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How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry
Borenstein, Severin; Rose, Nancy Lin - National Bureau of Economic Research (NBER) - 2007
Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that …
Persistent link: https://www.econbiz.de/10005777407
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The Welfare Impact of Reducing Choice in Medicare Part D: A Comparison of Two Regulation Strategies
Simon, Kosali Ilayperuma; Lucarelli, Claudio; Prince, … - National Bureau of Economic Research (NBER) - 2008
Motivated by widely publicized concerns that there are "too many" plans, we structurally estimate (and validate) an equilibrium model of the Medicare Part D market to study the welfare impacts of two feasible, similar-sized approaches for reducing choice. One reduces the maximum number of firm...
Persistent link: https://www.econbiz.de/10005575108
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Can Health Insurance Competition Work? Evidence from Medicare Advantage
Levin, Jonathan; Curto, Vilsa; Einav, Liran; … - National Bureau of Economic Research (NBER) - 2014
We estimate the economic surplus created by Medicare Advantage under its reformed competitive bidding rules. We use data on the universe of Medicare beneficiaries, and develop a model of plan bidding that accounts for both market power and risk selection. We find that private plans have costs...
Persistent link: https://www.econbiz.de/10011114863
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Sticking with What (Barely) Worked
Lefgren, Lars; Price, Joseph; Platt, Brennan - National Bureau of Economic Research (NBER) - 2011
Outcome bias occurs when an evaluator considers ex-post outcomes when judging whether a choice was correct, ex-ante. We formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by professional football coaches. We find they are more...
Persistent link: https://www.econbiz.de/10009328107
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Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?
Wolfers, Justin; Snowberg, Erik - National Bureau of Economic Research (NBER) - 2010
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning--longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10008631078
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Work and Play: International Evidence of Gender Equality in Employment and Sports
Klein, Michael W. - National Bureau of Economic Research (NBER) - 2002
This paper addresses the question of whether societies that afford economic opportunity to women offer other opportunities as well. The analysis in this paper shows that the performance of a country's women in international athletic competition reflects the degree of their relative participation...
Persistent link: https://www.econbiz.de/10005714772
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Fluctuations in Overseas Travel by Americans, 1820 to 2000
Weiss, Thomas; Dupont, Brandon; Gandhi, Alka - National Bureau of Economic Research (NBER) - 2009
There were substantial fluctuations in the numbers of American overseas travelers, especially before World War II. These fluctuations in travel around the robust, long term upward trend are the focus of this paper. We first identify those fluctuations in the raw data and then try to explain the...
Persistent link: https://www.econbiz.de/10005718305
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Who Wins the Olympic Games: Economic Development and Medal Totals
Bernard, Andrew B.; Busse, Meghan R. - National Bureau of Economic Research (NBER) - 2000
This paper examines determinants of Olympic success at the country level. Does the U.S. win its fair share of Olympic medals? Why does China win 6% of the medals even though it has 1/5 of the world's population? We consider the role of population and economic development in determining medal...
Persistent link: https://www.econbiz.de/10005830436
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Measuring the Output and Prices of the Lottery Sector: An Application of Implicit Expected Utility Theory
Yu, Kam - National Bureau of Economic Research (NBER) - 2008
Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric functional form, outputs of the Canadian Lotto 6/49...
Persistent link: https://www.econbiz.de/10005830508
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The Social and Economic Impact of Native American Casinos
evans, william n.; Topoleski, Julie H. - National Bureau of Economic Research (NBER) - 2002
casinos with slot machines and/or table games. We use a simple difference-in-difference framework where we compare economic … outcomes before and after tribes open casinos to outcomes over the same period for tribes that do not adopt or are prohibited … from adopting gaming. Four years after tribes open casinos, employment has increased by 26 percent, and tribal population …
Persistent link: https://www.econbiz.de/10005775265