Tag Archives: free markets

Why the Free Market Isn’t a Cure-all for Healthcare

It’s comforting to think that most healthcare problems in the U.S. could be solved by letting the power of an unregulated free market do its work. It’s also wishful thinking and overly simplistic, according to Peter Ubel, MD, a general … Continue reading

Posted in Health Policy | Tagged , , ,

Will Consumers Be Able to Understand Health Exchanges

Now that states have decided what they are going to do about health insurance exchanges—those new shopping carts created by Obamacare to help consumers find health insurance who do not get it through their employers—the really tough part begins.  State … Continue reading

Posted in Health Policy | Tagged , , ,

Brain Control and Consumer Behavior

I teach a course on consumer irrationality and market failure at the Fuqua School of Business. I open up one of my lectures with a brief video demonstration of what psychologists call “the McGurk effect.” (See an example here.) In the video, … Continue reading

Posted in Behavioral Economics and Public Policy | Tagged , ,

Should Little Caesars Be Forced to Tell Consumers How Many Calories Are in a Large Pizza?

As a fan of free markets, I recognize that sometimes intelligent government regulations (not always an oxymoron!) can improve markets by requiring companies to provide consumers with information that will help them make better choices. Informed consumers, after all, are … Continue reading

Posted in Behavioral Economics and Public Policy, Health Policy | Tagged ,