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Valuation of Medical Innovation Handling with Uncertainty and Risk.
J Mark Access Health Policy
September 2024
School of Economics and Management, Cattaneo-LIUC University, 21053 Castellanza, Italy;
The purpose of this paper is to address how to handle uncertainty when performing an economic valuation of a medical innovation R&D project in orphan diseases from the perspective of the investor. We describe the specific uncertainty related to cash flows and the cost of capital for innovation in orphan diseases. The uncertainty in cash flows relates to sales, manufacturing and R&D costs, and probabilities of failure for each phase in the clinical trial program.
View Article and Find Full Text PDFFor the Love of the Game: Calculating the Premium Associated With Academic Surgical Practice.
Ann Surg
October 2024
Department of Surgery, University of South Florida, Tampa, FL.
Objective: We sought to determine the premium associated with a career in academic surgery, as measured by compensation normalized to the work relative value unit (wRVU).
Background: An academic surgical career embodying innovation and mentorship offers intrinsic rewards but is not well monetized. We know compensation for academic surgeons is less than their nonacademic counterparts, but the value of clinical effort, as normalized to the wRVU, between academic and nonacademic surgeons has not been well characterized.
This paper measures the effect of seed quality misperceptions on bidding behavior and demand for high-quality seed using an information-provision experiment within an incentive-compatible Vickery Second Price (SPA) auction mechanism that mimics seed purchasing decisions in the presence of seed market frictions. We find that most individuals are prone to quality misperception and revise their bids upwards (downwards) in response to positive (negative) quality signals. In addition, by exploiting random variation in the timing of cash grants, we show that imperfect information influences farmer seed valuation, even in the presence of potentially binding liquidity constraints.
View Article and Find Full Text PDFWillingness to enroll and pay for community-based health insurance, decision motives, and associated factors among rural households in Enugu State, Southeast Nigeria.
Niger J Clin Pract
July 2023
Department of Health Administration and Management; Department of Nursing, College of Medicine, University of Nigeria, Enugu Campus, Nigeria.
Background: Over 70% of Nigeria's population is poor and rural, and most lack financial risk protection against ill health. Community-based health insurance (CBHI) may be an essential intervention strategy for ensuring that quality healthcare reaches the informal and rural populations.
Aim: This article explores the willingness to enroll (WTE) and willingness to pay (WTP) for CBHI by community members, their decision considerations, and associated factors in Enugu State, Nigeria.
Technical and economic approach to aim the feasibility of renewables in the Italian context.
Clean Technol Environ Policy
March 2023
Department of Industrial and Information Engineering and Economics, University of L'Aquila, L'Aquila, Italy.
Unlabelled: To date, despite the existence of the sustainability goals of the 2030 Agenda and the need for an energy transition, the results set is still quite far away from being achieved. The awareness of this situation moves many European countries to promote policies based on the use of renewable sources. This paper is aimed at illustrating the Italian legislative context, evaluating the effectiveness of the introduced incentives, according to parameters that affect the productivity of a photovoltaic system.
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