Loss aversion and health insurance plan switching
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jebo.2018.12.009
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Strombom, Bruce A. & Buchmueller, Thomas C. & Feldstein, Paul J., 2002. "Switching costs, price sensitivity and health plan choice," Journal of Health Economics, Elsevier, vol. 21(1), pages 89-116, January.
- Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
- Ulrich Schmidt, 2016.
"Insurance Demand Under Prospect Theory: A Graphical Analysis,"
Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 77-89, January.
- Schmidt, Ulrich, 2012. "Insurance demand under prospect theory: A graphical analysis," Kiel Working Papers 1764, Kiel Institute for the World Economy (IfW Kiel).
- Cutler, David & Lincoln, Bryan & Zeckhauser, Richard, 2010.
"Selection stories: Understanding movement across health plans,"
Journal of Health Economics, Elsevier, vol. 29(6), pages 821-838, December.
- David M. Cutler & Bryan Lincoln & Richard J. Zeckhauser, 2009. "Selection Stories: Understanding Movement Across Health Plans," NBER Working Papers 15164, National Bureau of Economic Research, Inc.
- Cutler, David & Lincoln, Bryan & Zeckhauser, Richard, 2009. "Selection Stories: Understanding Movement across Health Plans," Working Paper Series rwp09-022, Harvard University, John F. Kennedy School of Government.
- Zeckhauser, Richard Jay & Cutler, David M. & Lincoln, Bryan, 2009. "Selection Stories: Understanding Movement Across Health Plans," Scholarly Articles 4449102, Harvard Kennedy School of Government.
- Crocker, Keith J & Moran, John R, 2003. "Contracting with Limited Commitment: Evidence from Employment-Based Health Insurance Contracts," RAND Journal of Economics, The RAND Corporation, vol. 34(4), pages 694-718, Winter.
- Jean‐Pierre Dubé & Günter J. Hitsch & Peter E. Rossi, 2010.
"State dependence and alternative explanations for consumer inertia,"
RAND Journal of Economics, RAND Corporation, vol. 41(3), pages 417-445, September.
- Jean-Pierre Dubé & Günter J. Hitsch & Peter E. Rossi, 2009. "State Dependence and Alternative Explanations for Consumer Inertia," NBER Working Papers 14912, National Bureau of Economic Research, Inc.
- Quiggin, John, 1982. "A theory of anticipated utility," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December.
- Pierre-Andre Chiappori & Bernard Salanie, 2000.
"Testing for Asymmetric Information in Insurance Markets,"
Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 56-78, February.
- Pierre-André Chiappori & Bernard Salanié, 1997. "Testing for Asymmetric Information in Insurance Markets," Working Papers 97-11, Center for Research in Economics and Statistics.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Cardon, James H & Hendel, Igal, 2001. "Asymmetric Information in Health Insurance: Evidence from the National Medical Expenditure Survey," RAND Journal of Economics, The RAND Corporation, vol. 32(3), pages 408-427, Autumn.
- Michael Rothschild & Joseph Stiglitz, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 629-649.
- James H. Cardon & Mark H. Showalter, 2018. "Wages, Health Insurance Benefits, and Worker Sorting Under Asymmetric Information," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 25(3), pages 367-390, September.
- David M. Cutler & Sarah J. Reber, 1998. "Paying for Health Insurance: The Trade-Off between Competition and Adverse Selection," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(2), pages 433-466.
- Benjamin R. Handel, 2013. "Adverse Selection and Inertia in Health Insurance Markets: When Nudging Hurts," American Economic Review, American Economic Association, vol. 103(7), pages 2643-2682, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Martin Gaynor & Kate Ho & Robert J. Town, 2015.
"The Industrial Organization of Health-Care Markets,"
Journal of Economic Literature, American Economic Association, vol. 53(2), pages 235-284, June.
- Martin Gaynor & Kate Ho & Robert Town, 2014. "The Industrial Organization of Health Care Markets," NBER Working Papers 19800, National Bureau of Economic Research, Inc.
- Benjamin R. Handel & Kate Ho, 2021. "Industrial Organization of Health Care Markets," NBER Working Papers 29137, National Bureau of Economic Research, Inc.
- Marcus C. Christiansen & Martin Eling & Jan-Philipp Schmidt & Lorenz Zirkelbach, 2016.
"Who is Changing Health Insurance Coverage? Empirical Evidence on Policyholder Dynamics,"
Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(2), pages 269-300, June.
- Christiansen, Marcus & Eling, Martin & Schmidt, Jan-Philipp & Zirkelbach, Lorenz, 2012. "Who is Changing Health Insurance Coverage? Empirical Evidence on Policyholder Dynamics," Working Papers on Finance 1223, University of St. Gallen, School of Finance.
- Powell, David & Goldman, Dana, 2021.
"Disentangling moral hazard and adverse selection in private health insurance,"
Journal of Econometrics, Elsevier, vol. 222(1), pages 141-160.
- David Powell & Dana Goldman, 2016. "Disentangling Moral Hazard and Adverse Selection in Private Health Insurance," NBER Working Papers 21858, National Bureau of Economic Research, Inc.
- K. P. M. Winssen & R. C. Kleef & W. P. M. M. Ven, 2016. "Potential determinants of deductible uptake in health insurance: How to increase uptake in The Netherlands?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 17(9), pages 1059-1072, December.
- Fey, Jan-Christian & Schmeiser, Hato & Schreiber, Florian, 2024. "Optimal insurance deductibles under limited information," Journal of Economic Behavior & Organization, Elsevier, vol. 220(C), pages 202-221.
- Timothy F. Harris & Aaron Yelowitz & Jeffery Talbert & Alison Davis, 2023. "Adverse selection in the group life insurance market," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 911-941, October.
- Annette Hofmann & Mark Browne, 2013. "One-sided commitment in dynamic insurance contracts: Evidence from private health insurance in Germany," Journal of Risk and Uncertainty, Springer, vol. 46(1), pages 81-112, February.
- Sandroni, Alvaro & Squintani, Francesco, 2013. "Overconfidence and asymmetric information: The case of insurance," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 149-165.
- Mérel, Pierre & Ortiz-Bobea, Ariel & Paroissien, Emmanuel, 2021.
"How big is the “lemons” problem? Historical evidence from French wines,"
European Economic Review, Elsevier, vol. 138(C).
- Pierre Mérel & Ariel Ortiz-Bobea & Emmanuel Paroissien, 2020. "How Big is the “Lemons” Problem? Historical Evidence from French Wines," Working Papers SMART 20-05, INRAE UMR SMART.
- Pierre Mérel & Ariel Ortiz-Bobea & Emmanuel Paroissien, 2020. "How Big is the “Lemons” Problem? Historical Evidence from French Wines," Working Papers hal-02507225, HAL.
- Mérel, Pierre & Ortiz-Bobea, Ariel & Paroissien, Emmanuel, 2020. "How Big is the “Lemons” Problem? Historical Evidence from French Wines," Working Papers 302485, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
- Pierre Mérel & Ariel Ortiz-Bobea & Emmanuel Paroissien, 2021. "How big is the “lemons” problem? Historical evidence from French wines," Post-Print hal-04148936, HAL.
- Mérel, Pierre & Ortiz-Bobea, Davis Ariel & Paroissien, Emmanuel, 2021. "How Big is the “Lemons” Problem? Historical Evidence from French Wines," 2021 Allied Social Sciences Association (ASSA) Annual Meeting (Virtual), January 3-5, 2021, San Diego, California 308045, Agricultural and Applied Economics Association.
- Marc Fleurbaey, 2010.
"Assessing Risky Social Situations,"
Journal of Political Economy, University of Chicago Press, vol. 118(4), pages 649-680, August.
- Marc Fleurbaey, 2007. "Assessing Risky Social Situations," IDEP Working Papers 0703, Institut d'economie publique (IDEP), Marseille, France, revised Jan 2007.
- Fleurbaey, Marc, 2009. "Assessing risky social situations," LSE Research Online Documents on Economics 27006, London School of Economics and Political Science, LSE Library.
- FLEURBAEY, Marc, 2010. "Assessing risky social situations," LIDAM Reprints CORE 2289, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Daniel McFadden & Carlos Noton & Pau Olivella, "undated".
"Remedies for Sick Insurance,"
Working Papers
620, Barcelona School of Economics.
- Daniel McFadden & Carlos Noton & Pau Olivella, 2013. "Remedies for Sick Insurance," Documentos de Trabajo 302, Centro de Economía Aplicada, Universidad de Chile.
- Daniel L. McFadden & Carlos E. Noton & Pau Olivella, 2012. "Remedies for Sick Insurance," NBER Working Papers 17938, National Bureau of Economic Research, Inc.
- Nathaniel Hendren & Camille Landais & Johannes Spinnewijn, 2021.
"Choice in Insurance Markets: A Pigouvian Approach to Social Insurance Design,"
Annual Review of Economics, Annual Reviews, vol. 13(1), pages 457-486, August.
- Nathaniel Hendren & Camille Landais & Johannes Spinnewijn, 2020. "Choice in Insurance Markets: A Pigouvian Approach to Social Insurance Design," NBER Working Papers 27842, National Bureau of Economic Research, Inc.
- Hendren, Nathaniel & Landais, Camille & Spinnewijn, Johannes, 2021. "Choice in insurance markets: a Pigouvian approach to social insurance design," LSE Research Online Documents on Economics 115050, London School of Economics and Political Science, LSE Library.
- Landais, Camille & Hendren, Nathan & Spinnewijn, Johannes, 2020. "Choice in Insurance Markets: A Pigouvian Approach to Social Insurance Design," CEPR Discussion Papers 15285, C.E.P.R. Discussion Papers.
- Pierre-Yves Geoffard, 2012.
"Incentive and Selection Effects in Health Insurance,"
Chapters, in: Andrew M. Jones (ed.), The Elgar Companion to Health Economics, Second Edition, chapter 10,
Edward Elgar Publishing.
- Pierre-Yves Geoffard, 2006. "Incentive and Selection Effects in Health Insurance," Chapters, in: Andrew M. Jones (ed.), The Elgar Companion to Health Economics, chapter 10, Edward Elgar Publishing.
- Pierre-Yves Geoffard, 2006. "Incentive and Selection Effects in Health Insurance," Post-Print halshs-00754833, HAL.
- Heutel, Garth, 2019.
"Prospect theory and energy efficiency,"
Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 236-254.
- Garth Heutel, 2017. "Prospect Theory and Energy Efficiency," NBER Working Papers 23692, National Bureau of Economic Research, Inc.
- Hanming Fang & Michael P. Keane & Dan Silverman, 2008.
"Sources of Advantageous Selection: Evidence from the Medigap Insurance Market,"
Journal of Political Economy, University of Chicago Press, vol. 116(2), pages 303-350, April.
- Hanming Fang & Michael P. Keane & Dan Silverman, 2006. "Sources of Advantageous Selection: Evidence from the Medigap Insurance Market," NBER Working Papers 12289, National Bureau of Economic Research, Inc.
- Fang, Hanming & Keane, Michael & Silverman, Dan, 2006. "Sources of Advantageous Selection: Evidence from the Medigap Insurance Market," Working Papers 17, Yale University, Department of Economics.
- Tamara Bischof & Michael Gerfin & Tobias Mueller, 2021. "Attention Please! Health Plan Choice and (In-)Attention," Diskussionsschriften dp2111, Universitaet Bern, Departement Volkswirtschaft.
- Raj Chetty & Amy Finkelstein, 2012.
"Social Insurance: Connecting Theory to Data,"
NBER Working Papers
18433, National Bureau of Economic Research, Inc.
- Chetty, Nadarajan & Finkelstein, Amy Nadya, 2013. "Social Insurance: Connecting Theory to Data," Scholarly Articles 34330197, Harvard University Department of Economics.
- Jacob Glazer & Thomas G. McGuire & Julie Shi, 2016.
"Risk Adjustment of Health Plan Payments to Correct Inefficient Plan Choice from Adverse Selection,"
NBER Chapters, in: Measuring and Modeling Health Care Costs, pages 379-418,
National Bureau of Economic Research, Inc.
- Jacob Glazer & Thomas McGuire & Julie Shi, 2014. "Risk Adjustment of Health Plan Payments to Correct Inefficient Plan Choice from Adverse Selection," NBER Working Papers 19998, National Bureau of Economic Research, Inc.
- Levon Barseghyan & Francesca Molinari, 2023.
"Risk Preference Types, Limited Consideration, and Welfare,"
Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 41(4), pages 1011-1029, October.
- Levon Barseghyan & Francesca Molinari, 2023. "Risk Preference Types, Limited Consideration, and Welfare," Papers 2307.09411, arXiv.org.
- Clark, Robert L. & Morrill, Melinda Sandler & Vanderweide, David, 2014.
"The effects of retiree health insurance plan characteristics on retirees’ choice and employers’ costs,"
Journal of Health Economics, Elsevier, vol. 38(C), pages 119-129.
- Robert Clark & Melinda Morrill & David Vanderweide, 2013. "The Effects of Retiree Health Insurance Plan Characteristics on Retirees' Choice and Employers' Costs," NBER Chapters, in: State and Local Health Plans for Active and Retired Public Employees, National Bureau of Economic Research, Inc.
- Robert Clark & Melinda Morrill & David Vanderweide, 2013. "The Effects of Retiree Health Insurance Plan Characteristics on Retirees' Choice and Employers' Costs," NBER Working Papers 19566, National Bureau of Economic Research, Inc.
More about this item
Keywords
Health insurance; Switching costs; Loss aversion;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:180:y:2020:i:c:p:955-966. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jebo .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.