Posts Tagged ‘incentives’

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Incentives: Should Doctors Be Paid For Performance?

    Jan 31, 13 • 291 Views • No Comments

    I suspect that the incentives in New York’s doctor quality plan will have unexpected consequences. An incentive for results, bonuses will be given to NY hospitals that they share with their doctors. Described as a reward system and P4P, Pay for...  [read more]

  • Monkeys, Economics and Happiness

    Sep 7, 12 • 290 Views • 1 Comment

    Behavioral economists might be able to explain our response to income inequality. In a paper on money and happiness, economist Richard Easterlin initially asks the reader how she feels if her income rises. Then he asks how she reacts when it stays the same....  [read more]

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    How Much Is An Olympic Gold Medal Worth?

    Aug 4, 12 • 661 Views • No Comments

    In addition to the gold, silver or bronze, Olympic athletes get money for winning. The amount, though, depends on their National Olympic Committee. The Singapore Olympic Committee gives its gold medal winners $800,000, a UK gold medal winner gets his or her...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    (Bad) Decisions

    Apr 24, 12 • 387 Views • No Comments

    By Mira Korber, guest blogger. Why might have most notorious fraudsters committed their crimes? The traditional answer seems obvious: severe character flaws, lack of ethics, unbridled greed. But there may be more to the picture than simply this “bad...  [read more]

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    Venezuela’s Price Controls

    Apr 22, 12 • 476 Views • No Comments

    Reading that a Venezuelan retiree did not mind the food lines, I started thinking about how President Chavez’s price controls have changed incentives. The retiree, who has more time than money, now has the incentive to stand in line. Meanwhile, a...  [read more]