Will the New $100 Bill Decrease Counterfeiting?

Alberta's Bill 11: will trade tribunals set domestic health policy?

Will Competitive Bidding Decrease Medicare Prices?

Recent measures to reduce Medicare spending include the use of competitive bidding in determining reimbursement prices. Several competitive bidding experiments have been conducted by the Centers for Medicare and Medicaid Services (CMS) to determine reimbursement prices. This paper investigates the use of competitive bidding to set reimbursement prices for durable medical equipment, prosthetics,...

Will risk-adjustment decrease health care costs? New evidence from the Medicare Advantage Program∗

To combat adverse selection, governments increasingly base payments to health plans and providers on enrollees’ scores from risk-adjustment formulae. But because the variance of medical costs increases with the predicted mean, incentivizing enrollment of individuals with higher scores can increase the scope for enrolling “over-priced” individuals with costs significantly below the formula’s pre...

The Economics of Counterfeiting

This paper develops a new tractable strategic theory of counterfeiting as a competition between good and bad guys. There is free entry of bad guys, who choose whether and what note to counterfeit, and what quality to produce. Good guys select a costly verification effort. Along with the quality, this effort fixes the chance of finding counterfeits, and induces a collateral “hot potato” passing ...

The Immigration Bill: extending charging regimes and scapegoating the vulnerable will pose risks to public health.

In March 2014, the Immigration Bill 2013–14 received a comprehensive, line-by-line reading in the Committee Stage before its final reading in the House of Lords. The Bill is far reaching and, if passed un-amended, will alter access costs to the NHS for visitors and temporary migrants from outside the European Economic Area (non-EEA). Crucially, the Bill confers on the Secretary of State a wide-...