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Purpose This paper aims to provide an overall review and assessment of the virtues and flaws of decentralized self-regulated markets, discussing in particular the extent to which deceiving attitudes by some market participants might be potentially diluted and contradicted....
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revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in … the Medicare Advantage (MA) program. During the time period we study (2007-2010), private fee-for-service (PFFS) plans … offered enhanced benefits beyond those of traditional Medicare (TM) without any restrictions on physician networks or …
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revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in … the Medicare Advantage (MA) program. During the time period we study (2007-2010), private fee-for-service (PFFS) plans … offered enhanced benefits beyond those of traditional Medicare (TM) without any restrictions on physician networks or …
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. Using data from Medicare Part D, we find that inattention is an important source of inertia but switching costs also play a …
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