contract depends on the average type attracted by the respective principal - can solve the equilibrium existence problem, even …

private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and … examine the role of uniform and nonuniform social insurance to supplement a general income tax when neither public nor private … (1971) equilibrium emerges in the private insurance market and low-wage/low-risk individuals are not fully insured. We show …

We study theoretically and empirically how consumers in an individual private longterm health insurance market with …

We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) a contract that exempts employers from the …

) sector. The second is that contract enforcement is easier in the formal sector than in the informal sector, precisely because …

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 …

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 …

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 … work, trust in our setting is not about obligations being fulfilled. The contract is complete, simple and the possibility …