This book is a study of how market-oriented policies could be used to improve trade-off between cost restraint and greater quality and availability to restructure the way the public and private sectors provide health care.

America's ability to deliver quality health care efficiently to its citizens is both an important component of national productivity and a hallmark of a civilized society. Recognizing the critical need to reform and restructure the way the public and the private sectors provide health care, CED trustees launched a study of how market-oriented pol

The measurement of the propensity to accept or reject risk is an important and well researched topic. Measuring Risk Aversion summarizes, discusses, and interprets the published research on this topic for decision makers who maximize expected utility. Estimates of the magnitude of relative risk aversion range widely from near zero to values approaching one hundred, and whether the slope of the risk aversion measure is positive, negative or zero is an unsettled question for many measures, including relative risk aversion. Measuring Risk Aversion show that a substantial part of this variation is due to the differences in the outcome variables used in the analysis. Measuring Risk Aversion provides a detailed discussion of the adjustment of risk references and how to go about making such adjustments to a common scale. By adjusting all information to this common scale, results across studies can be easily summarized and compared, and the body of information concerning risk aversion can be examined as a whole rather than as individual parts.