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New NBER WP: What is the objective of the firm? Shareholders want firms to set prices lower than the profit-maximizing price. 1/n nber.org/papers/w32064
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Keith Marzilli Ericson (he/him/his)
2K posts
Keith Marzilli Ericson (he/him/his)
@ProfKMEricson
Professor, Boston University Questrom School of Business
Boston, MA Katılım Ağustos 2009
585 Takip Edilen1K Takipçiler
Links and more on my other platforms.
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In our paper, Pricing Regulation and Imperfect Competition on the Massachusetts Health Insurance Exchange, Amanda Starc and I showed that younger consumers are substantially more price sensitive than older consumers.
Younger people do not just cross-subsidize older people...
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The decline in ACA marketplace enrollment after the end of the enhanced subsidies is troubling. It is not just that people are having more difficulty affording insurance-- who leaves the market also affects how well the market works.
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Keith Marzilli Ericson (he/him/his) retweetledi
Funny as a one-off, but shows how AI is will wreck every form of unverified communication.
In a few years, AI offers will crowd out all real offers and push serious buyers onto a verified platform.
It might be for the better—we’ll finally get the email tax that could have saved us from spam years ago.
Daniel@danielgothits
I have openclaw sending lowball offers on Zillow all day just to make boomers start panicking lol
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This administration is using healthcare fraud- a real policy concern- as a fig leaf to target political enemies. An administration that repeatedly lies and violates the law and Constitution shouldn't be trusted with unchecked power to arbitrarily pull funding without due process.
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Medicare Part B spends over $40 billion on physician-administered drugs. Our new study, forthcoming in the Journal of Public Economics, finds that the program's payment formula slows drug price growth over time.
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Details at academicjobsonline.org/ajo/jobs/31702
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Come work with me! I'm hiring for a post-doc position with expertise in health economics, to work on projects about healthcare markets and organizational form.
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@paulnovosad Journals exist to select publish good (correct, meaningful) papers and to direct attention to what is worth reading. It shouldn't matter how much work it took. Our current system too heavily weights "how much work did you do" rather than "is this result interesting and important"
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My initial thought was to pool states, clean it up and submit it to a journal. Why not? It's a good question, a reasonable empirical design relative to the literature.
Are journal articles supposed to be research results, or proof that authors paid their pound of flesh?
/7
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I was writing about land reform in West Bengal last night and was curious if it had persistent effects on the ownership distribution.
So I did what anyone would do, I* wrote an academic paper on it
Turns out — yes! 1/
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Details and links to report, editorial: bsky.app/profile/profer…
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The Boston Globe quotes me: "the number of administrative denials is surprising because administrative problems should be solvable.... software could prescreen claims to flag simple problems and catch incomplete claims before they are submitted.”
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Most insurance claim denials are for admin reasons.
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@ben_golub This was Robert Shiller's proposal decades ago --occupation insurance. I think it's both a great idea but very difficult. Just like with ltc insurance, it's hard for the insurer to diversify systematic risk.
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Would a private company selling "AI job displacement insurance" be viable?
Suppose it promises to pay if jobs in a given industry fall by some factor, and is well-capitalized and explains how it can pay claims.
Dumb explanations of how "that's not insurance" need not reply.
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@krisgulati Definitely disagree. Discount more if you write *only* with advisor, but publishing with advisor can be complement to publishing with peers.
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Unpopular opinion: I basically think that any paper with an advisor should be discounted to 0, and this may be one of the most - equitable - things about the econ market (not sure why this norm persists tho?). That said, AI may change this norm (?)
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Keith Marzilli Ericson (he/him/his) retweetledi
Business school and business research can bring so much value to the world. The questions we ask are hard. Beware the stories that sound simple and tidy.
John Horton@johnjhorton
I actually believe in business schools & research. There's so, so much waste in the world from poor management, and trying to systematically improve it is worthwhile. As such, people treating business academia as nothing more than lead gen for snake oil speaking gigs = the worst.
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Keith Marzilli Ericson (he/him/his) retweetledi
BU Questrom just launched a new PhD in Business Economics, in partnership with BU’s CAS Economics Dept.
Two academic homes. One mission: prepare bold thinkers to shape markets, policy, and business.
Details 👉 spr.ly/6015AhifJ
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I’m thrilled to share that BU Questrom is launching a PhD program in Business Economics, in collaboration with BU’s Department of Economics. Our goal is to prepare students to do high-impact research setting them up for academic careers.
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Q&A and details at: practicingeconomist.com/boston-univers…
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