Showing 1 - 10 of 569
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
explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the …
Persistent link: https://www.econbiz.de/10013135363
reports on direct measures of preference parameters relating to risk tolerance, time preference, and intertemporal … of preference parameters display substantial heterogeneity. The majority of respondents fall into the least risk …-tolerant group, but a substantial minority display higher risk tolerance. The individual measures of intertemporal substitution and …
Persistent link: https://www.econbiz.de/10013210685
This paper provides an explanation for situations in which the state variables describing the economy do not change, but aggregate consumption experiences significant changes. We present a theory of pseudo-wealth—individuals' perceived wealth that is derived from heterogeneous beliefs and...
Persistent link: https://www.econbiz.de/10012978852
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 … document large choice inconsistencies, with the typical employee foregoing savings of more than $600 in their insurance plan …
Persistent link: https://www.econbiz.de/10012977629
Low income and minority students are under-represented in gifted education programs. One explanation for this pattern is that the usual process for identifying gifted students, through parent and teacher referrals, systematically misses many potentially qualified disadvantaged students. We use...
Persistent link: https://www.econbiz.de/10013016020
We analyze how admission policies affect stereotypes against students from disadvantaged groups. Many critics of affirmative action argue that lower admission standards cause such stereotypes and suggest group-blind admissions as a remedy. We show that when stereotypes result from social...
Persistent link: https://www.econbiz.de/10013044972
effects influence match outcomes and have been already been priced into betting markets …
Persistent link: https://www.econbiz.de/10013037448
School choice may allow schools to impede access to students perceived as costlier to educate. To test this, we sent … emails from fictitious parents to 6,452 charter schools and traditional public schools subject to school choice in 29 states …
Persistent link: https://www.econbiz.de/10013313635