This paper presents a feasibility study of the mechanism of the National Health Services in U.K and the U.S. Medical Care System respectively. The issue is empirically examined from four aspects namely externalities, information asymmetry, and market failure. It comes to the conclusion that with...

We study an average-cost stochastic inventory control problem in which the firm can replenish inventory and adjust price at anytime. We establish the optimality to change the price from low to high in each replenishment cycle as inventory is depleted. With costly price adjustment, scale...

Background: The current health care reform in China launched in 2009 tackles the problem of access to appropriate medicines for its 1.3 billion people by focusing on providing essential medicines to all. To provide evidence for the reform process, we investigated the manufacturing, purchasing,...

Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity....

Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity....

China has introduced a system of community health centers (CHCs) to provide primary care. To test whether services provided by such centers are more cost-effective than treatment at local higher‐level hospitals, the study compared health outcomes and expenditures for patients with hypertension...

India and China are two similar developing countries with huge populations, rapid economic growth and limited natural resources, therefore facing the massive pressure of ensuring food security. In this paper, we will discuss the food security situations in these two countries by studying the...

We examine whether cross-firm return predictability is associated with accounting quality (AQ), and find that stock returns of good AQ firms significantly positively predict one-month-ahead stock returns to industry- and size- matched poor AQ firms. In testing a delayed-information-processing...