Business & Entrepreneurship

People who are enrolled in Medicare Choice HMO plans with drug coverage die at about the same rate as those in traditional fee-for-service Medicare plans, but mortality rates for those in Medicare HMO plans without drug coverage are substantially higher. That’s the conclusion of a recent study done by Gautam Gowrisankaran, Ph.D., an assistant professor of economics at the Olin School of Business of Washington University in St. Louis, with University of Minnesota colleague Robert J. Town. The researchers’ estimates imply that a 10-percentage point shift in coverage from fee-for-service to HMO plans without drug coverage could result in 51,000 additional deaths per year among the elderly.

David Kilper / WUSTL PhotoBottled water or tap? A WUSTL environmental engineer specializing in aquatic chemistry sees no difference between the two in terms of health.Paying extra for bottled water? You may be wasting your money, says an expert in aquatic chemistry. Daniel Giammar, Ph.D., a faculty member in the Environmental Engineering Science Program at Washington University in St. Louis, says that tap water is just as safe to drink as bottled water. He also says that the pricey bottled water you value so highly might well be nothing more than repackaged tap water. “The tap water we drink meets very strict standards that are designed to protect our health,” Giammar says. “These are developed over many years of study and they all include fairly large factors of safety. Any differences between tap and bottled water, in terms of health, are negligible.”

“Give me a one-armed economist,” President Harry S. Truman once demanded as he vented his frustration over economic advisors who offer straightforward recommendations, then hedge their bets by tacking on a slew of caveats, often beginning with the phrase “but, on the other hand…” Now, Murray Weidenbaum, the chairman of President Ronald Reagan’s first Council of Economic Advisers, has published a compilation of essays that offers the clear, no-nonsense economic policy analysis that Truman craved. Titled One-Armed Economist: On the Intersection of Business and Government, the book provides a distillation of four decades of Weidenbaum’s writings on key public policy issues.

Washington University has a number of internationally recognized experts and researchers on terrorism and homeland security who can address issues including intelligence, critical infrastructure, cybersecurity, target identification, and many other areas of concern related to the latest news on threats to the U.S. Faculty associated with the University’s Center for Security Technologies may be of […]

OlsenToday, when you walk into a car dealer and order a new automobile, you pay the same price and get the same wait for delivery as every other customer. But in the future, as Tava Olsen sees it, instead you’ll select your price and delivery date from a dynamic menu of lead-times and prices, where you can pay more for quick delivery or get a better price for waiting. While such options benefit the customer, they also pay bottom-line benefits for the retailer and manufacturer, says Olsen, associate professor of operations and manufacturing at Washington University’s Olin School of Business. To help companies reap those benefits, she’s engaged in groundbreaking theoretical research funded by a National Science Foundation (NSF) grant to tell them just how to do it.

A new study shows spending on federal regulatory agencies exceeds the growth of the overall federal budget. Despite President Bush’s vow to limit discretionary spending to 3.9%, the 2005 Budget requests $39.1 billion in outlays for federal regulatory activities, a 4.2% real increase over the appropriated 2004 budget.

MacDonaldIt is no secret that advances in technology can greatly impact the value of workers’ skills. Older workers often find the updating of complex technology uneconomic, while younger workers acquire and readily employ skills tailored to the newest technology. The result: the latter group’s productivity rises, diminishing the value of output produced by their older counterparts. A recently published study by Glenn MacDonald, Washington University’s John M. Olin Distinguished Professor of Economics and Strategy, is the first to model and explain the nature and severity of this effect.

A conference for board directors of public and private companies will be held June 25-26 at Washington University’s John M. Olin School of Business in the school’s Charles F. Knight Executive Education Center. The board of directors’ conference, “Strategies and Techniques for Improving Board Performance,” will focus on corporate governance issues.

NorthDouglass C. North, Ph.D., the Spencer T. Olin Professor in Arts & Sciences and a co-recipient of the Nobel Memorial Prize in Economic Science, joined a panel of distinguished economists in Denmark May 24-28th for an intensive forum exploring the costs and benefits of ongoing efforts to address critical global challenges, such as war, famine and disease.

BardachKenneth C. Bardach has been named associate dean and director of ExecEdge Corporate Education at the John M. Olin School of Business at Washington University in St. Louis, announced Stuart I. Greenbaum, dean and Bank of America Professor at the Olin School. Bardach joins Olin from Case Western Reserve, where he served as associate dean of Executive Education Programs at the Weatherhead School of Management. Bardach brings more than 30 years of academic and corporate experience to his post, having twice served in executive education director positions at the Kellogg Graduate School of Management, Northwestern University, and having directed corporate management education and development programs for numerous organizations.