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Some doctors in the US are paid a fee for all the services they perform for their patients. Other doctors receive a fixed payment (capitation) for each of their patients, regardless of the number of services performed.
a) What are the advantages and disadvantages of the incentives under fee for service?
b) What are the advantages and disadvantages of the incentives under capitation?
on average, Japan's real every capita output grew at a rate of 3 percent every year among 1973 also 1993. Illustrate what would Japan's output every capita have been at the end of 1993.
Which is a tax on profits generated from mining of iron ore and coal.
The Chancellor and Board of Trustees of the State System of Higher Education want to raise tuition to increase total revenue earned. As an astute economics student, you know that there is a relationship between total revenue and the price elasticity ..
Stackelberg and Limit Pricing. Consider the Limit pricing and Stackelberg models done in class in which the incumbent chooses capacity first and entrant then chooses whether to enter or not. Find the minimum level of output needed to deter entry (qID..
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms. (At the same time, one internet business such as grocery home deliveries have continually suff..
The following table shows the hypothetical labor requirements per ton of wool and per hand-knotted rug, for New Zealand and for India. Labor Requirements per Unit New Zealand India Per ton of wool 10 hours 40 hours Per hand-knotted rug 60 hours 80 ho..
How can these leaders use their control over current taxes, subsidies and government debt to force their successors to reduce steady -state government expenditures below 900,000 goods.
Which of the following likely occurs when households and firms become more pessimistic?
Read "Attitudes of the Industrial Middle Class in Britain and Japan" (19-1d). What are the differences between the viewpoints of Samuel Smiles and Shibuzawa Eiichi? How do you account for those differences? Do they share any values or outlooks?
INB60003 International Trade And Investment. Critically analyse the main trends of International Trade and Investment justifying forecasts and predictions into the future. Critically analyse the relevance of trade in the global marketplace identifyi..
Graphically show the income and substitution effect using indifference curves and budget constraints and discuss why it is important to look at this when the price of a good changes.
Wooldridge Problem 4.6 In section 4.5, we used as an example testing the rationality of assessments of housing prices. There, we used a log-log model in price and assess [see equation (4.47)]. Here, we use a level-level formulation. i. In the simple ..
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