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International evidence on the accrual anomaly is sparse and conflicting. Testing for accrual mispricing in 28 equity markets, we provide statistical evidence for anomalous returns in some countries. However, we question whether this result might have occurred by chance alone and that it might...
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cumulative learning between the first and the nth attempt while controlling for selection into retaking in terms of observed and …
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This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration system. A random utility model of bargainer preferences is developed and estimated. The estimates indicate that unions and employers have similar preferences, in favor of lawyers,...
Persistent link: https://www.econbiz.de/10012777180
Insurance product choice is a central feature of health insurance markets in the United States, yet there is ongoing concern over whether consumers choose appropriately in such markets – and little evidence on solutions to any choice inconsistencies. This paper addresses these omissions from...
Persistent link: https://www.econbiz.de/10012977629
Evidence on insurers' behavior in environments with both risk selection and market power is largely missing. We fill … changes in selection. Our strategy exploits a 2012 reform allowing Medicare enrollees to switch to 5-star contracts at anytime …. This policy increased enrollment into 5-star contracts, but without risk selection worsening. Our findings show that this …
Persistent link: https://www.econbiz.de/10012978105