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Multiple losses, ex-ante moral hazard, and the non-optimality of the standard insurance contract

Breuer, Michael (contributor) - 2003 - [Elektronische Ressource]

Under certain conditions the optimal insurance policy will offer full coverage above a deductible, as Arrow and others … rarely ever optimal to combine two losses in one insurance contract prescribing only a single deductible for both losses if … have shown long time ago. Interestingly, the same design of insurance policies applies in case of a single loss and ex …

Persistent link: https://www.econbiz.de/10001744785

Consumer bankruptcy, mortgage default and labour supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...

Persistent link: https://www.econbiz.de/10013167646

The stand-alone test and decreasing serial cost sharing

Hougaard, Jens Leth; Thorlund-Petersen, Lars - 1999 - 1. ed.

Persistent link: https://www.econbiz.de/10001481888

Co-payments for prescription drugs and the demand for doctor visits : evidence from a natural experiment

Winkelmann, Rainer (contributor) - 2003 - [Elektronische Ressource]

The German health care reform of 1997 provides a natural experiment for evaluating the price sensitivity of demand for physicians' services. As a part of the reform, co-payments for prescription drugs were increased step up to 200%. However, certain groups of people were exempted from the...

Persistent link: https://www.econbiz.de/10001806923

Mixed serial cost sharing

Hougaard, Jens Leth; Thorlund-Petersen, Lars - 1999 - 1. ed.

Persistent link: https://www.econbiz.de/10001455638

The impact of cost-sharing on hospital expenditure in China : a regression discontinuity approach

Lu, Bei; Mi, Hong; Feng, Guanggang; Piggott, John; … - 2020

Persistent link: https://www.econbiz.de/10012585622

Shared mandates, moral hazard, and political (mis)alignment in a decentralized economy

Estache, Antonio; Garsous, Grégoire; Motta, Ronaldo … - 2015

This paper investigates the effects of political (mis)alignment on public service delivery when mandates are shared between state and local governments. We analyze sewage treatment policies in the state of São Paulo, Brazil. Relying on difference-in-differences estimations, we establish a...

Persistent link: https://www.econbiz.de/10011292985

Generosity versus duration trade-off and the optimization ability of the unemployed

Khoury, Laura - 2019

Persistent link: https://www.econbiz.de/10012001840

Countering moral hazard in higher education : the role of performance incentives in need-based grants

Montalbán, José - 2019

Persistent link: https://www.econbiz.de/10012024215

Dynamic, incentive-compatible contracting for health services

Levaggi, Rosella; Moretto, Michele; Pertile, Paolo - 2023

This paper aims to characterise a dynamic, incentive-compatible contract for the provision of health services, allowing for both moral hazard and adverse selection. Patients' severity changes over time following a stochastic process and is private information of the provider. We characterise the...

Persistent link: https://www.econbiz.de/10014342117