Who pays the piper?

Healthcare and Insurance: Who Pays the Piper?

He Who Pays The Piper Must Know The Tune

He who pays the piper calls the tune, but he can only succesfully call for a tune that he will recognize upon hearing. Previous models, of two candidates impressing a voter and of firm managers impressing stock speculators, found experts ignoring costly superior information in favor of client preconceptions. Similar result hold when we greatly generalize the agents, choices, information structu...

He who pays the piper calls the tune.

Previously instituted policies regarding prosthetic limb provision had been deemed dependable. A follow-up home visit study showed that 18 of 60 patients that had been provided with prostheses, did not make use of them. Analysis showed that three categories of patients made up the large majority of the non-users; double amputees, blind persons and those with psychiatric disorders. In order to a...

Who Pays for Disinflation?

Many economic observers applaud the current rate of inflation in the United States, claiming that the rate is so low that inflation has ceased to matter much in the decisions of individuals and businesses. Some, such as Martin Feldstein (1997), want to see inflation fall still further--to zero--arguing that such a reduction would yield substantial gains by allowing resources to be allocated mor...

Migrants' healthcare: who pays?