related group) for most patients (inlier patients) and is reimbursed by a cost sharing payment for patients with exceptionally … patient as an outlier patient, as well as the optimal payment per DRG and the optimal cost sharing parameter. For the case …

We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If … political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady … state level of income per capita. The impact of uncertainty and transaction costs on income per capita is formalized in a …