• Login
    View Item 
    •   Home
    • University of Alaska Fairbanks
    • College of Business and Security Management (CBSM)
    • Economics
    • Faculty
    • Reynolds, Douglas
    • View Item
    •   Home
    • University of Alaska Fairbanks
    • College of Business and Security Management (CBSM)
    • Economics
    • Faculty
    • Reynolds, Douglas
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of Scholarworks@UACommunitiesPublication DateAuthorsTitlesSubjectsTypeThis CollectionPublication DateAuthorsTitlesSubjectsType

    My Account

    Login

    First Time Submitters, Register Here

    Register

    Statistics

    Display statistics

    Energy and Health Care Parallels: Maximizing Electric Utility Social Welfare.

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Thumbnail
    Name:
    Health and Energy.mp3
    Size:
    23.33Mb
    Format:
    MPEG Audio
    Description:
    MP3 audio file
    Download
    Author
    Reynolds, Douglas
    Keyword
    Electric Utilities
    CEO bonus systems
    Consumer Sovereignty
    Health Care Systems
    U.S. Advantage Medicare System
    Carbon Emission Reductions
    Metadata
    Show full item record
    URI
    http://hdl.handle.net/11122/11617
    Abstract
    This pod cast, based on a paper from the 4th IAEE Eurasian Conference in Nur-Sultan, Kazakhstan, is about electric power markets. It considers consumer sovereignty in U.S. health care markets and then looks at the parallels between those health care markets and electric power markets. It then shows how one particular U.S. health care market mechanism called the Advantage Medicare System works best. It then explains how an Electric Power CEO bonus system, based on the Advantage System, can create better, more socially maximizing outcomes for electric power markets than the current consumer sovereignty based systems the world is using now.
    Description
    Consumer sovereignty is often considered one of the most powerful forces in all of economics, by such authors as Hayek. However in free markets, such as health care, the U.S. shows higher than average costs with lower than average results, except for the U.S. Medicare Advantage program which is based on an incentivized system. Indeed, all of the top world corporations use CEO incentivized bonuses to create shareholder value, so why not employ such a scheme with electric utilities? Such a CEO bonus scheme would reward the utility CEO not for raising prices, but for lowering them. And crucially there would be a bonus for reducing greenhouse gas emissions.
    Table of Contents
    Page 1. Introduction Page 2. The U.S. Health Care Market Page 3. Consumer Sovereignty Page 4. Incentivized Bonuses Page 5, Conclusions
    Date
    2020-12-14
    Type
    Recording, oral
    Collections
    Reynolds, Douglas

    entitlement

     
    ABOUT US|HELP|BROWSE|ADVANCED SEARCH

    The University of Alaska Fairbanks is an affirmative action/equal opportunity employer and educational institution and is a part of the University of Alaska system.

    ©UAF 2013 - 2023 | Questions? ua-scholarworks@alaska.edu | Last modified: September 25, 2019

    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.