Showing 1 - 10 of 6,700
A significant source of risk arises from uncertainty concerning future government policy. Government action - - tax … preexisting rules. The effects of government relief - - compensation, grandfathering, phase-ins - - on ex ante incentives and risk …
Persistent link: https://www.econbiz.de/10012760199
informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can …
Persistent link: https://www.econbiz.de/10012770589
In this paper, we construct a price index for broadband services in the United States between 2004 and 2009. We analyze …-model methods and hedonic price index estimations to adjust for qualitative improvements. In general, we find some evidence of a … quality-adjusted price decline, but the evidence points towards a modest decline at most. Our estimates of the price decline …
Persistent link: https://www.econbiz.de/10013069640
controlling for differences in state anti-smoking sentiment, the price of cigarettes has a weak and statistically insignificant … initiation that include state fixed effects. However, there is evidence of price-responsiveness in the conditional cigarette …
Persistent link: https://www.econbiz.de/10012760711
price of cigarettes as a way to discourage youths from smoking. One argument used to oppose these bills is that increases in … the price of cigarettes would cause youths to substitute marijuana for cigarettes. Although it has long been believed that …. Examination of the cross-price effects clearly shows that higher cigarette prices will not increase marijuana use among youths. In …
Persistent link: https://www.econbiz.de/10013223059
Evidence on insurers' behavior in environments with both risk selection and market power is largely missing. We fill …. 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
the benefits of mitigating risk exceed incentive costs. This note suggests that private insurance should be considered …
Persistent link: https://www.econbiz.de/10013069377
This paper examines the implications of adverse selection in the private annuity market for the pricing of private annuities and the consequent effects on constrption and bequest behavior. With privately known heterogeneous mortality probabilities, adverse selection causes the rate of return on...
Persistent link: https://www.econbiz.de/10012763046
Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear … insurance premia and is entitled to a claim if both there is a sufficient decline in the real estate price index and a specified …
Persistent link: https://www.econbiz.de/10012763566
data that contains the self-perceived and actual mortality risk of individuals, as well as the price and quantity of their … independence of self-perceived risk and the price of insurance. Second, we find strong evidence of the opposite type of non … find that risk is negatively correlated with the quantity of insurance purchased although the theory predicts a positive …
Persistent link: https://www.econbiz.de/10012763899