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ESTIMATING WELFARE IN INSURANCE MARKETS USING VARIATION IN PRICES

We provide a graphical illustration of how standard consumer and producer theory can be used to quantify the welfare loss associated with inefficient pricing in insurance markets with selection. We then show how this welfare loss can be estimated empirically using identifying variation in the price...

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Bibliographic Details
Main Authors: Einav, Liran, Finkelstein, Amy, Cullen, Mark R.
Format: Artigo
Language:Inglês
Published: 2010
Subjects:
Online Access:https://ncbi.nlm.nih.gov/pmc/articles/PMC3016055/
https://ncbi.nlm.nih.gov/pubmed/21218182
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1162/qjec.2010.125.3.877
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