Artikel
Estimating price sensitivity of economic agents using discontinuity in nonlinear contracts
This paper proposes a method to estimate price sensitivity of economic agents exploiting discontinuity in nonlinear contracts. As an application, we study contracts between a managed care organization and hospitals for organ transplants. Exploiting donut holes in the reimbursement contracts, we show that the impact of the reimbursement rate on hospitals' provision of health care services varies significantly across patients with different levels of illness severity. Our methodology is applicable to important classes of models such as consumer choice under nonlinear pricing and contracting with nonlinear incentives.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Quantitative Economics ; ISSN: 1759-7331 ; Volume: 8 ; Year: 2017 ; Issue: 2 ; Pages: 397-433 ; New Haven, CT: The Econometric Society
- Classification
-
Wirtschaft
Econometric and Statistical Methods and Methodology: General
Model Construction and Estimation
Analysis of Health Care Markets
- Subject
-
Nonlinear contracts
heterogeneity in price sensitivity
health care
- Event
-
Geistige Schöpfung
- (who)
-
Bajari, Patrick L.
Hong, Han
Park, Minjung
Town, Robert J.
- Event
-
Veröffentlichung
- (who)
-
The Econometric Society
- (where)
-
New Haven, CT
- (when)
-
2017
- DOI
-
doi:10.3982/QE602
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Bajari, Patrick L.
- Hong, Han
- Park, Minjung
- Town, Robert J.
- The Econometric Society
Time of origin
- 2017
Other Objects (12)
Estimating nonlinear heterogeneous agents models with neural networks
Optimal Contracts for Discouraging Deforestation with Risk Averse Agents
Modeling and Estimating the Loss Given Default of Leasing Contracts
Incentive Contracts in Two-Sided Moral Hazards with Multiple Agents
Estimating local interactions among many agents who observe their neighbors
Estimating heterogeneous agents behavior in a two-market financial system
Incomplete contracts and Nash implementation in the case of two agents
Contracts for agents with biased beliefs: Some theory and an experiment
Estimating heterogeneous agents behavior with different investment horizons in stock markets
Estimating the Impacts of a Fruit Fly Eradication Program in Peru: A Geographical Regression Discontinuity Approach
Estimating the effects of the minimum wage in a developing country: A density discontinuity design approach
Pooling hawks and doves: Interim-efficient labor contracts for other-regarding agents
Estimating nonlinear heterogeneous agents models with neural networks
Optimal Contracts for Discouraging Deforestation with Risk Averse Agents
Modeling and Estimating the Loss Given Default of Leasing Contracts
Incentive Contracts in Two-Sided Moral Hazards with Multiple Agents
Estimating local interactions among many agents who observe their neighbors
Estimating heterogeneous agents behavior in a two-market financial system
Incomplete contracts and Nash implementation in the case of two agents
Contracts for agents with biased beliefs: Some theory and an experiment
Estimating heterogeneous agents behavior with different investment horizons in stock markets
Estimating the Impacts of a Fruit Fly Eradication Program in Peru: A Geographical Regression Discontinuity Approach
Estimating the effects of the minimum wage in a developing country: A density discontinuity design approach
Pooling hawks and doves: Interim-efficient labor contracts for other-regarding agents
Estimating nonlinear heterogeneous agents models with neural networks
Optimal Contracts for Discouraging Deforestation with Risk Averse Agents
Modeling and Estimating the Loss Given Default of Leasing Contracts
Incentive Contracts in Two-Sided Moral Hazards with Multiple Agents
Estimating local interactions among many agents who observe their neighbors
Estimating heterogeneous agents behavior in a two-market financial system
Incomplete contracts and Nash implementation in the case of two agents
Contracts for agents with biased beliefs: Some theory and an experiment
Estimating heterogeneous agents behavior with different investment horizons in stock markets
Estimating the Impacts of a Fruit Fly Eradication Program in Peru: A Geographical Regression Discontinuity Approach
Estimating the effects of the minimum wage in a developing country: A density discontinuity design approach