Although measures of sensitivity to inequality are important in judging the welfare effects of health-care programmes …, it is far from straightforward how to elicit them and apply them in health-care decision making. This paper provides an … overview of the literature on the measurement of inequality aversion, examines some of the features specific of the health …

We estimate and decompose family income-related inequality in child health in the US and analyze its dynamics using the … income-related health mobility index recently introduced by Allanson et al., 2010. Data come from the 1997, 2002, and 2007 … income-related child health inequality remains stable from early childhood into adolescence. The main factor underlying …

Wellen des Survey of Health, Aging, and Retirement in Europe (SHARE) und erstellen einen Gebrechlichkeitsindex für ältere …

In the simple Allingham-Sandmo portfolio model of tax evasion an expected utility maximizer will cheat more than what … payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about …

almost half of our subjects. Among those, roughly 24%are rational expected utility maximizers, 24% make occasional mistakes …

High correlations between risks can increase required insurer capital and/orreduce the availability of insurance. For … such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of … to facilitateand/or be facilitated by insurance contracts. We consider how insuredlosses might be decomposed into …

We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates "standard …" risk aversion (diminishing marginal utility for wealth) and probability distortions. We find that probability distortions …

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 …

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 … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …

In this study we experimentally investigate whether solidarity, which is a crucial base for informal insurance … have important implications for policies that interact with existing informal insurance arrangements. …