We characterize how public insurance schemes are constrained by hidden financial transactions. When non …-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private … of insurance on unobservable effort and saving choices as well as the relative cost of public and private insurance …

This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy … trusting plays an important role. Trust is clearly associated with greater willingness to pay for insurance. Unlike in previous … of breach is negligible. However, as for much B2C insurance marketing, face-to-face selling plays a crucial role in our …

causal estimates of the effects of decreased generosity of disability insurance (DI) on behavior of existing DI recipients …

We investigate the effect of firms' participation in an insurance scheme on the long-term sickness absence of their … two weeks of sickness. The insurance scheme is provided by government authority and is designed to help small firms with … that the minimum cost of the present insurance scheme is similar to about 1100 man-years. On top of that comes a …

with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then … standard functional form restrictions ensure that individual objective functions are optimized by an effort and insurance … combination that is unique and satisfies first- and second-order conditions. Modeling insurance incompleteness in terms of costly …

We analyze whether the availability of formal insurance products affects informal solidarity transfers in two … minimizes strategic concerns. The introduction of an insurance treatment alters solidarity in both experiments. We find crowding …-out effects in the first setting with strategic motives, while there are even crowding-in effects due to insurance availability in …