ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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How much substitution was there from OTC drugs to prescription drugs?
The reason I ask is that in Ontario (Canada), the gubmnt recently decided it won't pay for optometrists or physical therapists. One effect has been an increase in the demand for the services ophthmologists and doctors whose services are covered. The effect has been increased demand for services that are already being rationed because the quantity demanded exceeds the quantity supplied at the current (zero) price. Of course since the supply of physicians' services has not increased, the provincial gubmnt thinks they've saved money with the plan, but overall, the costs have gone up due to increased waiting times and other rationing schemes.
Price elasticity in pleasureceuticals would surely be an interesting focus for a dissertation on the global political economy of price regulation in non-life saving markets.