to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts …

Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

This paper examines whether myopia (misperception of the long-term care (LTC) risk) and private insurance market … loading costs can justify social LTC insurance and/or the subsidization of private insurance. We use a two-period model …-best allocation requires that LTC insurance premiums of the myopic agents are subsidized (at a "Pigouvian" rate) and/or that there is …

Genetic insurance can deal with the negative effects of genetic testing on insurance coverage and income distribution … to be likely for consumers with compulsory insurance only, while the second type of inefficiency is more likely for those … who have supplemented the compulsory insurance with substantial voluntary insurance. This second type of inefficiency is …

fraction of the fat tax proceeds is "earmarked" to reduce health insurance premiums while the remaining fraction finances a …

nature. Competitive equilibrium cannot provide such transfers if insurance firms are unable to precommit their customers. On … the other hand, public insurance plans that do not distinguish between "risk-class" realizations are also inefficient. It …

We consider lifetime health insurance contracts in which ageing provisions are used to smooth the premium profile. The … stock of capital accumulated for each individual can be split into two parts: a premium insurance and an annuitised life … insurance, where the latter would be transferable between insurers without triggering premium changes through risk segmentation …

We study the demand for actuarially fair Long Term Care (LTC hereafter) insurance in a setting where autonomous agents … themselves, while no agent wishes to buy complete insurance. We then show that the comparison of marginal utility of income (as … opposed to consumption) across health states depends on (i) whether agents do buy LTC insurance at equilibrium or not, (ii …