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Control Number308488
Date and Time of Latest Transaction20150706092936.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameLamiraud, Karine
 Frank, Richard G.
Title StatementChoice, price competition and complexity in markets for health insurance by Richard G. Frank and Karine Lamiraud
Physical Descriptionpages 550-562 Computer file; text; 299kb
Summary, Etc.The United States and other nations rely on consumer choice and price competition between competing health plans to allocate resources in the health sector. While a great deal of research has examined the efficiency consequences of adverse selection in health insurance markets, less attention has been devoted to other aspects of consumer choice. The nation of Switzerland offers a unique opportunity to study price competition in health insurance markets. Switzerland regulates health insurance markets with the aim of minimizing adverse selection and encouraging strong price competition. We examine consumer responses to price differences in local markets and the degree of price variation in local markets. Using both survey data and observations on local markets we obtain evidence suggesting that as the number of choices offered to individuals grows, their willingness to switch plans given a set of price dispersion differences declines, which allows large price differences for relatively homogeneous products to persist. We consider explanations for this phenomenon from economics and psychology
Subject Added Entry - Topical TermSocial sciences
 Health insurance
 Consumer choice
 Price dispersion
LocationDOST STII ScienceDirect NONPRINTS NP 13-14069 1 13-14069 Online/Download 2010-11-05
 
     
 
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Department of Science and Technology
Science and Technology Information InstituteScienceDirect
 
     
 
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