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Do Pharmacists Buy Bayer? Informed Shoppers and the Brand Premium

Bronnenberg, Bart J. - 2014

We estimate the effect of information and expertise on consumers' willingness to pay for national brands in physically homogeneous product categories. In a detailed case study of headache remedies we find that more informed or expert consumers are less likely to pay extra to buy national brands,...

Persistent link: https://www.econbiz.de/10012458372

Multivariate Fractional Regression Estimation of Econometric Share Models

Mullahy, John - 2010

proposed by Papke and Wooldridge, 1996, 2008, in univariate cross-sectional and panel contexts. The paper discusses the … econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression … estimation strategies proposed by Papke and Wooldridge and to extend the fractional regression approach to estimation of and …

Persistent link: https://www.econbiz.de/10012462302

An Empirical Analysis of Alcohol Addiction : Results from the Monitoring the Future Panels

Grossman, Michael - 1995

consumption of an addictive good. The data employed in this study consist of a U.S. panel whose members range in age from …

Persistent link: https://www.econbiz.de/10012473679

Framing Lifetime Income

Brown, Jeffrey R. - 2013

We provide evidence that individuals optimize imperfectly when making annuity decisions, and this result is not driven by loss aversion. Life annuities are more attractive when presented in a consumption frame than in an investment frame. Highlighting the purchase price in the consumption frame...

Persistent link: https://www.econbiz.de/10012459598

Narrow Framing and Life Insurance

Gottlieb, Daniel - 2012

Life insurance is a large yet poorly understood industry. A final death benefit is not paid for a majority of policies. Insurers make money on customers that lapse their policies and lose money on customers that keep their coverage. Policy loads are inverted relative to the dynamic pattern...

Persistent link: https://www.econbiz.de/10012460061

How Rational Is the Purchase of Life Insurance?

Auerbach, Alan J. - 1989

This paper examines whether middle age American households purchase adequate amounts of life insurance. The analysis is based on SRI International's 1980, 1982, and 1984 surveys of the financial positions of American households. Our findings indicate that a significant minority of American wives...

Persistent link: https://www.econbiz.de/10012475983

Price Elasticity of Demand for Term Life Insurance and Adverse Selection

Pauly, Mark V. - 2003

This paper provides an empirical estimate of price' and risk' elasticities of demand for term life insurance for those who purchase some insurance. It finds that the elasticity with respect to changes in premiums is generally higher than the elasticity with respect to changes in risk. It also...

Persistent link: https://www.econbiz.de/10012468772

Market Evidence of Misperceived Prices and Mistaken Mortality Risks

Bhattacharya, Jay - 2003

We construct and implement a test of rational consumer behavior in a highstakes financial market. In particular, we test whether consumers make systematic mistakes in perceiving their mortality risks. We implement this test using data from secondary life insurance markets where consumers with a...

Persistent link: https://www.econbiz.de/10012468834

Aggregation and Insurance Mortality Estimation

Dow, William H. - 2003

One goal of government health insurance programs is to improve health, yet little is known empirically about how important such government interventions can be in explaining health transitions. We analyze the child mortality effects of a major health insurance expansion in Costa Rica. In...

Persistent link: https://www.econbiz.de/10012468871

Asset Insulators

Chodorow-Reich, Gabriel - 2018

We propose that financial institutions can act as asset insulators, holding assets for the long run to protect their valuations from consequences of exposure to financial markets. We demonstrate the empirical relevance of this theory for the balance sheet behavior of a large class of...

Persistent link: https://www.econbiz.de/10012480626