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-term health insurance constitutes an alternative to community-rated short-term contracts with an individual mandate. In this paper …, we study the German long-term health insurance (GLTHI) from a life-cycle perspective. The GLTHI is one of the few real …-world long-term health insurance markets. We first present and discuss insurer regulation, premium setting, and the main market …
Persistent link: https://www.econbiz.de/10012672165
-collected historical data on the number of livestock at the local level with microdata on eating habits, health outcomes, and food … individuals have a higher probability of being obese, having poor self-perceived health, and developing cancer. The effects are … consumption, and adult health. …
Persistent link: https://www.econbiz.de/10014441326
We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumerś problem. This involves moral hazard because diagnosis effort and...
Persistent link: https://www.econbiz.de/10010429934
People deny health risks, invest too little in disease prevention, and are highly sensitive to the price of … preventative health care, especially in developing countries. Moreover, private sector R and D spending on developing … which an agent's decision to engage in health risk denial balances the psychological benefits of reduced anxiety with the …
Persistent link: https://www.econbiz.de/10011698210
In many countries organized as federations, fiscal-equalization schemes have been implemented to mitigate vertical or horizontal imbalances. Such schemes usually imply that the member states of the federation can only partly internalize marginal tax revenue before redistribution. Aside from this...
Persistent link: https://www.econbiz.de/10010517182
We investigate the misappropriation of R&D subsidies and evaluate its consequences for policy effectiveness. Using Chinese firm-level data for 2001-2011, we identify that 42% of grantees misused R&D subsidies, accounting for 53% of total R&D subsidies. Misappropriation leads to a substantial...
Persistent link: https://www.econbiz.de/10013175474
Cross-sectional asset pricing tests with GMM can generate spuriouslyhigh explanatory power for factor models when the moment conditions are specifiedsuch that they allow the estimated factor means to substantially deviate from theobserved sample averages. In fact, by shifting the weights on the...
Persistent link: https://www.econbiz.de/10012322408
, selection on observables, and difference-in-differences. We also present an application to a policy intervention extending …
Persistent link: https://www.econbiz.de/10011626689
In evaluating the effectiveness of R&D subsidies, the literature has focused on potential crowding out effects, while the possibility of misappropriation of public funds that results from moral hazard behavior has been completely neglected. This study develops a theoretical framework with which...
Persistent link: https://www.econbiz.de/10012661468
The availability of quantity information along with expenditure information in some household surveys allows the estimation of price reactions on the basis of unit values. We compare two specifications that have been proposed in this context by Deaton (1990) and Crawford et al. (1997) in order...
Persistent link: https://www.econbiz.de/10011427724