Extending choice in health care is currently popular amongst English, and other, politicians. Those promoting choice … choice acts as a major driver for efficiency. Giving service users the ability to choose applies competitive pressure to … subjects this assumption to the scrutiny provided by a review of the theoretical and empirical economic evidence on choice in …

family doctor practices. We find that patients do respond to quality: a one standard deviation increase in a publicly …

a welfare optimum. Spending is successively treated as 'waste', 'consumption' and 'investment'. In all cases, when bond …

microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …

welfare of domestic households. …

distortionary market power above full information levels and welfare losses which can be counteracted by subsidies. As the market … grows large the equilibrium becomes price-taking, bid shading is of the order of 1/n, and the order of magnitude of welfare …

either into the utility function or into the social welfare function. We consider an industry in which n asymmetric firms …

effect for the welfare properties of fixed and floating exchange rate regimes. A comparison between the two regimes shows … utility-based welfare comparison of the two regimes concludes that a floating exchange rate regime yields higher welfare when …