Showing 1 - 10 of 125
Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers …
Persistent link: https://www.econbiz.de/10012480668
We characterize the price-transparency role of benchmarks in over-the-counter markets. A benchmark can, under … dealers and customers, and reducing search costs. Although the market transparency promoted by benchmarks reduces dealers …
Persistent link: https://www.econbiz.de/10012458045
Medical provider price transparency is often touted as a way to lower health care spending. But the impact of price … transparency is theoretically ambiguous: it could lower health care spending via increased consumer price shopping or improved … a randomized-controlled trial to examine the impact of a state-wide medical charge transparency tool in outpatient …
Persistent link: https://www.econbiz.de/10014576609
We model early expectations about the value and technological importance ('quality') of a patented innovation as a latent variable common to a set of four indicators: the number of patent claims, forward citations, backward citations and family size. The model is estimated for four technology...
Persistent link: https://www.econbiz.de/10012471439
This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set …
Persistent link: https://www.econbiz.de/10012471727
We present both theory and evidence that increased competition may decrease rather than increase consumer welfare in subprime credit markets. We present a model of lending markets with imperfect competition, adverse selection and costly lender screening. In more competitive markets, lenders have...
Persistent link: https://www.econbiz.de/10012616617
This paper examines the economic foundations of some recently proposed criteria for evaluating the benefits of social programs. These criteria are appropriate for comparing a class of revenue-constant policies. They replace foundational principles of social opportunity costs with accounting...
Persistent link: https://www.econbiz.de/10013191099
We study the effect of photo ID laws on voting using a difference-in-differences estimation approach around Rhode Island's implementation of a photo ID law. We employ anonymized administrative data to measure the law's impact by comparing voting behavior among those with drivers' licenses versus...
Persistent link: https://www.econbiz.de/10012479459
We develop a new framework for valuing health and longevity improvements that departs from conventional but unrealistic assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness, and it can quantify the effects of retirement...
Persistent link: https://www.econbiz.de/10012480708
In the health insurance marketplaces established by the Affordable Care Act (ACA), each state is divided into a set number of geographic ``rating areas." The ACA mandates that an insurer price its health insurance plan uniformly in all counties within the same rating area, conditional on...
Persistent link: https://www.econbiz.de/10012480806