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Social Insurance of Short Spell Sickness

Flåm, Sjur Didrik - In: Nordic Journal of Political Economy 30 (2004), pp. 79-90

This paper looks at social insurance of short term absence from work. The chief concern is with efficiency properties of full coverage. That arrangement is reviewed and criticized here in light of received theory. A main point is that positive loading of the premium implies less than full...

Persistent link: https://www.econbiz.de/10005435874

Deductible or co-insurance: Which is the better insurance contract under adverse selection?

Breuer, Michael - 2004

optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance … expected utility while deterring high risks from joining the contract that is designed for low risks. The deductible contract …

Persistent link: https://www.econbiz.de/10010315526

Determinants of consumer financial risktaking:Evidence from deductible choice

Gorter, Janko; Schilp, Paul - de Nederlandsche Bank - 2010

This paper examines the predictive power of weather for electricity prices in day ahead markets in real time. We find that next-day weather forecasts improve the forecast accuracy of Scandinavian day-ahead electricity prices substantially in terms of point forecasts, suggesting that weather...

Persistent link: https://www.econbiz.de/10008475765

Bounded rationality and socially optimal limits on choice in a self-selection model

Sheshinski, Eytan - 2003

Persistent link: https://www.econbiz.de/10001739597

Bounded rationality and socially optimal limits on choice in a self-selection model

Sheshinski, Eytan - 2003

When individuals choose from whatever alternatives available to them the one that maximizes their utility then it is always desirable that the government provide them with as many alternatives as possible. Individuals, however, do not always choose what is best for them and their mistakes may be...

Persistent link: https://www.econbiz.de/10011505924

Bounded Rationality and Socially Optimal Limits on Choice in a Self-Selection Model

Sheshinski, Eytan - 2021

Persistent link: https://www.econbiz.de/10013320069

A Review of Recent Theoretical and Empirical Analyses of Asymmetric Information in Road Safety and Automobile Insurance

Dionne, Georges - 2012

Road safety policies and automobile insurance contracts often use incentive mechanisms based on traffic violations and accidents to promote safe driving. Can these mechanisms improve road safety efficiently? Do they reduce asymmetric information between drivers and insurers and regulators? In...

Persistent link: https://www.econbiz.de/10013111921

Default and Punishment in General Equilibrium

Dubey, Pradeep K.; Geanakoplos, John; Shubik, Martin - 2004

We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The equilibrating variables include expected delivery rates, along with the usual prices of assets and commodities. By reinterpreting the variables, our...

Persistent link: https://www.econbiz.de/10014070241

Customers and Investors : A Framework for Understanding Financial Institutions

Merton, Robert C. - 2016

Financial institutions have both investors and customers. Investors, such as those who invest in stocks and bonds or private/public-sector guarantors of institutions, expect an appropriate risk-adjusted return in exchange for the financing and risk-bearing that they provide. Customers of a...

Persistent link: https://www.econbiz.de/10013004624

Signalling and Default : Rothschild-Stiglitz Reconsidered

Dubey, Pradeep K.; Geanakoplos, John - 2003

In our previous paper we built a general equilibrium model of default and punishment in which equilibrium always exists and endogenously determines asset promises, penalties, and sales constraints. In this paper we interpret the endogenous sales constraints as equilibrium signals. By...

Persistent link: https://www.econbiz.de/10014128748