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Sharing a common fate with some people but not others may affect how economic agents behave within firms and organizations. Recognizing that many bilateral transactions occur both within and between groups sharing some degree of common fate, we present an experimental test of the effect of...
Persistent link: https://www.econbiz.de/10005047846
Suppliers who are better informed than purchasers, such as physicians treating insured patients, often have discretion over what to provide. This paper shows how, when the purchaser observes what is supplied but neither recipient type nor the actual cost incurred, optimal provision differs from...
Persistent link: https://www.econbiz.de/10005047729
Incentive contracts for gatekeepers who control patient access to specialist medical services provide too weak incentives to investigate cost further when expected cost of treatment is greater than benefit. Making gatekeepers residual claimants with a fixed fee from which treatment costs must be...
Persistent link: https://www.econbiz.de/10005051167
Game harmony is a generic game property that can be used to predict cooperation in both generic and well-known normal form games. It describes how harmonious (non-conflictual) or disharmonious (conflictual) the interests of players are, as embodied in the payoffs. Pure coordination games are...
Persistent link: https://www.econbiz.de/10004970293
Game harmony is a generic game property that describes how harmonious (non-conflictual) or disharmonious (conflictual) the interests of players are, as embodied in the payoffs. Pure coordination games are games of complete harmony,and constant-sum games are games of pure disharmony: the majority...
Persistent link: https://www.econbiz.de/10005090704
The condition for when a price control increases consumer welfare in perfect competition is tighter than often realised.  When demand is linear, a small restriction on price only increases consumer surplus if the eleasticity of demand exceeds the elasticity of supply; with log-linear or...
Persistent link: https://www.econbiz.de/10011004158
This paper is largely motivated by the empirical observation that GP visits per person under the NHS have increased in England since the mid-1970s, while list sizes have decreased over the same period  A hypothesis consistent with this observation is that larger list sizes are associated with...
Persistent link: https://www.econbiz.de/10008861721
One of the core goals of a universal health care system is to eliminate discrimination on the basis of socioeconomic status.  We test for discrimination using patient waiting times for non-emergency treatment in public hospitals.  Waiting time should reflect patients' clinical need with...
Persistent link: https://www.econbiz.de/10011004320
Economists have traditionally assumed that individual behavior is motivated exclusively by extrinsic incentives.  Social physchologists, in contrast, stress that intrinsic motivations are also important.  In recent work, economic theorists have started to build psychological factors, like...
Persistent link: https://www.econbiz.de/10011004333
The trend towards Internet self-regulation is driven both by governments that feel reluctant to invest in direct regulation (because of freedom of speech concerns or high costs of monitoring and enforcement) and by the industry that is under the threat of rising public concerns over content...
Persistent link: https://www.econbiz.de/10005047747