What does a deductible do? The impact of cost-sharing on health care prices, quantities, and spending dynamics

ZC Brot-Goldberg, A Chandra… - … Quarterly Journal of …, 2017 - academic.oup.com
Measuring consumer responsiveness to medical care prices is a central issue in health
economics and a key ingredient in the optimal design and regulation of health insurance …

What do consumers consider before they choose? Identification from asymmetric demand responses

J Abaluck, A Adams-Prassl - The Quarterly Journal of Economics, 2021 - academic.oup.com
Consideration set models generalize discrete-choice models by relaxing the assumption
that consumers consider all available options. Determining which options were considered …

The response of drug expenditure to nonlinear contract design: Evidence from Medicare Part D

L Einav, A Finkelstein, P Schrimpf - The quarterly journal of …, 2015 - academic.oup.com
We study the demand response to nonlinear price schedules using data on insurance
contracts and prescription drug purchases in Medicare Part D. We exploit the kink in …

Inattention and switching costs as sources of inertia in medicare part d

F Heiss, D McFadden, J Winter… - American Economic …, 2021 - aeaweb.org
Consumers' health plan choices are highly persistent even though optimal plans change
over time. This paper separates two sources of inertia, inattention to plan choice and …

Regulation of insurance with adverse selection and switching costs: Evidence from Medicare Part D

M Polyakova - American Economic Journal: Applied Economics, 2016 - pubs.aeaweb.org
I take advantage of regulatory and pricing dynamics in Medicare Part D to explore
interactions among adverse selection, inertia, and regulation. I first document novel …

Private provision of social insurance: drug-specific price elasticities and cost sharing in Medicare Part D

L Einav, A Finkelstein, M Polyakova - American Economic Journal …, 2018 - aeaweb.org
We explore how private drug plans set cost sharing in the context of Medicare Part D. While
publicly provided drug coverage typically involves uniform cost sharing across drugs, we …

Ask your doctor? Direct-to-consumer advertising of pharmaceuticals

M Sinkinson, A Starc - The Review of Economic Studies, 2019 - academic.oup.com
We measure the impact of direct-to-consumer television advertising (DTCA) by drug
manufacturers. Our identification strategy exploits shocks to local advertising markets …

Rational inattention, competitive supply, and psychometrics

A Caplin, D Csaba, J Leahy… - The Quarterly Journal of …, 2020 - academic.oup.com
We introduce a simple method of recovering attention costs from choice data. Our method
rests on a precise analogy with production theory. Costs of attention determine consumer …

Behavioral economics and health-care markets

A Chandra, B Handel, J Schwartzstein - Handbook of Behavioral …, 2019 - Elsevier
This chapter summarizes research in behavioral health economics, focusing on insurance
markets and product markets in health care. We argue that the prevalence of choice …

Bunching at the kink: implications for spending responses to health insurance contracts

L Einav, A Finkelstein, P Schrimpf - Journal of Public Economics, 2017 - Elsevier
A large literature in empirical public finance relies on “bunching” to identify a behavioral
response to non-linear incentives and to translate this response into an economic object to …