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. Author manuscript; available in PMC: 2016 Nov 1.
Published in final edited form as: Int J Ind Organ. 2015 Nov 1;43:122–135. doi: 10.1016/j.ijindorg.2015.08.001

Table 4.

Counterfactual Simulation Results: Spending

Counterfactual Using Model Agent + Insurer Qij Mean Insurer INSij Mean
Offered
$350 Deductible 1,956.20 1,291.80
$500 Deductible 1,956.00 1,174.10
$750 Deductible 1,955.70 991.30
$1,000 Deductible 1,955.30 821.90
Hypothetical
50% Frac to $2,000 Deduct 1,954.50 1,105.90
0% Frac (Full Insurance) 1,958.70 1,958.70
20% Frac 1,956.10 1,564.90
40% Frac 1,953.30 1,172.00
50% Frac 1,951.80 975.90
60% Frac 1,950.20 780.10
80% Frac 1,946.90 389.40
100% Frac (No Insurance) 1,943.10 0.00

Values in dollars.