Comparison friction: experimental evidence from medicare drug plans.

  title={Comparison friction: experimental evidence from medicare drug plans.},
  author={Jeffrey R. Kling and Sendhil Mullainathan and Eldar Shafir and Lee C. Vermeulen and Marian V. Wrobel},
  journal={The quarterly journal of economics},
  volume={127 1},
Consumers need information to compare alternatives for markets to function efficiently. Recognizing this, public policies often pair competition with easy access to comparative information. The implicit assumption is that comparison friction—the wedge between the availability of comparative information and consumers' use of it—is inconsequential because when information is readily available, consumers will access this information and make effective choices. We examine the extent of comparison… CONTINUE READING
Highly Influential
This paper has highly influenced 10 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS
Highly Cited
This paper has 126 citations. REVIEW CITATIONS
Related Discussions
This paper has been referenced on Twitter 41 times. VIEW TWEETS

From This Paper

Figures, tables, and topics from this paper.

Explore Further: Topics Discussed in This Paper


Publications citing this paper.
Showing 1-10 of 86 extracted citations

Borrowing on the wrong credit card : Evidence from Mexico

Alejandro Pérez Ponce, Guillermo Zamarripa
View 4 Excerpts
Highly Influenced

126 Citations

Citations per Year
Semantic Scholar estimates that this publication has 126 citations based on the available data.

See our FAQ for additional information.


Publications referenced by this paper.
Showing 1-10 of 32 references

Formulary and Benefit Design as a Risk Steering Mechanism,

Goldman, P Dana, Geoffrey F. Joyce, andWilliam B. Vogt, D “Part
American Economic Review: Papers and Proceedings, • 2011

Thaler , “ How Much Is Investor Autonomy Worth ?

Shlomo Bernartzi, H. Richard
American Economic Review • 2011

Choice set size and decision making: the case of Medicare Part D prescription drug plans.

Medical decision making : an international journal of the Society for Medical Decision Making • 2010

Information, School Choice, and AcademicAchievement: Evidence from TwoExperiments,

Hastings, S Justine, Jeffrey M. Weinstein
Quarterly Journal of Economics, • 2008

Measuring Welfare and the Effects of Regulation in a Government-CreatedMarket: The Case of Medicare Part D Plans,

Lucarelli, Claudio, Jeffrey Prince, Kosali Simon
NBER Working Paper No • 2008

The Effect of the Medicare Part D Prescription Benefit on Drug Utilization and Expenditures,

Yin, Wesley, +4 authors G. Caleb Alexander
Annals of Internal Medicine, • 2008
View 1 Excerpt

Similar Papers

Loading similar papers…