Using controlled experiments, we examine how individuals make choices when faced with multiple options. Choice tasks are designed to mimic the selection of health insurance, prescription drug, or retirement savings plans. In our experiment, available options can be objectively ranked allowing us to examine optimal decision making. First, the probability of a person selecting the optimal option ...

We study a key part of NHS policy to ensure high quality health care: failure to supply such care cost the NHS £787m in clinical negligence payouts during 2009-10. The NHS uses risk management standards to incentivise care and we examine their effects on MRSA infections. Using a specially assembled dataset, our GMM results suggest that improvements in the risk management standards attained by s...

We discuss and review literature on the macroeconomic effects of epidemics pandemics since late twentieth century. First, we cover role health in driving economic growth well-being standard frameworks for assessing burden infectious diseases. Second, sketch a general theoretical framework to evaluate trade-offs policy makers must consider when addressing diseases their repercussions. In so doin...

This paper examines the determinants of non-COVID excess deaths during COVID pandemic between January and June 2020. These are extra occurring which not directly attributable to COVID. While emerging literature deaths, few look at though early estimates suggest they enough be seen as a in their own count. We investigate impact factors including cases, lockdown stringency, economic support searc...

We study the long-run effects of Russia’s anti-alcohol campaign, which dramatically altered relative supply hard and light alcohol in late 1980s. find that this policy shifted young men’s preferences from to decades later, we estimate age at consumers form their tastes. show large beer market expansion 1990s had similar on consumers’ tastes, while older tastes remained largely unchanged. then l...

The present paper thoroughly explores second-best efficient allocations in an adverse selection insurance economy. We start from a natural extension of the classical model, assuming less than perfect risk perceptions. We propose first and second welfare theorems, by means of which we describe efficiencyenhancing policies. Notions of weak and strong adverse selection are promising for interpreti...

Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit moral hazard. However, in the absence of moral hazard, voluntarily chosen deductibles may instead lead to self-selection into different insurance contracts. We use a set of new variables in the German Socioeconomic Panel for the years 2002, 2004, and 2006 that measure individual h...

Evaluating the Effect of Ownership Status on Hospital Quality: The Key Role of Innovative Procedures Mortality differences between university, non-teaching public and for-profit hospitals are investigated using a French exhaustive administrative dataset on patients admitted for heart attack. Our results show that innovative procedures play a key role in explaining the effect of ownership status...

Reducing Binge Drinking? The Effect of a Ban on Late-Night Off-Premise Alcohol Sales on Alcohol-Related Hospital Stays in Germany Excessive alcohol consumption among young people is a major public health concern. On March 1, 2010, the German state of Baden-Württemberg banned the sale of alcoholic beverages between 10pm and 5am at off-premise outlets (e.g., gas stations, kiosks, supermarkets). W...