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Dynamic Pricing Regulation and Welfare in Insurance Markets
Aizawa, Naoki; Ko, Ami - National Bureau of Economic Research - 2023
While the traditional role of insurers is to provide protection against idiosyncratic risks of individuals, insurers themselves face substantial uncertainties due to aggregate shocks. To prevent insurers from passing through aggregate risks to consumers, governments have increasingly adopted...
Persistent link: https://www.econbiz.de/10014226149
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Banks in Space
Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024
We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period, large banks expanded rapidly, mostly by adding new branches in new locations, while many small banks exited. We document that large banks sorted into the densest markets, but...
Persistent link: https://www.econbiz.de/10014512110
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Finance as a Barrier to Entry : Bank Competition and Industry Structure in Local U.S. Markets
Cetorelli, Nicola - 2004
This paper tests how competition in local U.S. banking markets affects the market structure of non-financial sectors …. Theory offers competing hypotheses about how competition ought to influence firm entry and access to bank credit by mature …
Persistent link: https://www.econbiz.de/10012467857
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The Expansionary and Contractionary Supply-Side Effects of Health Insurance
Geddes, Eilidh; Schnell, Molly - National Bureau of Economic Research - 2023
We examine how health insurance expansions affect the entry and location decisions of health care clinics. Exploiting county-level changes in insurance coverage following the Affordable Care Act and 1,721 retail clinic entries and exits, we find that local increases in insurance coverage do not...
Persistent link: https://www.econbiz.de/10014322870
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The Incidence of Adverse Selection : Theory and Evidence from Health Insurance Choices
Geruso, Michael; Layton, Timothy; Leive, Adam - National Bureau of Economic Research - 2023
Existing research on selection in insurance markets focuses on how adverse selection distorts prices and misallocates products across people. This ignores the distributional consequences of who pays the higher prices. In this paper, we show that the distributional incidence depends on the...
Persistent link: https://www.econbiz.de/10014322822
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Stress Testing Structural Models of Unobserved Heterogeneity : Robust Inference on Optimal Nonlinear Pricing
Bodoh-Creed, Aaron L.; Hickman, Brent R.; List, John A.; … - National Bureau of Economic Research - 2023
In this paper, we provide a suite of tools for empirical market design, including optimal nonlinear pricing in intensive-margin consumer demand, as well as a broad class of related adverse-selection models. Despite significant data limitations, we are able to derive informative bounds on demand...
Persistent link: https://www.econbiz.de/10014337879
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Rising Markups or Changing Technology?
Foster, Lucia; Haltiwanger, John C.; Tuttle, Cody - National Bureau of Economic Research - 2022
Recent evidence suggests the U.S. business environment is changing, with rising market concentration and markups. The most prominent and extensive evidence backs out firm-level markups from the first-order conditions for variable factors. The markup is identified as the ratio of the variable...
Persistent link: https://www.econbiz.de/10013388847
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Quality Regulation and Competition : Evidence from Pharmaceutical Markets
Atal, Juan Pablo; Cuesta, José Ignacio; Sæthre, Morten - National Bureau of Economic Research - 2022
Quality regulation attempts to ensure quality and foster competition by reducing vertical differentiation, but it may …
Persistent link: https://www.econbiz.de/10013361980
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The Steering Incentives of Gatekeepers in the Telecommunications Industry
McManus, Brian; Nevo, Aviv; Nolan, Zachary; Williams, … - National Bureau of Economic Research - 2022
We study trade-offs faced by multiple-system operators (MSOs), the gatekeepers in the provision of internet service, when setting prices and quality for internet access and TV service. In response to improvements in over-the-top video (OTT), MSOs choose between accommodating OTT to share in the...
Persistent link: https://www.econbiz.de/10013362053
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Why is Productivity Correlated with Competition?
Backus, Matthew - 2019
The correlation between productivity and competition is an oft-observed but ill-understood result. Some suggest that … there is a treatment effect of competition on measured productivity, e.g. through a reduction of managerial slack. Others … argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals …
Persistent link: https://www.econbiz.de/10012479699