-dimensional utility function (wealth and health status). We prove that the introduction of chronic diseases influences the equilibrium of …This paper investigates the impact of chronic diseases on insurance contracts with adverse selection. We use a bi … insurance market. We characterize conditions such that first best contracts can be optimal with asymmetric information. …

decisions on primary prevention and savings when individuals face a health risk involving expenses that can not be covered by … any insurance (private or public). To manage health risks, individuals have two possibilities: invest in primary … covered by insurance. We show that the impact of wealth and interest rates on prevention and savings decisions strongly …

This paper estimates the causal effect of perceived job insecurity – i.e. the fear of involuntary job loss – on health … potential endogeneity of job insecurity is not accounted for, the latter appears to deteriorate almost all health outcomes. When … tackling the endogeneity issue by estimating an IV model and dealing with potential weak-instrument issues, the health …

rate. Interior e cient alloca- tions and equilibria coincide with those of economies with subjective expected utility and …

the level of ambiguity exceeds a critical threshold, full insurance no longer prevails and there exist equilibria with … coincide with those of economies with subjective expected utility and priors from the agentsʼ multiple prior sets. A specific … of ambiguity, there exists an equilibrium with inertia where agents also insure fully against Knightian uncertainty. When …

Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin … consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects. …

tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …