This paper considers a model of defensive medicine where doctors are imperfect agents of insured patients. A national insurer subsidises both curative and preventive medical care consumed by risk averse patients. We show that in such an environment, the optimal liability regime is similar to the...

This study investigates what factors determine students' academic performance in five major economies in East Asia, using the dataset from the 2007 survey of Trends in International Mathematics and Science Study (TIMSS). We explicitly consider initial maturity differences, endogeneity of class...

本稿では、各職業に必要とされるスキルを数値化し、スキル面での労働市場の二極化の長期的推移を見た。具体的には、Autor, Levy and Murnane...

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