Contributed Papers in Health Economics
Friday, Jan. 6, 2017 1:00 PM – 3:00 PM
- Chair: Michael Fitzmaurice, JMF Associates
Mandatory Quality Disclosure and Forward-looking Firm Behavior
AbstractMandatory quality disclosure is pervasive across several industries and often includes a period over which the quality of new entrants is unreported. This provides the opportunity for forward-looking firms to adjust product characteristics in advance of disclosure. Using comprehensive data on Medicare Advantage from 2007-2014, I first demonstrate empirically that there exists a consumer response to quality disclosure and persistence in market shares over time. I then investigate the presence of forward-looking behavior, where I find that low-quality firms benefit from nondisclosure of quality by charging higher premiums and offering less variety across markets.
Bargaining, Competition and Price in Hospital Markets
The New Dynamics of United States Health Insurance
- I0 - General