Waste, Economists and American Healthcare

Waste, economists and American healthcare.

Twenty-five years ago, Uwe Reinhardt pointed out that sheer bureaucratic waste, particularly in the private sector, accounted for much of the extraordinarily high cost of American health-care. Last year an expert panel of the Institute of Medicine reconfirmed his point, estimating that in 2009, administrative waste accounted for $190 billion out of a total of $765 billion in various forms of wa...

Educating Latin American Economists

Graduate economic programmes in Latin America have evolved along the lines of two different traditions: one closely linked to the current economic mainstream (being in that sense ‘global’) and the other more local and heterodox. This paper provides an overview of perceptions, interests, concerns and opinions of global Latin American graduate economic programmes, comparing them with similar prog...

American Association of Wine Economists Aawe

The objective of the research is to identify the locational factors that influenced the decision to expand winemaking activity into other regions of Brazil. In recent years, winemaking has expanded into new regions in the state of Rio Grande do Sul (Serra do Sudeste and Campanha) and into the São Francisco River Valley (states of Bahia and Pernambuco) regions where this activity had not previou...

The Management of Healthcare Waste

Uncovering Waste in U.S. Healthcare

There is widespread agreement that the US healthcare system wastes as much as 5% of GDP, yet little consensus on what care is actually unproductive. This partly arises because of the endogeneity of patient choice of treatment location. This paper uses the effective random assignment of patients to ambulance companies to generate comparisons across similar patients treated at different hospitals...