Health Insurance Exchanges: How Economic and Financial Modeling Can Support State Implementation

Outlines considerations for modeling the impact of state health insurance exchanges on states, including size and number of exchanges; demographics, health status, and health costs of the newly covered; and extent of collaboration with other states

Price Discrimination and Copyright Law: Evidence from the Introduction of DVDs

This paper examines the welfare effects of intellectual property protection, accounting for firms’ optimal responses to legal environments. I examine firms’ use of indirect price discrimination in response to U. S. copyright law preventing direct price discrimination. Using data covering VHS and DVD movie distribution, I explain studios’ optimal pricing strategies under U. S. copyright law, and determine optimal pricing strategies under E. U. copyright law, which allows for direct price discrimination. I find that studios’ use of indirect price discrimination benefits consumers and harms retailers. Optimal pricing under E. U. copyright law further benefits studios and consumers. I also reanalyze these issues assuming continued DVD adoption.

Price Discrimination, Copyright Law, and Technological Innovation: Evidence from the Introduction of DVDs

This paper examines the welfare effects of intellectual property protection, accounting for firms' optimal responses to legal environments and technological innovation. I examine firms' use of indirect price discrimination in response to U.S. copyright law, which effectively prevents direct price discrimination. Using data covering VHS and DVD movie distribution, I explain studios' optimal pricing strategies under U.S. copyright law, and determine optimal pricing strategies under E.U. copyright law, which allows for direct price discrimination. I analyze these optimal pricing strategies for both the existing VHS technology and the new digital DVD technology. I find that studios' use of indirect price discrimination under US copyright law benefits consumers and harms retailers. Optimal pricing under E.U. copyright law also tends to benefit studios and consumers. I also reanalyze these issues assuming continued DVD adoption.

Analysis of HHS Final Rules on Reinsurance, Risk Corridors and Risk Adjustment

Summarizes final rules for states and health insurance plans for minimizing adverse selection under federal healthcare reform and highlights changes from proposed rules. Outlines implications for states and plans, as well as outstanding issues

Analysis of HHS Proposed Rules on Reinsurance, Risk Corridors and Risk Adjustment

Offers questions and answers about rules for lessening the financial risk of health insurance issuers and exchanges under healthcare reform. Outlines steps for states and health plans, outstanding issues, and operational impact on states

The Effects of Revenue-Sharing Contracts on Welfare in Vertically-Separated Markets: Evidence from the Video Rental Industry

In this study I analyze the implications of contractual innovation in vertically-separated industries, using the example of the video rental industry. Prior to 1998, video stores obtained inventory from movie distributors using simple linear pricing contracts. In 1998, revenue-sharing contracts, which include inventory restrictions, were widely adopted. I investigate the effect of using revenue-sharing contracts on firms' profits and consumer welfare, relative to linear pricing contracts. I analyze a new panel dataset of home video retailers that includes information on individual retailers' contract and inventory choices, weekly rentals and sales, and contract terms (prices and quantity restrictions) for 1,114 movie titles and 6,594 retailers in the U. S during each week of 1998 and 1999. A structural econometric model of firms' behavior is developed and estimated, and counterfactual experiments are performed. The results indicate that total upstream and downstream profits increase by three to six percent, and consumers benefit substantially when revenue-sharing contracts are adopted. I also examine the effects of the observed quantity restrictions. I find that these restrictions serve to increase profit for upstream firms and decrease profits for downstream firms, relative to revenue-sharing contracts without inventory restrictions.

Respecting corpses: : The ethics of grave re-use

The paper argues that grave re-use cannot be ethically evaluated simply by adverting to cognate issues, such as archeological and medical ethics, since grave re-use comprises a very specific type of disturbance. Whilst there is no general ethical prohibition against disturbing the dead, a more detailed analysis is required in the case of English Victorian ‘perpetuity graves’. It is argued that, even granted that posthumous harms exist, on a proper understanding of what motivated purchase of perpetuity graves their re-use does not constitute a prohibitive posthumous harm. Objections to grave re-use on the grounds of the wellbeing of the living are then considered. Repugnance towards grave re-use is grounded in solicitous attitudes towards the dead and ontological anxiety about the fate of our own and our loved one’s bodies. Nonetheless, repugnance should not be a weighty consideration in the policy debate. Finally, major pragmatic considerations in favour of grave re-use are reiterated. In sum, arguments against grave re-use are weak, and pragmatic arguments for grave re-use are strong, so re-using graves is ethically permissible

Risk Adjustment and Reinsurance: A Work Plan for State Officials

Outlines the decisions and actions states need to take to implement the risk adjustment and reinsurance provisions of the 2010 health reform law, including risk adjustment model, reinsurance parameters, stakeholder engagement, and program administration