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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020 - This version: 5 November 2020
net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10012310862
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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020 - This version: 5 November 2020
net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10012311343
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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020
net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10012312079
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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020 - This version: 5 November 2020
services, but at the same time it also increases the volume of trade leading to an ambiguous net effect on welfare. In the …
Persistent link: https://www.econbiz.de/10012237208
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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020
net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10012313962
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Hidden Talents: Partnerships with Pareto-Improving Private Information
Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2006
actually be welfare-enhancing in the strongest sense: there is a portion of the parameter space wherein incomplete information …
Persistent link: https://www.econbiz.de/10005752717
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Distributional effects of surging housing costs under Schwabe's Law
Grossmann, Volker; Larin, Benjamin; Löfflad, Hans Torben; … - 2019
for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … by 0.7 percentage points (measured by the top 10 percent share). Average welfare increases by 0.5 percent. The household …
Persistent link: https://www.econbiz.de/10012052790
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Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses
Bloom, David E.; Kuhn, Michael; Prettner, Klaus - 2020
We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012322424
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Modern infectious diseases: macroeconomic impacts and policy responses
Bloom, David E.; Kuhn, Michael; Prettner, Klaus - 2020
We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012271478
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Distributional effects of surging housing costs under Schwabe's law
Grossmann, Volker; Larin, Benjamin; Löfflad, Hans Torben; … - 2019
for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … by 0.7 percentage points (measured by the top 10 percent share). Average welfare increases by 0.5 percent. The household …
Persistent link: https://www.econbiz.de/10012026424