This paper analyzes the savings and health care impacts of mortality contingent claims, defined here as income measures … understanding of the effects that mortality contingent claims have on resources devoted to life-extension. We analyze the incentives … that such claims imply for life-extension when resources may affect mortality endogenously and argue that these incentives …

substantial "offset" effects in terms of increased hospital utilization in response to the combination of higher copayments for … physicians and prescription drugs. These offset effects are concentrated in patients for whom medical care is presumably … underlying health status, with chronically ill patients facing lower cost-sharing. We also conclude that the externalities to …

hospital-insurer bargaining over premiums and reimbursements, household demand for insurance, and individual demand for … with the remaining insurers. We also document substantial heterogeneity in hospital price adjustments upon the removal of …

model of smoking and medical care use that highlights two forms of selection: selective mortality and non-random cessation … value of the discounted sum of total expenditures is lower for smokers, mainly because of excess mortality. We find no …

uncertainty leads hospitals to hold excess standby capacity to avoid turning away patients. In this paper we reformulate the … hospital beds. Utilized capacity in the hospital industry, as measured by the inpatient hospital bed occupancy rate, has … which will penalize hospitals with low occupancy rates. We estimate a short run cost function for a hospital facing …

patients and, surprisingly, a greater than socially optimal amount of quality to less severely ill patients. Further, the … inefficient distribution of quality occurs because prospective payment regulation fixes the price across patients with different …