Posts Tagged ‘unintended consequences’

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

    The Price System: Health Care

    Mar 5, 13 • 602 Views • No Comments

    The price system is rather amazing. Please imagine for a moment that you heard a gallon of gasoline was $1.50. First you would think, “cheap!” Then you might rush to fill your tank. Or, told that a diamond ring was $50, you might not buy it. Price......  [read more]

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

    Incentives: Should Doctors Be Paid For Performance?

    Jan 31, 13 • 418 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]

  • Ranking Surveys Typically Are Subjective and Have Unintended Consequences.

    Ranking Schemes

    Nov 17, 12 • 367 Views • No Comments

    I just looked at the U.S. News and World Report ranking for business schools. Then, while I was there, I could not resist checking out the “best” colleges and their new best connected category. The top 3 colleges are Harvard amd Princeton tied......  [read more]

  • How much should cities plan for the storm of the century?

    Storm Warnings

    Oct 28, 12 • 378 Views • No Comments

    Some thoughts today about predicting natural disasters. Weeks before 308 people perished in L’Aquila from an earthquake, a government commission proclaimed the chance was slim that a disaster would occur. It did happen and now, the 6 scientists and......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Tax Matters

    Sep 10, 12 • 417 Views • No Comments

    The candidates agree that tax proposals need to focus on reducing the deficit and on government spending. After that, the divide on tax policy is considerable. To narrow the gap between revenue and spending, President Obama supports a higher tax rate for the......  [read more]