Liran Einav
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Market Design in Regulated Health Insurance Markets: Risk Adjustment vs. Subsidies Open
Health insurance is increasingly provided through managed competition, in which subsidies for consumers and risk adjustment for insurers are key market design instruments.We illustrate that subsidies offer two advantages over risk adjustme…
A blueprint for U.S. health insurance policy Open
There is no shortage of proposals for U.S. health insurance reform. In our recent book, We've Got You Covered: Rebooting American Health Care (Einav & Finkelstein, 2023), we offered one more. It grew out of our internal debates over health…
Response to Jason Furman Open
We are pleased that Jason Furman responded to our proposal by recommending that the book (on which we base the proposal) should be "required reading by specialists and non-specialists alike" and noting that he "would be perfectly happy if …
View article: Selling Subscriptions
Selling Subscriptions Open
Retailers are increasingly selling goods and services via subscriptions instead of spot markets.In this paper, we study one benefit to the retailer of selling subscriptions: the possibility thatpresumably because of inattention or inertia …
The risk of losing health insurance in the United States is large, and remained so after the Affordable Care Act Open
Health insurance coverage in the United States is highly uncertain. In the post-Affordable Care Act (ACA), pre-COVID United States, we estimate that while 12.5% of individuals under 65 are uninsured at a point in time, twice as many—one in…
Empirical Analyses of Selection and Welfare in Insurance Markets: A Self-Indulgent Survey Open
This review article, which was solicited by the Geneva Risk and Insurance Review, surveys work that has been done using an empirical framework for analyzing selection in insurance markets developed by Einav, Finkelstein, and Cullen (2010).…
View article: Assessing the Gains from E-Commerce
Assessing the Gains from E-Commerce Open
E-commerce represents a rapidly growing share of consumer spending in the United States. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus. We estimate…
Replication Code for: Financial Incentives to Facilities and Clinicians Treating Patients with End-Stage Kidney Disease and Use of Home Dialysis Open
The replication package contains code to replicate tables and figures from "Financial Incentives to Facilities and Clinicians Treating Patients with End-Stage Kidney Disease and Use of Home Dialysis" by Ji, Einav, Mahoney, and Finkelstein …
Financial Incentives to Facilities and Clinicians Treating Patients With End-stage Kidney Disease and Use of Home Dialysis Open
Importance Home dialysis rates for end-stage kidney disease (ESKD) treatment are substantially lower in the US than in other high-income countries, yet there is limited knowledge on how to increase these rates. Objective To report results …
Producing Health: Measuring Value Added of Nursing Homes Open
We develop a stylized model that allows us to estimate a value-added measure for nursing homes ("SNFs") which accounts for patient selection both into and out of a SNF.We use the model, together with detailed data on the physical and menta…
Voluntary Regulation: Evidence from Medicare Payment Reform Open
Government programs are often offered on an optional basis to market participants. We explore the economics of such voluntary regulation in the context of a Medicare payment reform, in which one medical provider receives a single, predeter…
Replication Data for: 'Voluntary Regulation: Evidence from Medicare Payment Reform' Open
The programs replicate tables and figures from "Voluntary Regulation: Evidence from Medicare Payment Reform", by Einav, Finkelstein, Ji, and Mahoney. Please see the readme file for additional details.
Long-Term Care Hospitals: A Case Study in Waste Open
There is substantial waste in U.S. healthcare but little consensus on how to combat it. We identify one source of waste: long-term care hospitals (LTCHs). Using the entry of LTCHs into hospital markets in an event study design, we find tha…
Replication data for: Long-Term Care Hospitals: A Case Study in Waste Open
Einav, L., Finkelstein, A., and Mahoney, N., (2023). “Long-Term Care Hospitals: A Case Study in Waste.” Review of Economics and Statistics 105:4, 745–765.
The IO of Selection Markets Open
This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on "selection markets, " which cover markets in which consumers vary not only in how much they are willing to pay for a product bu…
The Impact of Increased Access to Telemedicine Open
We estimate the impact of increased access to telemedicine that followed widespread adoption during the March-April 2020 lockdown period in Israel (due to .We focus on the post-lockdown period, which in Israel was characterized by a tempor…