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Using 1959D1991 growth rates for 449 4-digit US manufacturing industries, I test ÔideaÕ and Ôrival human capitalÕ models of endogenous growth. I Tnd the following: First, TFP growt...
EVIDENCE ON LEARNING AND NETWORK EXTERNALITIES IN THE DIFFUSION OF HOME COMPUTERS.
Some Evidence on the Importance of Sticky Prices.
Should countries or regions (generically, "states") invest more in education to promote economic growth? Policy makers often assert that if their state spends more on educating its population, growth...
Mortgage loans are leading examples of transactions where experts on one side of the market take advantage of consumers’ lack of knowledge and experience. We study the compensation that borrowers pay ...
In the market for medical care, physicians often face uncertainty about how a newly diagnosed patient will respond to available treatments. I design a framework to analyze how price and promotion in...
State governments contract with health maintenance organizations (HMOs) to coordinate medical care for nearly 20 million Medicaid recipients. Identifying the causal effect of HMO enrollment ongovernme...
Much of the extensive empirical literature on insurance markets has focused on whether adverse selection can be detected. Once detected, however, there has been little attempt to quantify its welfar...
We present a simple framework to illustrate the potential welfare gains from a “top up” health insurance policy that allows patients to pay the incremental price for more expensive treatment options....
We examine the effect of more than 3,400 gun shows using data from Gun and Knife Show Calendar and vital statistics data from California and Texas. Considering the one month following each show and a ...
We estimate the economic surplus created by Medicare Advantage under its reformed competitive bidding rules. We use data on the universe of Medicare beneÖciaries, and develop a model of plan bi...
The last several decades have seen dramatic increases in overall medical spending as a share of GDP. While debate continues about the exact source of this increased spending, evidence suggests that it...
From 1991 to 2009, the fraction of Medicaid recipients enrolled in HMOs and other forms of Medicaid managed care (MMC) increased from 11 percent to 71 percent. This increase was largely driven by stat...
To combat adverse selection, governments increasingly base payments to health plans and providers on enrollees’ scores from risk-adjustment formulae. In response to evidence of plan overpayments due t...
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 individuals’ budgets set create...

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