Comment on Hoerger: Early Pilots of Medicare Auctions Bring No Solace to Auction Experts
Peter Cramton () and
Katzman Brett E.
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Katzman Brett E.: Kennesaw State University
The Economists' Voice, 2011, vol. 8, issue 2, 1-4
Peter Cramton and Brett Katzman stick to their guns: Medicare auctions remain fatally flawed and must be fixed. They argue that contrary to Hoerger's comment, no comfort can be drawn from the fact that the market was able to withstand price reductions in early pilots.
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