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exogenous differences in subsidy eligibility in 2014 at three cutoffs to identify the separate and combined effects of the APTCs … to the combined incentives. I calculate a demand elasticity for health insurance of -0.65 to -0.58, which is higher than …
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One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk … obtain that lower agent’s risk aversion unambiguously leads to higher incentives when the technology function linking …
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