepts you'll encounter in the classroom: supply and demand, elasticity, decision-making, quantitative analysis of business situations, risk analysis, production analysis, pricing analysis, capital budgeting, critical thinking skills, and much more. Tracks to a typical Managerial Economics course Includes easy-to-understand explanations and examples Serves as a valuable classroom supplement If you're enrolled in business courses looking for a supplemental guide to aid your understand of the complex theories associated with this difficult topic, or a manager already in the corporate world looking for a refresher, Managerial Economics For Dummies has you covered.
Download or read book Managerial Economics written by Ivan Png and published by Routledge. This book was released on 2012 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the key concepts of micro-economics intuitively, without requiring any sophisticated mathematics. Throughout, it emphasizes actual management application, and links to other functions including marketing and finance.
Book Synopsis Better Health Economics by : Tal Gross
Download or read book Better Health Economics written by Tal Gross and published by University of Chicago Press. This book was released on 2024-01-09 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: An ideal entry point into health economics for everyone from aspiring economists to healthcare professionals. The economics of healthcare are messy. For most consumers, there’s little control over costs or services. Sometimes doctors are paid a lot; other times they aren’t paid at all. Insurance and drug companies are evil, except when they’re not. If economics is the study of market efficiency, how do we make sense of this? Better Health Economics is a warts-and-all introduction to a field that is more exceptions than rules. Economists Tal Gross and Matthew J. Notowidigdo offer readers an accessible primer on the field’s essential concepts, a review of the latest research, and a framework for thinking about this increasingly imperfect market. A love letter to a traditionally unlovable topic, Better Health Economics provides an ideal entry point for students in social science, business, public policy, and healthcare. It’s a reminder that healthcare may be a failed market—but it’s our failed market.
Book Synopsis The Challenges of Catastrophe Risk Management: Empirical Analyses in the CAT Bond Market by : Tobias Götze
Download or read book The Challenges of Catastrophe Risk Management: Empirical Analyses in the CAT Bond Market written by Tobias Götze and published by Cuvillier Verlag. This book was released on 2021-03-22 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to the increasing relevance of natural catastrophes as a significant global source of risk and the capacity constraints in primary insurance and reinsurance markets, CAT bonds have become an important instrument to manage catastrophe risks by transferring them to the capital market. In three empirical studies, this dissertation examines the challenges related to catastrophe risk management with CAT bonds. First, the factors that influence the substitution of traditional reinsurance by CAT bonds are identified. These factors consist of the insured risk layer and the extends of reinsurer default risk, basis risk, and asymmetric information. Second, the accessibility of the CAT bond market for (re)insurance companies is analyzed and the results exhibit the existence of barriers to market entry in the form of higher premiums being paid by less reputable and financially weaker CAT bond sponsors. The third empirical study shows that CAT bond sponsors are susceptible to moral hazard, but also that moral hazard can be successfully prevented by sufficient loss retention or by the use of non-indemnity CAT bonds. Altogether, this dissertation contributes to improving the understanding of the CAT bond market and the challenges of catastrophe risk management using CAT bonds.
Book Synopsis Governance in Modern Society by : Oscar van Heffen
Download or read book Governance in Modern Society written by Oscar van Heffen and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the immediate result of the co-operation of a great number of scholars in the Netherlands Institute of Government (NIG). NIG is an interuniversity research school. As such it has a double task. In addition to offering a Ph.D program to students in Public Administration it also is a research institute in which a great number of scholars from seven Dutch universities participate and work on a common research program. The chapters in this book are all products of the research program that started in 1995. This program had the ambition to explore the frontiers of the discipline in two respects. First by studying a number of recent developments in society and their consequences for the functioning of government. These consequences can be summarised as the development of a system of multi level and multi actor governance. Second, by contributing to the knowledge of institutions, both by studying what factors are most important in the formation and change of institutions and by studying the effects of institutions on the behaviour of actors in different political and administrative settings. Most contributions to this volume either have their origin in conferences organized by the NIG or were published as an NIG working paper. We are grateful to Marcia Clifford and Connie Hoekstra who prepared the final version of the manuscript, to Ian Priestnall who took care of the language editing and to an anonymous reviewer whose comments were gratefully used.
Book Synopsis Sourcing Strategy by : Sudhi Seshadri
Download or read book Sourcing Strategy written by Sudhi Seshadri and published by Springer Science & Business Media. This book was released on 2005-04-07 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sourcing Strategy is about sourcing as a long term strategic activity. Myopic purchasing management stops short with describing functional procedures and procedural innovations such as online order processing. The goal of this book is not merely to document sourcing strategy, but to provide the tools to determine it. Therefore, rather than merely describe common sourcing processes, the book takes a normative approach to sourcing strategy. It argues for a rational, complete and integrated process view. It supports its recommendations with logical arguments from an interdisciplinary and analytical approach grounded in microeconomics, law and business strategy. Part 1 of the book explains the economic and business principles that underlie sourcing strategies. It derives policies that guide viable strategies to meet sourcing goals. Part 2 applies these to creative designs for standard sourcing scenarios.
Book Synopsis Managerial Economics, 4th Edition by : Ivan Png
Download or read book Managerial Economics, 4th Edition written by Ivan Png and published by Routledge. This book was released on 2013-09-11 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in its fourth edition, Ivan Png's Managerial Economics has been extensively revised with ** A completely new introductory chapter emphasizing decision-making and behavioral biases, ** Intensive application to current issues including the sub-prime financial crisis and global competition, as well as ** Streamlined presentation focusing on the economics that managers need to know. As always, the text presents the key concepts of micro-economics intuitively, without requiring any sophisticated mathematics. Throughout, it emphasizes actual management application, and links to other functions including marketing and finance. The new fourth edition is updated with fresh up-to-date discussion questions from all over the world and enhanced with detailed instructor supplements. It is an ideal text for any course focusing on the practical application of micro-economic principles to management.
Book Synopsis A Comprehensive Assessment of the Role of Risk in U.S. Agriculture by : Richard E. Just
Download or read book A Comprehensive Assessment of the Role of Risk in U.S. Agriculture written by Richard E. Just and published by Springer Science & Business Media. This book was released on 2002 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research are poorly suited for problems with aggregate data where risk averse behavior is less likely to be important. This book is intended to (i) define the current state of the literature on agricultural risk research, (ii) provide a critical evaluation of economic risk research on agriculture to date and (iii) set a research agenda that will meet future needs and prospects. This type of research promises to become of increasing importance because agricultural policy in the United States and elsewhere has decidedly shifted from explicit income support objectives to risk-related motivations of helping farmers deal with risk. Beginning with the 1996 Farm Bill, the primary set of policy instruments from U.S. agriculture has shifted from target prices and set aside acreage to agricultural crop insurance. Because this book is intended to have specific implications for U.S. agricultural policy, it has a decidedly domestic scope, but clearly many of the issues have application abroad. For each of the papers and topics included in this volume, individuals have been selected to give the strongest and broadest possible treatment of each facet of the problem. The result is this comprehensive reference book on the economics of agricultural risk.
Book Synopsis The Handbook of Mortgage-backed Securities by : Frank J. Fabozzi
Download or read book The Handbook of Mortgage-backed Securities written by Frank J. Fabozzi and published by Oxford University Press. This book was released on 2016 with total page 831 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition, revised since the subprime mortgage crisis, is designed to provide not only the fundamentals of mortgage-backed securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage of state-of-the-art strategies for capitalizing on the opportunities in this market.
Book Synopsis The Conceptual Structure of EU Competition Law by : Csongor I. Nagy
Download or read book The Conceptual Structure of EU Competition Law written by Csongor I. Nagy and published by Edward Elgar Publishing. This book was released on 2024-10-03 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an Open Access title available under the terms of a CC BY-NC-ND 4.0 License. It is free to read, download and share on Elgaronline, thanks to generous funding support from the Ministry of Culture and Innovation of Hungary and the National Research, Development and Innovation Fund. The Conceptual Structure of EU Competition Law provides a systematic overview of the key theoretical issues of restrictive agreements, by means of doctrinal analysis and comparative law. Engaging in both positivist and evaluative approaches, Csongor Istvan Nagy conceptualizes case-law in practical terms, outlining its paradigmatic changes and apparent contradictions.
Book Synopsis Nursing Today - E-Book by : JoAnn Zerwekh
Download or read book Nursing Today - E-Book written by JoAnn Zerwekh and published by Elsevier Health Sciences. This book was released on 2013-08-07 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: A student favorite for its easy-to-read style, real-life applications, and humorous cartoons, Nursing Today: Transition and Trends, 7th Edition helps you make a successful transition from student to practicing nurse. It covers the profession's leading issues and opportunities, ensuring that you graduate not only with patient care skills but with career development skills including resume writing, finding a job, and effective interviewing. Test-taking tips and strategies prepare you for the NCLEX-RN® exam, and discussions of communication and management issues prepare you to succeed in the workplace. In this edition, well-known educator JoAnn Zerwekh and coauthor Ashley Zerwekh Garneau provide the latest information on nursing issues and trends including health care reform, patient safety, collective bargaining, and emergency preparedness. Thorough coverage prepares you for a professional nursing career by including all of the most important issues faced by the new nurse. An engaging presentation features lively cartoons, chapter objectives, bibliographies, and colorful summary boxes. Critical Thinking boxes are located in every chapter, with relevant questions and exercises to apply what you have learned to clinical practice. Evidence-Based Practice boxes focus on the research evidence that supports clinical practice. Real-life scenarios in each chapter illustrate and personalize the chapter topics. An emphasis on making the transition into the workplace is included in chapters such as NCLEX-RN and the New Graduate, Employment Considerations: Opportunities, Resumes, and Interviewing, and Mentoring and Preceptorship. A companion Evolve website includes Case Studies for every chapter, test-taking strategies, a sample NCLEX test tutorial, a sample NCLEX exam, appendices, and resume builder templates for creating professional resumes and cover letters.
Book Synopsis Nursing Today - Revised Reprint - E-Book by : JoAnn Zerwekh
Download or read book Nursing Today - Revised Reprint - E-Book written by JoAnn Zerwekh and published by Elsevier Health Sciences. This book was released on 2013-10-15 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: A student favorite for its easy-to-read style, real-life applications, and humorous cartoons, Nursing Today: Transition and Trends, 7th Edition Revised Reprint helps you make a successful transition from student to practicing nurse. It covers the profession's leading issues and opportunities, ensuring that you graduate not only with patient care skills but with career development skills including resume writing, finding a job, and effective interviewing. Test-taking tips and strategies prepare you for the NCLEX-RN® exam, and discussions of communication and management issues prepare you to succeed in the workplace. In this edition, well-known educator JoAnn Zerwekh and coauthor Ashley Zerwekh Garneau provide the latest information on nursing issues and trends including health care reform, patient safety, collective bargaining, and emergency preparedness. - Thorough coverage prepares you for a professional nursing career by including all of the most important issues faced by the new nurse. - An engaging presentation features lively cartoons, chapter objectives, bibliographies, and colorful summary boxes. - Critical Thinking boxes are located in every chapter, with relevant questions and exercises to apply what you have learned to clinical practice. - Evidence-Based Practice boxes focus on the research evidence that supports clinical practice. - Real-life scenarios in each chapter illustrate and personalize the chapter topics. - An emphasis on making the transition into the workplace is included in chapters such as NCLEX-RN® and the New Graduate, Employment Considerations: Opportunities, Resumes, and Interviewing, and Mentoring and Preceptorship. - A companion Evolve website includes Case Studies for every chapter, test-taking strategies, a sample NCLEX® test tutorial, a sample NCLEX® exam, appendices, and resume builder templates for creating professional resumes and cover letters.
Book Synopsis Strategic Management by : Arão Sapiro
Download or read book Strategic Management written by Arão Sapiro and published by Springer Nature. This book was released on with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Dictionary of Health Economics, Second Edition by : Anthony J. Culyer
Download or read book The Dictionary of Health Economics, Second Edition written by Anthony J. Culyer and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 713 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''Another masterpiece in health economics from a doyen in the field, this expanded and updated dictionary will undoubtedly become a standard reference work for scholars, practitioners and others working in this area. The definitions are concise, the coverage is comprehensive, the cross-referencing is excellent, and the subject and name indexes greatly assist navigation of this substantial tome. You will want to keep this one within arm''s reach.'' Jim Butler, Australia National University ''Health economics and health service research as well as health care policy, delivery and finance rely on a dizzying array of terms drawn from a diverse set of disciplines including (but not limited) to economics, epidemiology, risk science and statistics. Moreover, the health and health care systems are replete with acronyms and specialized institutions. The Dictionary of Health Economics provides the most comprehensive set of definitions and explanations of these terms available. It is a fantastic resource for anyone working in any health related field.'' Michael Chernew, Harvard Medical School, US ''This dictionary is unique. What other dictionary borders on being an enjoyable read? Its breadth is quite astonishing. It is also very clearly a health economics dictionary and will allow those in mainstream economics, in the other social sciences and in health sciences and health care to understand and be better able to communicate with health economists. It will also be a most useful addition to the bookshelves of health economists like myself.'' Gavin Mooney, University of Sydney, Australia ''This book is a welcome addition for graduate students or professionals interested in the taxonomy of health care.'' David Cutler, Harvard University, US ''Health economics is at the crossroads of medicine, economics, statistics, insurance, and the law. This often makes for difficult reading. But help is now available thanks to this amazingly comprehensive Dictionary of Health Economics. I for one ran into several entries that I did not or did not fully understand, but the very clear explanations changed that within a few moments! This Dictionary is a true service to the scientific community.'' Peter Zweifel, University of Zurich, Switzerland ''The Dictionary provides a comprehensive overview and authoritative yet accessible explanation of important terms and concepts from the increasingly important field of health economics. This excellent work will enable many entering this field, students and professionals alike, to quickly yet thoroughly grasp the meaning of the health economics jargon, facilitating study and (multi-disciplinary) co-operation. Anthony Culyer is sharing his impressive knowledge in this field in a clear and user-friendly fashion, hopefully to the benefit of many readers.'' Werner Brouwer, Erasmus University Rotterdam, the Netherlands ''An essential book to steer the student away from a minefield of inaccurate and woolly definitions and an important resource of the practitioner of health economics. A book that offers the reader accuracy and rigour in the definitions it provides of key terms in health economics alongside ready access.'' John Brazier, University of Sheffield, UK This second edition of Culyer''s authoritative Dictionary of Health Economics brings the material up to date and adds large amounts of new information. Some definitions have been revised. There are over 700 new entries. The Dictionary now also contains extensive references to the literature to identify original source material or to provide illustrations of the headword in use. The bibliography comprises some 1,000 items. In view of the huge growth in cost-effectiveness studies and the continuing variability in their quality, an appendix lists 100 high quality cost-effectiveness studies from all parts of the world. There are now many more entries and references relating to the developing world. New and separate subject and name indices provide supplementary means of searching the material and identifying individuals who have contributed significantly to the oeuvre.
Book Synopsis Fixing Financial Crises in the 21st Century by : Andrew Haldane
Download or read book Fixing Financial Crises in the 21st Century written by Andrew Haldane and published by Routledge. This book was released on 2004-04-01 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises have dogged the international monetary system over recent years. They have impoverished millions of people around the world, especially within developing countries. And they have called into question the very process of globalization. Yet there remains no intellectual consensus on how best to avert such crises, much less resolve th
Book Synopsis Industrial Organization by : Paul Belleflamme
Download or read book Industrial Organization written by Paul Belleflamme and published by Cambridge University Press. This book was released on 2015-07-30 with total page 827 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thoroughly revised according to classroom feedback, Industrial Organization: Markets and Strategies offers an up-to-date and rigorous presentation of modern industrial organization that blends theory with real-world applications and derives implications for firm strategy and competition policy. This comprehensive textbook acquaints readers with the most important models for understanding strategies chosen by firms with market power and shows how such firms adapt to different market environments. The second edition includes new and revised formal models and case studies. Formal models are presented in detail, and analyses are summarized in 'lessons' which highlight the main insights. Theories are complemented by numerous real-world cases that engage students and lead them to connect theories to real situations. Chapters include review questions, exercises, and suggestions for further reading to enhance the learning experience, and an accompanying website offers additional student exercises, as well as teaching slides.
