A growing body of thought in the literature and the policy debate is calling for eligibility criteria and funding methods in healthcare to be predicated on individual responsibility. To date this approach has had no tangible impact on public health systems: the choice adopted is to avoid...

This paper analyses the decision to invest in a new technology (as a way to increase quality) by a hospital using a real option framework. The environment is characterised by uncertainty on costs and returns of such investment and by the assumption that physicians are 'devoted workers'. We model...

In this paper we present a model of tax compliance with heterogeneous agents who maximize their individual utility based on income and the conjectured level of per capita public expenditure. We formally include psychological drivers in this model. These drivers affect individual behavior, such...