| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7564 |
| DP7564 From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons | |
| Kevin O'Rourke; Gisela Rua; Miguel Almunia | |
| 发表日期 | 2009-11-22 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We analyze exclusive contracts between health care providers and insurers in a model where some consumers choose to stay uninsured. In case of a monopoly insurer, exclusion of a provider changes the distribution of consumers who choose not to insure. Although the foreclosed care provider remains active in the market for the non-insured, we show that exclusion leads to anti-competitive effects on this non-insured market. As a consequence exclusion can raise industry profits, and then occurs in equilibrium. Under competitive insurance markets, the anticompetitive exclusive equilibrium survives. Uninsured consumers, however, are now not better off without exclusion. Competition among insurers raises prices in equilibria without exclusion, as a result of a horizontal analogue to the double marginalization effect. Instead, under competitive insurance markets exclusion is desirable as long as no provider is excluded by all insurers. |
| 主题 | Industrial Organization |
| 关键词 | Anti-competitive effects Exclusion Foreclosure Health insurance Selective contracting Uninsured |
| URL | https://cepr.org/publications/dp7564 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536401 |
| 推荐引用方式 GB/T 7714 | Kevin O'Rourke,Gisela Rua,Miguel Almunia. DP7564 From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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