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Adverse Selection and Switching Costs in Health Insurance Markets: When Nudging Hurts
This paper investigates consumer switching costs in the context of health insurance markets, where adverse selection is a potential concern. Switching costs contribute to poor choices when the market environment changes and consumers do not…
Video
Dynamics of Information Exchange in Endogenous Social Networks
Most individuals form their opinions about the quality of new products, social trends and political issues via their interactions in social and economic networks. While the role of social networks as a conduit for information…
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On the Equilibria of Alternating Move Games
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Price of Anarchy for Greedy Auctions
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