We study a Chinese policy that awards substantial tax cuts to firms with R&D investment over a threshold or “notch.” Quasi-experimental variation and administrative tax data show a …
L Einav, A Finkelstein - Journal of the European Economic …, 2018 - academic.oup.com
We describe research on the impact of health insurance on healthcare spending (“moral hazard”), and use this context to illustrate the value of and important complementarities …
Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to estimating the Elasticity of Intertemporal Substitution (EIS). In the UK, the …
A Nevo, JL Turner, JW Williams - Econometrica, 2016 - Wiley Online Library
We estimate demand for residential broadband using high‐frequency data from subscribers facing a three‐part tariff. The three‐part tariff makes data usage during the billing cycle a …
This chapter reviews the recent developments in the bunching literature, both when bunching appears in the outcome variable and when it appears in the treatment variable …
L Einav, A Finkelstein, M Polyakova - American Economic Journal …, 2018 - aeaweb.org
We explore how private drug plans set cost sharing in the context of Medicare Part D. While publicly provided drug coverage typically involves uniform cost sharing across drugs, we …
The elasticity of taxable income is vital when predicting the effect of taxes. Bunching at kinks/notches has been used to estimate this elasticity. We show that when the preference …
Medicare Part D enrollees face a complicated decision: they dynamically choose prescription drug consumption in each period given difficult-to-find prices and a nonlinear …
This paper studies the bunching identification strategy for an elasticity parameter that summarizes agents' responses to changes in slope (kink) or intercept (notch) of a schedule …