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Persistent link: https://www.econbiz.de/10003809662
We study a structural model of college admissions framed as a contest between a continuum of students for enrollment in a continuum of colleges where the contest outcome is decided by the students' choice of human capital (HC). Students have private information about their learning costs, and...
Persistent link: https://www.econbiz.de/10012951191
Sports books frequently offer bettors a variety of promotions as either marketing tools or incentives to enter into …
Persistent link: https://www.econbiz.de/10014344659
sequence is fair. We thus argue that it might be useful for other sports and contests in general to consider adopting the ABBA …
Persistent link: https://www.econbiz.de/10011704206
In the paper is considered identification of coefficients in equations explaining a continuous variable, say the number of sickness absence days of an individual per year, by cohort, time and age, subject to their definitional identity. Extensions of a linear equation to polynomials, including...
Persistent link: https://www.econbiz.de/10009723903
We study optimal risk adjustment in imperfectly competitive health insurance markets when high-risk consumers are less likely to switch insurer than low-risk consumers. First, we find that insurers still have an incentive to select even if risk adjustment perfectly corrects for cost differences...
Persistent link: https://www.econbiz.de/10013123527
We consider a two-period model. In the first period, individuals consume two goods: one is sinful and the other is not. The sin good brings pleasure but has a detrimental effect on second period health and individuals tend to underestimate this effect. In the second period, individuals can...
Persistent link: https://www.econbiz.de/10012772005
What are the cumulative effects of health shocks over the life-cycle? The answer depends on the nature of persistence of bad health and the extent to which it changes individuals' economic circumstances. We measure the lifetime costs of bad health using a rich structural model that can reproduce...
Persistent link: https://www.econbiz.de/10012932427
This study examines whether health care is affected by Baumol’s cost disease in a scenario of no growth. Baumol's model … working hours. In both scenarios the cost disease does not affects the health care. However, in the second scenario an … relative cost of health care will increase over the years. Therefore, although the cost disease does not affect the health …
Persistent link: https://www.econbiz.de/10011648466