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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
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
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
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
We consider how past, current, and future competition within an elimination tournament affect the probability that the stronger player wins. We present a two-stage model that yields the following main results: (1) a shadow effect--the stronger the expected future competitor, the lower the...
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 and Washington, D.C. The fictitious parent asked...
Persistent link: https://www.econbiz.de/10013313635
Affirmative action schemes must confront the tension between admitting the highest scoring applicants and ensuring diversity. In Chicago's affirmative action system for exam schools, applicants are divided into one of four socioeconomic tiers based on the characteristics of their neighborhood....
Persistent link: https://www.econbiz.de/10012995988
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10012983409
We study the welfare effects of offering choice over coverage levels—“vertical choice”—in regulated health insurance markets. We emphasize that heterogeneity in the efficient level of coverage is not sufficient to motivate choice. When premiums do not reflect individuals' costs, it may...
Persistent link: https://www.econbiz.de/10014260854