Price-Level Regulation and its Reform
نویسندگان
چکیده
منابع مشابه
Small and Large Price Reform
A simple model of an open exchange economy with two commodities is used to investigate the relative merits of small and large reforms: reforms are represented as movements in the relative price of the two commodities, achieved by tightening or relaxing quotas. Three approaches, based on majority voting, the costs of compensation, and social welfare, are used to compare the merits of small and l...
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* I am grateful to Jeffrey Bernstein for helpful discussions. This paper has also benefited from discussions with Irv Emmons, Neil Langland and staff members at numerous public service commissions. The usual caveat applies. Abstract A growing concern on the part of regulators is that price regulation may weaken incentives for investment in service quality. Participation by the firm in complemen...
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Reference price systems for prescription drugs constitute widely adopted cost containment tools. Under these regimes, patients co-pay a fraction of the difference between a drug's pharmacy retail price and a reference price that is set by the government. Reference prices are either externally (based on drug prices in other countries) or internally (based on domestic drug prices) determined. We ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.771226