Across a wide set of non-group insurance markets, applicants are rejected based on observable, often high …, disability, and life insurance. Consistent with the predictions of the theory, in all three settings I find significant amounts … be rejected relative to those who can purchase insurance; and I show it is enough private information to explain a …

measure of underinsurance will underestimate the number with low levels of insurance coverage due to moral hazard. We propose … small- versus large-firm workers with full-year, employer-sponsored insurance. Using data from the 2005 Medical Expenditure …

This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no … 1970-1998, a period in which many states adopted compulsory insurance regulations and/or no-fault laws. Using an … instrumental variables approach, we find evidence that automobile insurance has moral hazard costs, leading to an increase in …

State guaranty funds are quasi-governmental agencies that provide insurance to policyholders against the risk of … insurance company failure. But insurance provided by guaranty funds, like all insurance, creates moral hazard problems … insurance companies to borrow money (i.e., from policyholders). Moreover, the existence of guaranty fund insurance enables …

insurance; if not, no coverage should be provided and the program should not be implemented. This paper examines the unanswered … question of how cost effectiveness analysis should be performed and interpreted when insurance coverage can involve non …

Greater patient cost-sharing could help reduce the fiscal pressures associated with insurance expansion by reducing the …

efficiency. We distinguish countries with and without universal insurance, because insurance undermines patients' price … sensitivity, potentially leading to prices above second-best efficient levels. In countries with universal insurance, if each … comprehensive insurance avoid its distorting effects on prices but also lack financial protection and affordability for the poor …