We use a large data set of deductible choices in auto insurance contracts to estimate the distribution of risk … the deductible choice. We find that individuals in our sample have on average an estimated absolute risk aversion which is … results for counterfactual exercises that assess the profitability of insurance contracts under various assumptions …

to firms with conventional health insurance plans. In the first firm's CDHP, pharmaceuticals were subject to the … deductible, while in the second firm pharmaceuticals were exempt. Employees in the first firm shifted the timing of drug …

Traditional models of insurance choice are predicated on fully informed and rational consumers protecting themselves … from exposure to financial risk. In practice, choosing an insurance plan from a set of complex non-linear contracts is a …

mechanisms? This paper shows that under perfect insurance, marginal utility should grow at the same rate for all consumers, and … correlated with it under perfect insurance, including illness, being fired from a job, etc …

insurance plan that provided free health care to a non-linear, high deductible plan. The switch caused a spending reduction … the optimal design and regulation of health insurance markets. We study consumer responsiveness to medical care prices … high-deductible coverage. Consumers reduce quantities across the spectrum of health care services, including potentially …

In this study we examine the impact of a value-based insurance design (V-BID) program implemented between 2010 and 2013 … insurance claims data, we estimate the change in low value healthcare service utilization among beneficiaries before and after …