We o er an alternative framework for the analysis of mutual funds and use it to examine the rationale behind existing regulations that require mutual fund adviser fees to be of the \fulcrum" variety. We nd little justi cation for the regulations. Indeed, we nd that asymmetric \incentive fees" in which the adviser receives a at fee plus a bonus for exceeding a benchmark index provide Pareto-domi...

The California Department of Industrial Relations/Division of Worker's Compensation asked RAND to provide technical assistance in developing a fee schedule for home health services provided to injured workers. The fee schedule needs to address the full spectrum of home health services ranging from skilled nursing and therapy services to unskilled personal care or chore services that may be prov...

BACKGROUND To explore the effects of fee paying status on migration intentions of Ghanaian medical students. DESIGN Cross sectional questionnaire based survey. SETTING All established Ghanaian medical schools with students in their clinical years. PARTICIPANTS Fee-paying and non-fee-paying Ghanaian medical students in their clinical years. INTERVENTIONS None. MAIN OUTCOME MEASURES Mig...

Using a most general model, without most of the traditional assumptions employed in the screening literature, we show that supplementing any usage-based pricing with a ‡at-fee option is pro…t improving when the savings from transactions costs and/or from eliminating deadweight loss from using ‡at fee exceed the additional production costs. Further, whenever it is pro…t-improving, it is also Par...

This paper studies the efficiency effects of physician fees when the insurer (possibly the government) pays a fee for each procedure, and the doctor may supplement the fee by an extra charge to the patient, a practice known as 'balance billing.' Monopolistically competitive physicians can discriminate among patients on the basis of both price and quality. Equilibria with and without balance bil...

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