Issue 1

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April 2020
Articles: 

Any Willing Provider and Negotiated Retail Pharmaceutical Prices

Any Willing Provider (AWP) regulations require insurers to allow health care providers network membership, eliminating an insurer's ability to commit to a limited network of providers.

Direct welfare analysis of relative price regulation

The paper synthesizes and develops the welfare analysis of regulating relative prices, for example price di¤erences, of which banning price discrimination is a special case.

The Effect of Information Salience on Product Quality: Louisville Restaurant Hygiene and Yelp.com

In June 2013, Louisville, Kentucky, announced plans to provide restaurant health inspection data to Yelp.com for publication on their popular consumer-review website.

Real‐Time Pricing and Imperfect Competition in Electricity Markets

We analyze the effects of the adoption of real‐time pricing (RTP) of electricity when generating firms have market power.

Using Customer Service to Build Clients' Trust

It is well known in the credence-good literature that in an expert-client relationship, under the Liability assumptions, clients have to reject the expert's serious-treatment recommendations with a po

Mean Reversion in Investment Decisions: The Case of Hollywood

One explanation for the comparatively lower quality of movie sequels is selection bias, known in personnel economics as the Peter principle (Lazear, 2004).