In this study we attempt to explain variations across the Swiss regional states (cantons) in public health care expenditures. The large autonomy of the cantons in the organization and financing of health care services creates strong heterogeneity. Per capita public expenditures in health care are assumed to depend on the median tax share, intergovernmental grants, and some structural factors. The...
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Adequate and timely application of analgesics after surgical operations is important from both clinical and economic perspectives. Administering pain relief measures requires information about development of post-operative pain and the effect of analgesics. Such information can be obtained from studying patients’ perception of pain in different periods after the operation. This paper applies an...
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This paper is a case study of the use of public use administrative data for the estimation of empirical relations when key dependent variables are not available in the data. It is shown that the out-of-hospital mortality rates can be identified using the patient discharge data without post-discharge death records. Using data on the lengths of hospitalizations and out-of-hospital spells, the...
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This paper analyses the demand of Swiss families for child care facilities. A choice experiment has been used to study the effects of the facilities’ characteristics as well as socioeconomic factors on the selected child care mode. The experimental data have been analysed using a discrete choice model with multinomial logit specification. The results suggest that the stated demand for...
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In base agli accordi bilaterali sottoscritti dalla Svizzera, a partire dal 1 gennaio 2006 anche le emittenti svizzere devono rispettare le quote imposte dalla direttiva europea “Televisione senza frontiere”. Questo studio consiste in un’analisi comparata della trasposizione della direttiva nella regolamentazione di diversi Paesi europei e dei processi d'implementazione delle quote culturali...
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A typical problem arising in the financial planning for private investors consists in the fact that the initial investor’s portfolio, the one determined by the consulting process of the financial institution and the universe of instruments made available to the investor have to be matched/optimized when determining the relevant portfolio choice. We call this problem the three-portfolios...
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In this paper, the system is viewed as a construction based on the actors’ cognitive and social interactions. The system is the result of multiple – actor sense making (Weick 1995), but at the same time it orients social sense making. In this process each actor’s point of view is a representation of both the system and the context perceived as pertinent by the actor. In other words, the...
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In this paper we propose an algorithm for pricing derivatives written on electricity in an incomplete market setting. A discrete time model for price dynamics which embodies the main features of electricity price revealed by simple time series analysis is considered. We use jointly Binomial and Monte Carlo methods for pricing under a risk-neutral measure of which we prove the existence.
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