The literature on asymmetric information has been concerned mainly with the problem of the informed party lying to the uninformed parties. However, in many cases, the informed party will stop short of lying but will seek to gain from private information by managing the disclosure of news. This...

Many health-care systems allocate funding according to measures of need. The utilisation approach for measuring need rests on the assumptions that use of health care is determined by demand and supply and that need is an important element of demand. By estimating utilisation models which allow...

This short communication uses a simple experiment to show that fitting to a power law distribution by using graphical methods based on linear fit on the log-log scale is biased and inaccurate. It shows that using maximum likelihood estimation (MLE) is far more robust. Finally, it presents a new...