We use health insurance claims data from 63 large employers to estimate the extent of price shopping for nine common outpatient services in consumer-directed health plans (CDHPs) compared to traditional health plans. The main measures of price-shopping include: (1) the total price paid on the claim, (2) the share of claims from low and high cost providers and (3) the savings from price shopping...

We measure the information content of monthly analyst consensus forecasts for one-year-forward earnings per share (EPS) based on two well-established price discovery measures drawn from the area of market micro-structure research. Employing a 36-year sample of large American companies listed in the S&P 100 Index, we compute (i) Hasbrouck’s information shares and (ii) Gonzalo and Granger’s commo...

Despite what the somewhat technical namemight suggest, multiple cue probability learning (MCPL) problems are commonly encountered in daily life. For instance, we may have to judge whether it will rain from cues such as temperature, humidity, and the time of year. Or, we may have to judge whether someone is telling the truth from cues such as pitch of voice, level of eye contact, and rate of eye...

iran has experienced high food prices in recent years. this paper examines the welfare impacts of rising major food groups' prices on iranian urban households using quadratic almost ideal demand system (quaids) approach. the elasticity coefficients derived from quaids are used to estimate compensated variations (cv).the study uses iranian household expenditure and income survey (heis) raw data,...

This paper examines the impact of exchange-rate regime change on price disparity China’s dual-listed stocks. We use four years synchronous intraday data 26 pairs RMB-denominated A-shares and their corresponding HKD-denominated H-shares. The sample period covers 2005 2008 changes in exchange rate regime. During that time, Chinese authorities strictly prohibited short selling stocks tightly regul...

BACKGROUND Managed competition was introduced into the health care system in several countries including the Netherlands, although effects of competition of both providers and health insurers on the price of health care are inconclusive. We investigated the association between competition of both providers (care groups) and health insurers and the price of disease management programmes (DMPs). ...

there are many agreements for transferring technology, but license agreement is the most important agreement in this regard. according to the mentioned agreement, the owner of patent or technology as licensor grants the license to licensee in specific duration and in a given territory. exclusive rights of licensor and the objectives of competition law, including the welfare of consumers or prev...

Unlike frequent price promotions, a publicly announced permanent price cut is more likely to cause consumers to strategically shift their decision rules to adapt to the new pricing regime. Research is needed to (1) study whether permanent price cuts cause consumer preference to shift over time; (2) examine how the price cuts affect consumer choices in the short and long run; (3) examine the dif...