Assess the impact of re-introducing rent control on the market for Coursework

Assess the impact of re-introducing rent control on the market for housing - Coursework Example There are cases when the owners build the houses in order to offer these in rents to the individuals so as to meet the increasing demand for housing (Besanko and Braeutigam, 2013). The owners fix the rent for the houses in order to earn some profit but there is a concept of rent control that imposes a ceiling on the rent in cases when the owners charge an exceptionally high rent (Besanko and Braeutigam, 2013). Hence, the paper aims at carrying out a study on the market structure of the housing market and the impacts of the policies adopted for rent control. The paper also offers a scope to understand the microeconomic theory related to the rent control. The structure of the housing market is based on the model that considers various aspects such as the availability of cheap credit that in turn increases the demand for houses in the international market (Glaeser and Luttmer, 2003). As a result, there is a relative price of the houses due to low availability of the houses. However, there was a high availability of low quality houses which forced the investors to raise the prices of the houses in order to earn high profit. These features are essential for the Life-Cycle model of Housing where the prices of houses match with the quality of the houses available in the international market (Krugman and Wells, 2012). On the contrary, the characteristics of the buyers willing to purchase the houses differ based on the age, wealth and income they earn. In order to bring in equilibrium within the market, the prices of the houses are equalized with the quality of the available houses and also it is based on the demand and supply aspects in th e housing market. Thus, the study suggests that the distribution of the houses depends on the numbers of buyers as well as the quality of houses available in the market. Further, the suitability of the available houses to the buyers is also an essential factor that increases the number of buyers willing to

Health Administarion Essay Example | Topics and Well Written Essays - 1000 words - 2

Health Administarion - Essay Example Medical errors can be grouped in to diagnostic errors that include poor medical tests, treatment errors that include inappropriate care, medications and process errors that include poor communication, wrong patient identification, documentation and equipment failures. Medical error is associated with poor training, urgent care, new procedures and complex care. Complicated medical technologies, poor communication and fragmented systems can also lead to medical error. Some human factors that lead to medical errors include burnout, depression, and fatigue and time pressures (Kalra, 2011). The initial step in responding to medical error is to address the current medical needs of the patient. The physician should immediately address the adverse unanticipated medical outcome by assessing extends of harm and the required medical procedures to reduce the harm (Kalra, 2011). The second step entails communication of the adverse outcome with the patient or any representatives of the patient like the close relatives. These entail providing information on the causes of the medical error and extend of harm to the patient (Kalra, 2011). The third step is reporting to the appropriate parties and authorities in the health facility and regulatory agencies. Each health facility should have guidelines on internal reporting of the medical error and steps in reducing further adverse medical outcomes (Kalra, 2011). The fourth step is checking the medical records of the patient. Such medical documentation should be accurate and complete. This includes the patient medical condition prior to the medical error, the interventions undertaken to reduce the harm and patient response. The physician should also note the information communicated to the patient after the medical error (Kalra, 2011). The fifth step entails follow ups and monitoring the changes in