| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22732 |
| 来源ID | Working Paper 22732 |
| Estimating the Heterogeneous Welfare Effects of Choice Architecture: An Application to the Medicare Prescription Drug Insurance Market | |
| Jonathan D. Ketcham; Nicolai V. Kuminoff; Christopher A. Powers | |
| 发表日期 | 2016-10-17 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We develop a structural model for bounding welfare effects of policies that alter the design of differentiated product markets when some consumers may be misinformed about product characteristics and inertia in consumer behavior reflects a mixture of latent preferences, information costs, switching costs and psychological biases. We use the model to analyze three proposals to redesign markets for Medicare prescription drug insurance: (1) reducing the number of plans, (2) providing personalized information, and (3) defaulting consumers to cheap plans. First we combine administrative and survey data to determine which consumers make informed enrollment decisions. Then we analyze the welfare effects of each proposal, using revealed preferences of informed consumers to proxy for concealed preferences of misinformed consumers. Results suggest that each policy produces large gains and losses for some consumers, but the menu reduction would unambiguously harm most consumers whereas personalized information would unambiguously benefit most consumers. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Economics of Information ; Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w22732 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580406 |
| 推荐引用方式 GB/T 7714 | Jonathan D. Ketcham,Nicolai V. Kuminoff,Christopher A. Powers. Estimating the Heterogeneous Welfare Effects of Choice Architecture: An Application to the Medicare Prescription Drug Insurance Market. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22732.pdf（1418KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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