The renewed interest in home dialysis therapies makes it pertinent to address the essentials of establishing and running a successful home dialysis program. The success of a home program depends on a clear understanding of the structure of the home program team, the physical plant, educational tool requirements, reimbursement sources and a business plan. A good command of the technical and econ...

The labor theory of value presents one of the most puzzling and intriguing phenomena in the history of thought. Its emergence in the late 18th and early 19th centuries as a coherent basis for economic analysis grounded the penetrating and fertile development of Classical political economy which found its peaks in the work of Adam Smith and David Ricardo, and the equally fertile critique of Karl...

I read with interest the study by Vitry et al. on the therapeutic value of new medicines approved for marketing in Australia in the mid 2000s using two European classification systems and their finding that “only a minority of the new medicines in Australia provide added therapeutic value compared to existing treatments” [1]. They seem to be confused about the definition of economics and differ...

discussions of the future of competition law on the transnational level often reflect assumptions about the role of economics. perhaps the most pivotal of these assumptions is that economics can provide a basis for global competition law convergence. it is pivotal, because choices and strategies relating to competition law often depend on it. moreover, many see convergence among competition law...

This paper examines critically the contributions of Cournot, Jevons and Walras as the founders of classical mathematical economics from a methodological standpoint. Advances in different economic schools and doctrines in the 19th century produced an environment of multi-dimensionality in economic analysis which was regarded by the pioneers of classical mathematical economists as a chaotic state...

Many production firms use intermediary trading firms to export indirectly. This paper investigates the tax evasion motive through indirect trade, using Chinese export data at transaction level. We provide strong evidence that, under the partial export VAT rebate policy of China, production firms can effectively evade value-added taxes (VAT) by under-reporting their selling prices to domestic in...

________________________________________________________________________ Abstract. The Firm-Value Risk Model combines the technology of actuarial optimal dividends models with insights regarding financial frictions from financial economics, especially as they apply to risk transfer in (re)insurance firms. This paper illustrates, by numerical solution of a set of case studies, how certain styliz...

One of the most common early forecasts for commerce in the information age was the removal of wholesalers, distributors, and other intermediaries in a firm’s value chain. This "disintermediation” offered the prospect of greater efficiency in supply and marketing channels. More recent evidence suggests that such forecasts were shortsighted, and today new “cybermediaries” have lodged themselves i...

We examine the stability of rational expectations equilibria in the class of models in which the decision of the individual agent is discontinuous with respect to the state variables. Instead of rational expectations, each agent learns the unknown parameters through a recursive stochastic algorithm. If the agents the estimated value function ``rapidly'' enough, then each agent learns the true v...