What is it like to be a librarian? “Essentially, it is all about money and power.”

Harvard Professor Robert Dardon has a fascinating piece on books, college libraries, copyrights, and what’s Google’s drive to digitize the world’s books means to society.  Some excerpts from the original New York Review of Books article are below. One of my colleagues is a quiet, diminutive lady, who might call up the notion of Marion the Librarian.…

The future of the current round of IMF Loans

Businessweek reports that the members of the G20 “…will pledge funds ‘more than doubling’ the amount the IMF initially sought to $750 billion.”  Bloomberg reports that “In the past six months, the fund has approved $16.4 billion for Ukraine, $15.7 billion for Hungary, $10.4 billion for Latvia, $2.5 billion for Belarus, $2.1 billion for Iceland,…

Health Insurance in an Experimental Market

Using real world data is fraught with complexity.  Wouldn’t it be nice to randomly change government regulations and see how people react?  A paper by Stephen Rassenti and Carl Johnston use a laboratory experiment to do just that. In the experiment, survey participants are in charge of running a firm.  The firm must decide if it will provide…

Costing Methods

How do hospitals estimate the cost of different inpatient stays?  A paper by Clement et al. (2009) reviews 3 techniques: Microcosting. “With microcosting, a detailed list of each component of a patient’s care is created and costed separately for each facet of a patient’s hospitalization. Given the level of detail, microcosting is generally considered the…

Front-Line Staff Perspectives

As an economist, I conduct most of my analysis based on the quantitative data.  However, qualitative data should not be overlooked.  A paper by Tucker et al. (2008) looks at how the front-line hospital staff evaluates quality issues.  Some examples of their findings are: The largest number of operational failures occurred in the equipment/supply category.…