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 …

informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can …

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 …

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 …

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 …

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 …

the benefits of mitigating risk exceed incentive costs. This note suggests that private insurance should be considered …

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 …

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 …