Narrow search
Showing 1 - 10 of 4,029
Cover Image
Insurance in a market for credence goods
Sülzle, Kai; Wambach, Achim - 2002
We study the impact of insurance on the amount of fraud in a physician-patient relationship. In a market for credence goods, where prices are regulated by an authority, physicians act as experts. Due to their informational advantage, physicians have an incentive to cheat by inducing...
Persistent link: https://www.econbiz.de/10011409200
Cover Image
Genetic testing when there is a mix of compulsory and voluntary health insurance
Hoel, Michael; Iversen, Tor - 2001
Genetic insurance can deal with the negative effects of genetic testing on insurance coverage and income distribution when the insurer has access to information about test status. Hence, efficient testing is promoted. When information about prevention and test status is private, two types of...
Persistent link: https://www.econbiz.de/10011398910
Cover Image
Genetic testing and repulsion from chance
Hoel, Michael; Iversen, Tor; Nilssen, Tore; Vislie, Jon - 2004
A central theme in the international debate on genetic testing concerns the extent to which insurance companies should be allowed to use genetic information in their design of insurance contracts. We analyze this issue within a model with the following important feature: A person s well-being...
Persistent link: https://www.econbiz.de/10011402443
Cover Image
Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020
Credence goods markets – like for health care or repair services – with their informational asymmetries between sellers and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model that considers both diagnostic uncertainty of...
Persistent link: https://www.econbiz.de/10012312079
Cover Image
Market transparency, adverse selection, and moral hazard
Klein, Tobias J.; Lambertz, Christian; Stahl, Konrad - 2013
We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior to the...
Persistent link: https://www.econbiz.de/10010227243
Cover Image
Information design in insurance markets : selling peaches in a market for lemons
García, Daniel; Teper, Roee; Tsur, Matan - 2018
This paper characterizes the optimal information structure in competitive insurance markets with adverse selection. A regulator assigns ratings to individuals according to their risk characteristics, insurers offer fixed insurance contracts to each rating group, and the market clears as in...
Persistent link: https://www.econbiz.de/10011789043
Cover Image
Supplementary private health insurance in selected countries : lessons for EU governments?
Gechert, Sebastian - 2009
A famous idea to maintain affordable health expenditures is to cut back statutory health insurance (SHI) to a basic insurance and to introduce supplementary private health insurance (PHI), permitted to cover the remaining benefits and to apply managed care mechanisms. The measure is supposed to...
Persistent link: https://www.econbiz.de/10003872288
Cover Image
Adaptive social learning
March, Christoph - 2016
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
Persistent link: https://www.econbiz.de/10011434567
Cover Image
Altruistic observational learning
March, Christoph; Ziegelmeyer, Anthony - 2016
We report two information cascade game experiments that directly test the impact of altruism on observational learning … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning. …
Persistent link: https://www.econbiz.de/10011436128
Cover Image
Excessive herding in the laboratory : the role of intuitive judgments
March, Christoph; Ziegelmeyer, Anthony - 2018
We designed four observational learning experiments to identify the key channels that, along with Bayes … observational learning accounts for the phenomenon of excessive herding, it captures well herd behavior with medium quality signals …
Persistent link: https://www.econbiz.de/10011789104