Between 1974 and 1981, the RAND health insurance experiment provided health insurance
to more than 5,800 individuals from about 2,000 households in six different locations across …

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 …

Using data from employer-provided health insurance and Medicare Part D, we investigate
whether health care utilization responds to the dynamic incentives created by the nonlinear …

This paper exploits a sharp reduction in patient cost sharing at age 70 in Japan, using a
regression discontinuity design to examine its effect on utilization, health, and financial risk …

Theoretical models predict asymmetric information in health insurance markets may
generate inefficient outcomes due to adverse selection and moral hazard. However …

We investigate whether individuals exhibit forward looking behavior in their response to the
non-linear pricing common in health insurance contracts. Our empirical strategy exploits the …

Nonlinear cost-sharing in health insurance encourages intertemporal substitution because
patients can reduce their out-of-pocket costs by concentrating spending in years when they …

Insurance induces a tradeoff between the welfare gains from risk protection and the welfare
losses from moral hazard. Empirical work traditionally estimates each side of the tradeoff …

The theme of this book is simple. The price–the number someone puts on a product to help
consumers decide to buy that product–comes from data. Specifically, itcomes from …

Since 2006, the Dutch population has faced two different cost-sharing schemes in health
insurance for curative care: a mandatory rebate in 2006 and 2007, and a mandatory …