Regulation and facilitation of public‐private partnerships: The MSP policy framework

This article describes the Municipal Services Partnership (MSP) Policy developed by the Department of Constitutional Development (DCD) of the Ministry for Provincial Affairs and Constitutional Development of South Africa to help local authorities respond to the great demand for improvement of municipal services. The MSP policy was developed by the DCD, utilising consultative policy making. It defines municipal services partnerships and typical contractual forms of MSPs, and also identifies gaps and constraints in existing South African law that can make implementation of MSPs unnecessarily difficult or more costly for local authorities and service consumers. The policy creates a framework for competitive procurement of MSP contracts and, finally, it describes the capacity needs of local authorities to deal effectively with MSP planning, procurement and implementation, and identifies new and expanded institutional roles at the local and national levels to support local authorities that wish to engage in MSPs     

Total system costs and the case of the executive's hernia

This article describes the advantages of taking a total system cost approach in the development of a benefits plan that improves employee health, productivity and profitability. It discusses the benefits and points out the possible pitfalls to the total system cost approach in providing employee health care. A research model is used to assess the value of certain medical procedures and technologies. To exemplify the point more clearly, the author uses a most interesting case study alluded to in the title of the article.     

A Macroeconomic Analysis of Publicly Funded Health Care

In a general equilibrium, overlapping generations framework this paper examines how the tax-benefit system that underlies the U.S. health care system affects the well-being of different age groups, and the lifetime well-being of different socioeconomic groups, as well as society as a whole. We find that the optimal set and generosity of publicly funded health care programs is sensitive to the social welfare function and to the prices that various agents in society pay for medical care. Social welfare under the current financing system is also compared to alternative financing mechanisms such as Medical Savings Accounts.     

Blockchain and investment: An Austrian approach

The Review of Austrian Economics - Investment is a function of expected profit, which involves calculation of the cost of trust. Blockchain technology is a new institutional technology (Davidson et...     

The importance of gender for participation in and attitudes to trade unionism

This article attempts to establish the main determinants of an employee's involvement in trade unionism, and to explain the male/female differential in union participation. Women, especially parttime workers, are less likely to participate in union meetings than men, which seems largely attributable to women's lower favourability to trade unions, although women are as likely as men to believe in the principles of trade unionism.