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the effects of medical insurance and competition in the guise of free choice of physician, including observability of … whether he was perhaps overtreated. We find that with insurance, moral hazard looms on both sides of the market: patients … found to partially offset the adverse effects of insurance: most patients seek treatment, but overtreatment is moderated. …
Persistent link: https://www.econbiz.de/10011490343
stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … overtreated. We find that with insurance, moral hazard looms on both sides of the market: patients consult more often and … adverse effects of insurance: most patients seek treatment, but overtreatment is moderated. …
Persistent link: https://www.econbiz.de/10010413597
We present evidence from a natural field experiment designed to shed light on the efficacy of fundraising schemes in which donations are matched by a lead donor. In conjunction with the Bavarian State Opera House, we mailed 14,000 regular opera attendees a letter describing a charitable...
Persistent link: https://www.econbiz.de/10008680761
We present evidence from a natural field experiment and structural model designed to shed light on the efficacy of alternative fundraising schemes. In conjunction with the Bavarian State Opera, we mailed 25,000 opera attendees a letter describing a charitable fundraising project organized by the...
Persistent link: https://www.econbiz.de/10011084280
When asking for donations, charitable organizations often suggest a potential amount to contribute. However, the evidence concerning the effects of such suggestions is scarce and inconsistent. Unlike the majority of earlier studies concerned with small-money solicitations, we examine the effect...
Persistent link: https://www.econbiz.de/10011084485
Using a survey approach, we ask consumers to reveal their preferences over pricing schemes that may differ in terms of the average price of consumption, the amount of price variation, and the probability of being rationed. We find that consumers dislike pricing schemes that vary prices more but...
Persistent link: https://www.econbiz.de/10005504691
Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce demand. At the same time, consumers may take advantage of the opportunities offered by price changes. Overall, the net impact of varying price on demand is ambiguous. We investigate the issue...
Persistent link: https://www.econbiz.de/10005656358
Using data from a unique pricing experiment, we investigate Vickrey’s conjecture that responsive pricing can be used to smooth both predictable and unpredictable demand shocks. Our evidence shows that increasing the responsiveness of price to demand conditions reduces the magnitude of...
Persistent link: https://www.econbiz.de/10005661936
Is there a way of matching donations that avoids crowding out? We introduce a novel matching method where the matched amount is allocated to a different project, present some simple theoretical considerations that predict reduced crowding out or more crowding in (depending on the degree of...
Persistent link: https://www.econbiz.de/10011440422
While increasingly popular in many domains crowdfunding remains largely un-derresearched and little is known about the best way to encourage participation. In a field experiment we vary suggested amounts and test different wordings for a campaign to finance a club good - an institute's summer...
Persistent link: https://www.econbiz.de/10011530003