Rate Regulation of Worker's Compensation Insurance How Price Controls Increaee Cost

by Danson, Patricia M.; Harrington, Scott E.

• ISBN13: 9780844739335
• ISBN10: 0844739332
• Format: Paperback
• Copyright: 1998-01-01
• Publisher: Aei Press

Summary

The authors demonstrate how regulation intended to control costs can exacerbate cost growth by subsidizing high-risk activities and firms at the expense of low-risk activities and firms.

Table of Contents

Foreword
Introduction	p. 1
An Overview of Rate Regulation and Residual Markets	p. 12
The Theory of Regulation-Induced Cost Growth	p. 28
Analysis of Insured Cost Growth with State Aggregate Data	p. 42
Analysis of Cost Growth with Class Data	p. 82
Cross-Subsidy Effects of Rate Regulation	p. 108
Policy Implications	p. 141
References	p. 155
Index	p. 163
About the Authors	p. 169
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