Deterministic chaos refers to an irregular or chaotic motion that is generated by nonlinear systems. The chaotic behavior is not to quantum-mechanical-like uncertainty. Chaos theory is used to prove that erratic and c...Deterministic chaos refers to an irregular or chaotic motion that is generated by nonlinear systems. The chaotic behavior is not to quantum-mechanical-like uncertainty. Chaos theory is used to prove that erratic and chaotic fluctuations can indeed arise in completely deterministic models. Chaotic systems exhibit a sensitive dependence on initial conditions. Seemingly insignificant changes in the initial conditions produce large differences in outcomes. To maximize profit, the monopolist must first determine its costs and the characteristics of market demand. Given this knowledge, the monopoly firm must then decide how much to produce. The monopoly firm can determine price, and the quantity it will sell at that price follows from the market demand curve. The basic aim of this paper is to construct a relatively simple chaotic growth model of the monopoly price that is capable of generating stable equilibria, cycles, or chaos. A key hypothesis of this work is based on the idea that the coefficient,π=[m（a-1）（e-1）^-eb]plays a crucial role in explaining local stability of the monopoly price, where,b^the coefficient of the marginal cost function of the monopoly firm, m--the coefficient of the inverse demand function, e--the coefficient of the price elasticity of the monopoly demand, a--the coefficient.展开更多
Through an analysis of China＇s healthcare system and the regulatory model of pharmaceutical pricing, the paper concludes that the prime cause of pharmaceutical pricing inflation is the twodirectional monopoly of publ...Through an analysis of China＇s healthcare system and the regulatory model of pharmaceutical pricing, the paper concludes that the prime cause of pharmaceutical pricing inflation is the twodirectional monopoly of public healthcare institutions on pharmaceutical retailing. The low cost of medical services means that public hospitals can legitimately use the sale of pharmaceuticals to subsidize the provision of services. Moreover, the policy of controlling the rate of return gives public hospitals a further incentive to buy and sell high-cost pharmaceuticals. In addition, the policy of independent pricing together with the laxity of the system for approving new drugs allows the makers of pharmaceutical products to charge higher prices and facilitates public hospitals＇ sale of high-priced drugs. All of these problems result from inappropriate government controls. Therefore, the basic strategy for solving the problem of inflated pharmaceutical prices should be to lessen government controls on healthcare, open up retail sales of prescription medicines, and reform the public healthcare system and medical insurance reimbursement, breaking the monopoly of public hospitals.展开更多
文摘Deterministic chaos refers to an irregular or chaotic motion that is generated by nonlinear systems. The chaotic behavior is not to quantum-mechanical-like uncertainty. Chaos theory is used to prove that erratic and chaotic fluctuations can indeed arise in completely deterministic models. Chaotic systems exhibit a sensitive dependence on initial conditions. Seemingly insignificant changes in the initial conditions produce large differences in outcomes. To maximize profit, the monopolist must first determine its costs and the characteristics of market demand. Given this knowledge, the monopoly firm must then decide how much to produce. The monopoly firm can determine price, and the quantity it will sell at that price follows from the market demand curve. The basic aim of this paper is to construct a relatively simple chaotic growth model of the monopoly price that is capable of generating stable equilibria, cycles, or chaos. A key hypothesis of this work is based on the idea that the coefficient,π=[m（a-1）（e-1）^-eb]plays a crucial role in explaining local stability of the monopoly price, where,b^the coefficient of the marginal cost function of the monopoly firm, m--the coefficient of the inverse demand function, e--the coefficient of the price elasticity of the monopoly demand, a--the coefficient.
文摘Through an analysis of China＇s healthcare system and the regulatory model of pharmaceutical pricing, the paper concludes that the prime cause of pharmaceutical pricing inflation is the twodirectional monopoly of public healthcare institutions on pharmaceutical retailing. The low cost of medical services means that public hospitals can legitimately use the sale of pharmaceuticals to subsidize the provision of services. Moreover, the policy of controlling the rate of return gives public hospitals a further incentive to buy and sell high-cost pharmaceuticals. In addition, the policy of independent pricing together with the laxity of the system for approving new drugs allows the makers of pharmaceutical products to charge higher prices and facilitates public hospitals＇ sale of high-priced drugs. All of these problems result from inappropriate government controls. Therefore, the basic strategy for solving the problem of inflated pharmaceutical prices should be to lessen government controls on healthcare, open up retail sales of prescription medicines, and reform the public healthcare system and medical insurance reimbursement, breaking the monopoly of public hospitals.
