Introduction to Pharmacoeconomics

Introduction to Pharmacoeconomics

Medications are the most widely used clinical intervention. The U.S. spends more on medications per capita than any other country but hasn’t been able to show better outcomes. Pharmacoeconomics refers to the scientific discipline that compares the value of one pharmaceutical drug or drug therapy to another. It is a sub-discipline of health economics. To...
decision fatigue

Decision Fatigue

Decision fatigue refers to the deteriorating quality of decisions made by an individual, after continuously making decisions. It is now understood as one of the causes of irrational trade-offs in decision-making. Decision fatigue may also lead to consumers making poor choices with their purchases. Effects of Decision Fatigue 1. Reduced ability to make trade-offs A...
uber price discrimination strategy

Uber Price Discrimination Strategy

As of December 2014, Uber was available in 53 countries and more than 200 cities worldwide. Back in 2009, when Uber was founded it started off only with 'black cars', i.e. private limos. In 2012, Uber launched the UberX program which allowed almost anyone to sign up as a driver. This greatly increased Uber's popularity and...
the coase theorem

The Coase Theorem

The Coase Theorem states "that when there are conflicting property right, bargaining between the parties involved will lead to an efficient outcome regardless of which party is ultimately awarded the property rights, as long as the transaction costs associated with bargaining are negligible." The cost for lawsuit would be the same for the two parties in...
banking regulations in the united states

Banking Regulation in the United States

The United States has imposed has created banking regulation to prevent unnecessary damage to confidence and liquidity in the financial system. The regulations are meant to prevent things like bank runs, credit crunches, and financial crises. Reasons for Banking Regulation in the U.S. 1. Bank Runs Bank runs occur due to fears of insolvency. For this...
implications of the mcfadden act

Implications of the McFadden Act

The McFadden Act (1927 – 1994) was appealed by the Riegle-Neal Interstate Banking and Branching Efficiency Act. The Act made national banks competitive against state-chartered banks by letting national banks add more branches to the extent permitted by state law. The McFadden Act specifically prohibited interstate branching by allowing each national bank to branch only within the state...

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