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21 Jan 2018
Consider the approximation of the welfare loss due to inter-area deviations from the correct rate of care. All else equal, which procedures would yield the largest welfare lossesâthose with low price elasticities in absolute value or those with high price elasticities in absolute value? Why is this the case?
Consider the approximation of the welfare loss due to inter-area deviations from the correct rate of care. All else equal, which procedures would yield the largest welfare lossesâthose with low price elasticities in absolute value or those with high price elasticities in absolute value? Why is this the case?
4
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0
watching
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