Economics of Information and Its Implication Khemraj Subedi Associate Professor Tikapur Multiple Campus Abstract This paper shows emergence of Economics of Information and provides insights into economic relations with choice of rational economic agents and provide explanations on how asymmetric information hampers efficient allocation of resources and causes market failure. This paper makes brief investigation on economics of information and various sub-fields. A high degree of perfection in Information is a desirable as market signaling for ensuring efficient allocation of resources. Asymmetric information poses the problems of market failure, adverse selection, and principal agent problem, moral hazards , e xploiting “ignorance” and irrationalities and slack in labour productivity. It includes complete and scientific knowledge as special cases. The information revolution helped push back other boundaries within economics. Information ...
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HEALTH CARE FINANCING TRANSITION IN NEPAL Khem Raj Subedi * Associate Professor Far western University of Nepal Abstract This article highlights the important components of Nepalese healthcare financing and aims at examining the health care financing system in Nepal in terms of share of government health care expenditure per capita, household out-of-pocket expenditure, and ratio of total health care expenditure to Gross Domestic Product (GDP). The recent data shows that Government of Nepal allocates meagre 1.11 percent of GDP from government coffer for health care financing where out-of-pocket payment is 3.47percent of GDP and it is about 60 percent of total health care expenditure. It implies that people are heavily dependent on their own source for health care financing. Public Health Expenditure as a percent of Total Health Expenditure is 40 percent. Public E...
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