Pricing, Technology Choice, and Information in Health Care Markets

This paper proposes a pricing model for health care markets wherein providers and patients play a Nash bargaining game. In this game, bargaining power is interpreted as a measure of market structure. Thus, marginal cost pricing (monopoly pricing) can be shown as the outcome of the absence of bargaining power among providers (patients). The model is then extended to explain how, in health care markets with imperfect information, discrete technology choices are made by providers and how such choices may drive observed pricing behavior such as price discrimination.health care markets, health care pricing model, health care providers, pricing behavior

Pricing, Technology Choice, and Information in Health Care Markets

This paper proposes a pricing model for health care markets wherein providers and patients play a Nash bargaining game. In this game, bargaining power is interpreted as a measure of market structure. Thus, marginal cost pricing (monopoly pricing) can be shown as the outcome of the absence of bargaining power among providers (patients). The model is then extended to explain how, in health care markets with imperfect information, discrete technology choices are made by providers and how such choices may drive observed pricing behavior such as price discrimination.health care markets, health care pricing model, health care providers, pricing behavior

Explaining math and science achievement of public school children in the Philippines

This paper presents estimates of an education production function which includes measures of the home learning environment and school inputs recorded at the student level. These are important variables but are often overlooked as a result of data limitations. Results suggest that minimizing teacher absenteeism and effectively providing basic learning materials in schools can improve the math and science achievement of current as well as future generations of students. The home learning environment, including parental education, was found to have a significant effect on student performance.Education production function, Philippines