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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

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

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

Psychological Incentives, Financial Incentives, and Risk Attitudes in Tournaments : An Artefactual Field Experiment

Cadsby, Charles Bram - 2015

comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational … effect on average performance for students, but not for that of workers. Adding financial incentives based on rank provided …

Persistent link: https://www.econbiz.de/10013009501

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

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

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

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

Complex Tax Incentives : An Experimental Investigation

Abeler, Johannes - 2013

simple; in the other treatment it is highly complex. The payoff-maximizing effort level and the incentives around this … to ignore larger changes in incentives. Our results suggest that the effect of a newly introduced tax will be attenuated …

Persistent link: https://www.econbiz.de/10013082139

Authority and Incentives in Organizations

Kräkel, Matthias - 2013

divisions to replace high incentive pay to the division heads by incentives based on private benefits of control. In that …

Persistent link: https://www.econbiz.de/10013084675

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