Recent research using Prospect Theory (PT) suggests that treatment history contributes to a frame of reference that introduces heterogeneity in patients' perceptions of how further treatment will improve their health status and carries over into an assessment of how effective the recent...

The effects of alternative functional forms on parametric estimation of a multi-product cost function are examined using a sample of rural US banks. Functional forms considered for possible choice are three versions of second-order Taylor-series expansions (or locally-flexible functional...