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Replication data for: How Initial Conditions Can Have Permanent Effects: The Case of the Affordable Care Act

Version
V0
Resource Type
Dataset
Creator
  • Scheuer, Florian
  • Smetters, Kent
Publication Date
2018-11-01
Description
  • Abstract

    We document that states that experienced website glitches in the ACA's first year faced higher average costs that persisted into future years. These dynamics are inconsistent with the standard strategic-pricing model, which requires non-localized common knowledge about market conditions, but are consistent with price-taking. Initial conditions can have a permanent effect—including convergence to a Pareto-dominated, stable equilibrium—under conditions that we show are plausible in this setting. Changing the fine from a fixed amount to a fraction of equilibrium prices increases the likelihood of reaching a Pareto-efficient equilibrium without increasing the equilibrium fine collected.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20140204 (Text)
Publications
  • Scheuer, Florian, and Kent Smetters. “How Initial Conditions Can Have Permanent Effects: The Case of the Affordable Care Act.” American Economic Journal: Economic Policy 10, no. 4 (November 2018): 302–43. https://doi.org/10.1257/pol.20140204.
    • ID: 10.1257/pol.20140204 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Scheuer, Florian; Smetters, Kent (2018): Replication data for: How Initial Conditions Can Have Permanent Effects: The Case of the Affordable Care Act. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114612