Indicate whether the statement is true, false, or unclear, and justify your answer. Cawley and Philipson (1999)

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Indicate whether the statement is true, false, or unclear, and justify your answer.

Cawley and Philipson (1999) find that, in life insurance markets, there is a bulk discount (that is, people buying larger policies pay lower per-unit prices). They conclude that this finding is inconsistent with the Rothschild–Stiglitz model.

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Health Economics

ISBN: 9781137029966

1st Edition

Authors: Jay Bhattacharya, Timothy Hyde, Peter Tu

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Question Posted: Dec 17, 2023 04:05 AM

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Indicate whether the statement is true, false, or unclear, and justify your answer. Cawley and Philipson (1999)

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