JH Cardon… - RAND Journal of Economics, 2001 - JSTOR
Adverse selection is perceived to be a major source of market failure in insurance markets.
There is little empirical evidence on the extent of the problem. We estimate a structural
model of health insurance and health care choices using data on single individuals from ...
I Hendel… - Econometrica, 2006 - Wiley Online Library
1. We wish to thank David Bell for the data, Michael Keane, Ariel Pakes, John Rust, a co-
editor, Glenn Ellison, four anonymous referees, and seminar participants in several
workshops for comments and suggestions. We gratefully acknowledge support from the ...
I Hendel - 1994 - nber.org
This paper develops a multiple-discrete choice model for the analysis of demand of
differentiated products. Users maximize profits by choosing the number of units of each
brand they purchase. Multiple-unit as well as multiple-brand purchases are allowed. ...
I Hendel… - 1997 - nber.org
An undesirable feature of Akerlof style models of adverse selection is that ownership of"
used cars is independent of preferences and is therefore ad hoc. We present a dynamic
model" that incorporates the market for new goods. Consumers self-select into buying new ...
I Hendel… - The Rand Journal of Economics, 1999 - JSTOR
We present a model to address in a unified manner four ways in which a monopolist can
interfere with secondary markets. In the model, consumers have heterogeneous valuations
for quality so that used-good markets play an allocative role. Our results are the following:( ...
I Hendel… - 2000 - nber.org
We look at the life insurance industry to study the properties of long term contracts in a world
where consumers cannot commit to a contract. The main issue is how contracts are
designed to deal with classification risk. We present a model that captures the main ...
I Hendel… - 2002 - nber.org
Temporary price reductions (sales) are common for many goods and naturally result in large
increase in the quantity sold. We explore whether the data support the hypothesis that these
increases are, at least partly, due to dynamic consumer behavior: at low prices consumers ...
I Hendel… - 1998 - nber.org
Leasing contracts specify a rental rate and an option price at which the used good can be
bought at the termination of the lease. This option price cannot be controlled when the car is
sold. We show that in a world with symmetric information this additional control variable is ...
I Hendel - The Journal of Industrial Economics, 1996 - JSTOR
This paper presents a link between product market competition and the financial situation--in
particular asset composition--of firms, based on capital market imperfections. Consistent with
the popular view, the model shows that firms under financial distress use aggressive ...
I Hendel… - Econometrica, 2002 - faculty.econ.northwestern.edu
ABSTRACT Temporary price reductions (sales) are common for many goods and naturally
result in large increases in the quantity sold. In previous work we found that the data support
the hypothesis that these increases are, at least partly, due to stockpiling. In this paper we ...
I Hendel, A Nevo… - 2007 - nber.org
We compare outcomes obtained by sellers who listed their home on a newly developed For-
Sale-By-Owner (FSBO) web site versus those who used an agent and the Multiple Listing
Service (MLS). We do not find support for the hypothesis that listing on the MLS helps ...
I Hendel… - International Journal of Industrial …, 1997 - Elsevier
This paper models the choice of degree of focus (or general purposeness) available to firms
by endogenizing transportation costs in an address model of horizontal differentiation. The
formulation is in three stages: entry, focus or design competition and price competition. ...
I Hendel, J Shapiro… - Journal of Public Economics, 2005 - Elsevier
Affordable higher education is, and has been, a key element of social policy in the United
States with broad bipartisan support. Financial aid has substantially increased the number of
people who complete university—generally thought to be a good thing. We show, ...
I Hendel,
A Lizzeri… - The Review of …, 2005 - restud.oxfordjournals.org
Abstract We discuss a class of markets for durable goods where efficiency (or approximate
efficiency) is obtained despite the presence of information asymmetries. In the model, the
number of times a good has changed hands (the vintage of the good) is an accurate ...
P Dudine, I Hendel… - The American economic …, 2006 - ingentaconnect.com
Abstract: We study dynamic monopoly pricing of storable goods in an environment where
demand changes over time. The literature on durables has focused on incentives to delay
purchases. Our analysis focuses on a different intertemporal demand incentive. The key ...
I Hendel… - Quantitative Marketing and Economics, 2003 - Springer
One of the puzzles of store-level scanner data is the lack of a dip in quantity sold in the
weeks following a promotion. Such a dip is predicted by a consumer inventory model.
During a promotion consumers buy more, not only for current consumption, but stockpile ...
I Hendel… - Journal of the European Economic …, 2004 - Wiley Online Library
Abstract Storable products allow consumers to time their purchases to exploit price
fluctuations. It has been documented that during promotions consumers buy more. The
additional purchases are potentially intended not only for current use, but to be stockpiled ...
G Daily, I Hendel… - The American Economic Review, 2008 - JSTOR
There is a vast theoretical literature on dynamic contracts, whichhas received very little
empirical attention (exceptions are Pierre Andr? Chiappori, Bernard Salanie, and Julie
Valentin 1999 and Hendel and Lizzeri 2003). This paper describes how a recent ...
I Hendel, A Nevo… - 2008 - Citeseer
Abstract We compare outcomes obtained by sellers who listed their home on a newly
developed For-Sale-By-Owner (FSBO) web site versus those who used an agent and the
Multiple Listing Service (MLS). We do not… nd support for the hypothesis that listing on ...
I Hendel… - 2011 - nber.org
We study intertemporal price discrimination when consumers can store for future
consumption needs. To make the problem tractable we offer a simple model of demand
dynamics, which we estimate using market level data. Optimal pricing involves temporary ...
I Hendel… - manuscript. Department of Economics. …, 2010 - capcp.psu.edu
Abstract In the presence of intertemporal substitution, static demand estimation yields bi%
ased estimates and fails to recover long run price responses. Our goal is to present a
computationally simple way to estimate dynamic demand using aggregate data. Pre% ...
[CITATION] Estimating Multiple-Discrete Choice Models: An Application to Computerization Returns
I Hendel - NBER technical working paper series, 1994
P Willen, I Hendel… - 2004 - nber.org
Affordable higher education is, and has been, a key element of social policy in the United
States with broad bipartisan support. Financial aid has substantially increased the number of
people who complete university-generally thought to be a good thing. We show, however, ...
[CITATION] Measuring the Implications of Sales and Consumer Stockpiling Behavior
A Nevo… - 2002 - Mimeo, Berkeley, CA: University of …
[CITATION] The Role of PC's in Manufacturing Industries
I Hendel - Unpublished manuscript, Harvard University, 1993
I Hendel,
A Lizzeri… - Econometric Society World Congress …, 2000 - Citeseer
Abstract We study the possibility of achieving efficiency in a dynamic adverse selection
market for durable goods. The idea is to use the number of times a car has been traded
(“vintage”) as a signal of its quality. Higher-valuation consumers experiment with younger ...
I Hendel - Economics Letters, 1997 - Elsevier
The role of aggressive pricing as a source of internal funding is studied. We find that during
recessions, excepting the 1990–1 recession, smaller-firm industries reduce markups more
than large-firm industries, moreover, markup reductions increase in inventory intensity.
[CITATION] Asymmetric Information in Health Insurance: Evidence from the National Medical Expenditure Survey, 32 RAND J
JH Cardon… - 2001 - Econ
[CITATION] The Role of PCs in the Manufacturing Industry
I Hendel - 1994 - Chapter
Abstract This paper develops a model of nonlinear pricing of storable goods. We show that
storability imposes novel constraints on a monopolist's ability to extract surplus. We then
show that the attempt to relax these constraints can generate cyclical patterns in pricing ...
I Hendel… - Manuscript, Northwestern University, 2010 - w4.stern.nyu.edu
Abstract In the presence of intertemporal substitution, static demand estimation yields biased
estimates and fails to recover long run price responses. Previous work has documented the
existence of intertemporal substitution, its implications and offered ways to recover long ...
[CITATION] Report of the Editor American Economic Journal: Microeconomics
H Vandenbussche, MT Kiley, E Helpman, I Hendel… - Cambridge Univ Press
This section contains an index of current working papers by author-supplied keyword. The keyword
is followed by the name of the primary author. Long keywords have been truncated. A complete
bibliographic listing can be found by consulting the corresponding entry for the primary ...
[CITATION] Essays on Industrial Organization: Theory and Econometrics
IE Hendel - 1994 - Harvard University
I Hendel, A Nevo… - 2007 - graphics8.nytimes.com
Abstract A real estate agent may make up some of the commission he or she is paid by
helping the seller get a more favorable outcome. We match several data sets to compare the
outcomes obtained by sellers who listed their home on a For-Sale-By-Owner (FSBO) web ...
[CITATION] Educational Opportunity and the College Premium
I Hendel, JH Shapiro… - 2001
I Hendel… - 2003 - escholarship.org
I Hendel, A Nevo… - 2011 - courses.umass.edu
Abstract We study intertemporal price discrimination when consumers can store for future
consumption needs. To make the problem tractable we offer a simple model of de'mand
dynamics, which we estimate using market level data. Optimal pricing involves temporary ...
I Hendel… - 2000 - papers.ssrn.com
Abstract: Leasing contracts are extensively used in durable goods markets. These contracts
specify a rental rate and an option price at which the used good can be bought at the
termination of the lease. This option price cannot be controlled when the car is sold. We ...
A Nevo… - Competition Policy Center, Working …, 2001 - en.scientificcommons.org
Abstract Temporary price reductions (sales) are quite common for many goods and usually
result in an increase in the quantity sold. We explore whether the data support the
hypothesis that these increases are, at least partly, due to dynamic consumer behavior: at ...
I Hendel… - Princeton Economic Theory Papers, 1999 - ideas.repec.org
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