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The Response to Dynamic Incentives in Insurance Contracts with a Deductible : Evidence from a Differences-in-Regression-Discontinuities Design
Klein, Tobias J. - 2020
We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a … large Dutch health insurer we find that individuals are forward-looking. Changing dynamic incentives by increasing the … annual level. The response to dynamic incentives is an important part of the overall effect of cost-sharing schemes on …
Persistent link: https://www.econbiz.de/10012837905
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Physician Payment Contracts in the Presence of Moral Hazard and Adverse Selection : The Theory and its Application to Ontario
Kantarevic, Jasmin - 2015
We develop a stylized principal-agent model with moral hazard and adverse selection to provide a unified framework for understanding some of the most salient features of the recent physician payment reform in Ontario and its impact on physician behavior. These features include: (1) physicians...
Persistent link: https://www.econbiz.de/10013016351
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Bonus Culture : Competitive Pay, Screening, and Multitasking
Bénabou, Roland - 2013
talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … distorts incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10013083378
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The Role of Sickness in the Evaluation of Job Search Assistance and Sanctions
van den Berg, Gerard J. - 2016
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10013001341
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Universities as Stakeholders in Their Students' Careers : On the Benefits of Graduate Taxes to Finance Higher Education
McKenzie, Tom; Sliwka, Dirk - 2010
endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax …
Persistent link: https://www.econbiz.de/10013135633
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas - 2014
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10013061956
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Equality of Opportunity, Moral Hazard and the Timing of Luck
Lefranc, Arnaud - 2017
Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and effort is rewarded (reward principle). We propose a new version of the reward principle based on the idea that effort deserves reward for it is costly....
Persistent link: https://www.econbiz.de/10012959664
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Hidden Insurance in a Moral Hazard Economy
Bertola, Giuseppe - 2013
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10013071425
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Optimal Incentive Contracts Under Moral Hazard When the Agent is Free to Leave
Englmaier, Florian - 2010
We characterize optimal incentive contracts in a moral hazard framework extended in two directions. First, after effort provision, the agent is free to leave and pursue some ex-post outside option. Second, the value of this outside option is increasing in effort, and hence endogenous. Optimal...
Persistent link: https://www.econbiz.de/10013141421
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Patient Versus Provider Incentives in Long-Term Care
Hackmann, Martin B.; Pohl, Vincent; Ziebarth, Nicolas R. - 2023
How do patient and provider incentives affect the provision of long-term care? Our analysis of 551 thousand nursing … admit more profitable out-of-pocket private payers. Third, providers react more elastically to financial incentives than … patients. Thus, targeting provider incentives through alternative payment models, such as episode-based reimbursement, is more …
Persistent link: https://www.econbiz.de/10014356350