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 …

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 …

The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community …

ideas. The "Sacred Canopy" paradigm views it necessary for social stability to grant monopoly power to an official state …. Judaism in Israel illustrates the outcome in a monopoly experiencing potential competition, possibly leading to an oligopoly …

outcomes. The natural explanation is that Dutch dentists extract a monopoly rent, which we attribute to the limited supply of …

This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and … heavy burden of monopoly and regulation. We find little evidence that the introduction of social protection programs for …

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 …

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