Incomplete information issues pervade health care markets, with market participants often having relatively little information, and their behavior exhibiting corresponding aberrations from classic market behavior.Consumers often have relatively little information about prices and quality offered...

Higher education functions in a global environment of consumers, employees, competitors, and partners. It has been a force for globalization and a model for adaptation, but nonetheless faces challenges. This volume of essays examines emerging issues and opportunities for advancing education...

This paper presents evidence that doctors behave very differently in making treatment recommendations depending on the region where they work, creating large variations in the quantities of care delivered to seemingly standardized populations. This evidence on "variations" (and the failure of...

Inclusion of dental coverage in a number of National Health Insurance bills has raised questions about the determinants of demand for dental services, particularly, the sensitivity of demand to out-of-pocket cost. This paper relies on a 1970 national cross sectional survey of individuals to...

This study assesses impacts of a California program in which certain Medicaid beneficiaries were required to make small payments for (previously free) out-of-hospital services. This "copayment" requirement decreased physician visit demand by 8 percent, increased hospital service demand by 17...

In order to address several controversies in the application of cost-effectiveness analysis, we investigate the principles underlying the technique and discuss the implications for the evaluation of medical interventions. Using a standard von Neumann-Morgenstern utility framework, we show how a...