| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14679 |
| 来源ID | Working Paper 14679 |
| Price Variation in Markets with Homogeneous Goods: The Case of Medigap | |
| Nicole Maestas; Mathis Schroeder; Dana Goldman | |
| 发表日期 | 2009-01-29 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Nearly 30 percent of Americans age 65 and older supplement their Medicare health insurance through the Medigap private insurance market. We show that prices for Medigap policies vary widely, despite the fact that all plans are standardized, and even after controlling for firm heterogeneity. Economic theory suggests that heterogeneous consumer search costs can lead to a non-degenerate price distribution within a market for otherwise homogenous goods. Using a structural model of equilibrium search costs first posed by Carlson and McAfee (1983), we estimate average search costs to be $72. We argue that information problems arise from the complexity of the insurance product and lead individuals to rely on insurance agents who do not necessarily guide them to the lowest prices. |
| 主题 | Health, Education, and Welfare ; Education |
| URL | https://www.nber.org/papers/w14679 |
| 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/572355 |
| 推荐引用方式 GB/T 7714 | Nicole Maestas,Mathis Schroeder,Dana Goldman. Price Variation in Markets with Homogeneous Goods: The Case of Medigap. 2009. |
| 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 | ||
| w14679.pdf（289KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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