uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the … that considers both diagnostic uncertainty of sellers and the effects of insurance coverage of consumers in a unified … framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals? demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

state as a point of reference and builds a model for studying the implications of this phenomenon on health insurance and on … demand for medical care. It considers the insurance demand of different types of agents: naive individuals, individuals who …

trial that randomized premiums and subsidies for India's first national, public hospital insurance program, RSBY. We find … roughly 60% uptake even when consumers were charged premiums equal to the government's cost for insurance. We also find … substantial adverse selection into insurance at positive prices. Insurance enrollment increases insurance utilization, partly due …

We conduct a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect … equilibrium for long-term care insurance using the framework developped by Einav et al. (2010). We investigate in turn causes for … the low observed take-up of long-term care insurance in Canada despite substantial residual out-of-pocket financial risk …