| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25652 |
| 来源ID | Working Paper 25652 |
| Evaluating Consumers' Choices of Medicare Part D Plans: A Study in Behavioral Welfare Economics | |
| Michael P. Keane; Jonathan D. Ketcham; Nicolai V. Kuminoff; Timothy Neal | |
| 发表日期 | 2019-03-18 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We propose new methods to model behavior and conduct welfare analysis in complex environments where some choices are unlikely to reveal preferences. We develop a mixture-of-experts model that incorporates heterogeneity in consumers’ preferences and in their choice processes. We also develop a method to decompose logit errors into latent preferences versus optimization errors. Applying these methods to Medicare beneficiaries’ prescription drug insurance choices suggests that: (1) average welfare losses from suboptimal choices are small, (2) beneficiaries with dementia and depression have larger losses, and (3) policies that simplify choice sets offer small average benefits, helping some people but harming others. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Behavioral Economics ; Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w25652 |
| 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/583326 |
| 推荐引用方式 GB/T 7714 | Michael P. Keane,Jonathan D. Ketcham,Nicolai V. Kuminoff,et al. Evaluating Consumers' Choices of Medicare Part D Plans: A Study in Behavioral Welfare Economics. 2019. |
| 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 | ||
| w25652.pdf（1253KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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