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Inattention and Switching Costs as Sources of Inertia in Medicare Part D

Heiss, Florian - 2016

The trend towards giving consumers choice about their health plans has invited research on how good they actually are at making these decisions. The introduction of Medicare Part D is an important example. Initial plan choices in this market were generally far from optimal. In this paper, we...

Persistent link: https://www.econbiz.de/10012980659

Consumer Inertia and Firm Pricing in the Medicare Part D Prescription Drug Insurance Exchange

Ericson, Keith M. Marzilli - 2012

, and a regression discontinuity design indicates initial defaults have persistent effects. In the absence of commitment to …

Persistent link: https://www.econbiz.de/10013100991

Customer Capital

Gourio, François - 2011

Firms spend substantial resources on marketing and selling. Interpreting this as evidence of frictions in product markets, which require firms to spend resources on customer acquisition, this paper develops a search theoretic model of firm dynamics in frictional product markets. Introducing...

Persistent link: https://www.econbiz.de/10013122655

Fighting Crises

Gorton, Gary - 2016

) and stigma (the cost of having a bank's name revealed) are desirable to restore confidence. Lending facilities raise the …

Persistent link: https://www.econbiz.de/10012980183

Market Structure, Reputation, and the Value of Quality Certification

Elfenbein, Daniel W. - 2014

Quality certification programs help consumers to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK's online marketplace, we study how certification's impact on consumer demand varies with market- and seller-level attributes, exploiting...

Persistent link: https://www.econbiz.de/10013054867

Buying Reputation as a Signal of Quality : Evidence from an Online Marketplace

Li, Lingfang (Ivy) - 2016

Reputation is critical to foster trust in online marketplaces, yet leaving feedback is a public good that can be under …

Persistent link: https://www.econbiz.de/10012983684

Does Conflict of Interest Lead to Biased Coverage? Evidence from Movie Reviews

Della Vigna, Stefano - 2014

Media outlets are increasingly owned by conglomerates, inducing a conflict of interest: a media outlet can bias its coverage to benefit companies in the same group. We test for bias by examining movie reviews by media outlets owned by News Corp.—such as the Wall Street Journal—and by Time...

Persistent link: https://www.econbiz.de/10013044349

Exit, Voice or Loyalty? An Investigation into Mandated Portability of Front-Loaded Private Health Plans

Atal, Juan Pablo - 2017

We study theoretically and empirically how consumers in an individual private long-term health insurance market with front-loaded contracts respond to newly mandated portability requirements of their old-age provisions. To foster competition, effective 2009, German legislature made the...

Persistent link: https://www.econbiz.de/10012954932

What Do Longitudinal Data on Millions of Hospital Visits Tell Us About the Value of Public Health Insurance as a Safety Net for the Young and Privately Insured?

Kowalski, Amanda - 2015

Young people with private health insurance sometimes transition to the public health insurance safety net after they get sick, but popular sources of cross-sectional data obscure how frequently these transitions occur. We use longitudinal data on almost all hospital visits in New York from 1995...

Persistent link: https://www.econbiz.de/10013029547

Reputation and Sovereign Default

Amador, Manuel; Phelan, Christopher - 2021

's hidden type switches back and forth between a commitment type, which cannot default, and an optimizing type, which can … default at any time, and assume outside lenders have particular beliefs regarding how a commitment type should borrow for any … optimizing type mimics the commitment type when borrowing, revealing its type only by defaulting on its debt at random times …

Persistent link: https://www.econbiz.de/10013224123