Lin, Haizhen; Wildenbeest, Matthijs R. - Department of Business Economics and Public Policy, … - 2013
This paper studies search and prices in the Medigap insurance market. Using data on market shares, insurer … characteristics, and plan prices, we estimate to what extent prices can be explained by search and product differentiation. In our … model, consumers search across Medigap insurers for prices as well as plan types. Our estimates indicate search costs are …