Day: August 29, 2012

Counterfactuals

The only time I had lunch with Jon Gruber he told me the biggest problem in policy debates is a lack of clear understanding of

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Common ground on health care policy

Below are my highlights of and notes on the commentary “Slowing Medicare spending growth: Reaching for common ground,” by Michael Chernew, Richard Frank, and Stephen

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Compensation under profit maximization

Consider a profit-maximizing firm (with non-negative profits) that offers its employees compensation in the form of an annual salary ($50,000) and health insurance (annual $15,000

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