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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...
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"public interest" in these activities should be protected by government oversight. Regulation subsequently was expanded to … societal needs. The choice between imperfect competition and imperfect regulation is never an easy one. Either system imposes … evolution in public policy, and assess some of the principal costs and benefits of regulation and deregulation …
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The neutral architecture of the Internet is being challenged by various parties, such as network operators providing the connections to end-users, who are interested in gaining control of the information exchanged over the Internet. What are the effects on competition and welfare of such...
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