Einav, Liran; Finkelstein, Amy; Cullen, Mark R. - 2008
Estimating welfare in insurance markets using variation in prices
Liran Einav, Amy Finkelstein, and Mark R. Culleny … quantify the welfare loss associated with ine� cient pricing
in insurance markets with selection. We then show how this welfare … used to estimate welfare. We illustrate our
approach by applying it to data on employer-provided health insurance from one …