Selective Contracting and Foreclosure in Health Care Markets

We analyze exclusive contracts between health care providers and insurers in a model where some consumers choose to stay uninsured. In case of a monopoly insurer, exclusion of a provider changes the distribution of consumers who choose not to insure. Although the foreclosed care provider remains active in the market for the non-insured, we show that exclusion leads to anti-competitive effects on this non-insured market. As a consequence exclusion can raise industry profits, and then occurs in equilibrium. Under competitive insurance markets, the anticompetitive exclusive equilibrium survives. Uninsured consumers, however, are now not better off without exclusion. Competition among insurers raises prices in equilibria without exclusion, as a result of a horizontal analogue to the double marginalization effect. Instead, under competitive insurance markets exclusion is desirable as long as no provider is excluded by all insurers.health insurance;uninsured;selective contracting;exclusion;foreclosure;anti-competitive effects

Competition for Traders and Risk

Abstract: The financial crisis has been attributed partly to perverse incentives for traders at banks and has led policy makers to propose regulation of banks’ remuneration packages. We explain why poor incentives for traders cannot be fully resolved by only regulating the bank’s top executives, and why direct intervention in trader compensation is called for. We present a model with both trader moral hazard and adverse selection on trader abilities. We demonstrate that as competition on the labour market for traders intensifies, banks optimally offer top traders contracts inducing them to take more risk, even if banks fully internalize the costs of negative outcomes. In this way, banks can reduce the surplus they have to offer to lower ability traders. In addition, we find that increasing banks’ capital requirements does not unambiguously lead to reduced risk-taking by their top traders.optimal contracts;remuneration policy;imperfect competition;financial institutions;risk

The Hurricane Mountain Formation Melange and unconfomably overlying Lower to Middle Ordovician volcanics, Brassua Lake and Moosehead Lake Quadrangles

New England Intercollegiate Geological Conference Guidebook for field trips in The Greenville - Millinocket Regions, North Central Maine, October 7-9, 1983: Trip B-

Superintendents and Professional Development: Voices from the Field

The primary task of the educational leader is to assure high quality learning environments for all students. Research (Gordon, 2004; Sparks, 2007) supports the proposition that effective professional development contributes to instructional improvement by building educator capacity. Much of the research on professional development focuses in principal leadership in improving instruction (Blase & Blase, 2004). But district level administrators, especially the superintendent of schools, also have a role to play in school improvement. Standards for the preparation of school leaders specify competencies for superintendents that include the design and implementation of professional development programs based on sound research, best practices, district-and school-level data, and other contextual information (National Policy Board, 2002). The National Staff Development Council\u27s Standards (2001) also describe a comprehensive set of activities to improve student learning that apply to both campus and district level personnel. But while the research on the instructional leadership role of principals is extensive, comparatively little is said about how superintendents meet their own responsibilities in this area (Dufour, 2000; Hirsch, 2009; Firestone, Manquin, & Martinez, 2005)

Tectonic and Metamorphic History of the Lower Devonian Rocks in the Carrabasset Valley North of Kingfield, Maine

Guidebook for field trips in the Rangeley Lakes - Dead River Basin region, western Maine: 62nd annual meeting October 2, 3, and 4, 1970: Trip A-

Shortest Path across Stochastic Network with Correlated Random Arcs

This paper introduces a new approach to identify the shortest path across a stochastic network with correlated random arcs utilizing nonparametric samples of arc lengths. This approach is applied to find optimal aircraft routes that minimize expected fuel consumption for a given airspeed utilizing predicted wind output from NWP ensemble models. Results from this new methodology are then compared to the current fuel minimization route planning method that utilizes deterministic NWP wind data for arc lengths. Comparisons are also made to other previously proposed alternative fuel minimization methodologies that utilize mean and median wind data calculated from NWP ensemble wind data

Applying Lessons from Text Research to Extension Educational Media

Texts used in classroom settings have been the subjects of a rich history of research