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Voluntary Regulation: Evidence from a Randomized Medicare Payment Reform

In the United States, researchers evaluated the impact of the mandatory-participation bundled payment model for hospitals and explored which hospitals were incentivized to opt in to bundled payments after the model was later made voluntary. The mandatory-participation bundled payment program...

Impacts of Flexible Loans on Borrower Behavior and Microenterprise Outcomes in Colombia

Lasse Brune
Xavier Giné
Researchers evaluated the impact of a flexible microloan product on new clients' repayment behavior, business outcomes, and client satisfaction. The results showed that the flexible loan led to some shifts in investment behavior but had no average impact on revenue or profits and led to higher...