Is Zero a Special Price? Evidence from Child Health Care

A-Tier
Journal: American Economic Journal: Applied Economics
Year: 2022
Volume: 14
Issue: 4
Pages: 381-410

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Do consumers react differently to zero prices? We test the presence of a zero-price effect in child health care and find that a zero price is special as it boosts demand discontinuously. A zero price affects resource allocations by encouraging healthier children to use more services and exacerbates behavioral hazard by increasing inappropriate use of antibiotics. A co-payment, of as small as US$2 per visit, alleviates these problems without substantially increasing financial risk. However, a zero price may be used to boost demand for highly cost-effective treatments. Zero and non-zero prices should be strategically chosen to achieve specific goals.

Technical Details

RePEc Handle
repec:aea:aejapp:v:14:y:2022:i:4:p:381-410
Journal Field
General
Author Count
2
Added to Database
2026-01-25