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When public long-term care (LTC) insurance is provided by insurers, they typically lack incentives for purchasing cost …-effective LTC. Providing insurers with appropriate incentives for efficiency without jeopardizing access for high-risk individuals … in reducing predicted losses for subgroups of health care users. Nevertheless, incentives for risk selection against some …
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In merger analysis and other antitrust settings, risk is often cited as a potential barrier to entry. But there is little consensus as to the kinds of risk that matter- systematic versus non-systematic and industry-wide versus firm-specific - and the mechanisms through which they affect entry. I...
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