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Monitoring and privacy in automobile insurance markets with moral hazard
Filipova, Lilia - 2007
may choose the precision of monitoring. Also privacy costs incurred thereby are taken into account. Two alternative … data. With any contract scheme some monitoring will be optimal unless the privacy costs increase too fast in relation to … the precision of the monitoring signal. In the benchmark situation (without privacy costs) relying completely on both …
Persistent link: https://www.econbiz.de/10010266128
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A Model of the IMF as a Coinsurance Arrangement
Shim, Ilhyock; Sharma, Sunil; Chami, Ralph - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-14, pp. 1-41
The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial system. The operation of the coinsurance arrangement is examined under different loan contracts. It shows that, if the IMF?s objective is to safeguard its resources and be...
Persistent link: https://www.econbiz.de/10010295311
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On the role of patience in an insurance market with asymmetric information
Sonnenholzner, Michael; Wambach, Achim - 2006
We analyse a 2-period competitive insurance market which is characterized by the simultaneous presence of standard moral hazard and adverse selection with regard to consumer time preferences. It is shown that there exists an equilibrium in which patient consumers use high effort and buy a...
Persistent link: https://www.econbiz.de/10010298353
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Better Safe than Sorry? Ex Ante and Ex Post Moral Hazard in Dynamic Insurance Data
Abbring, Jaap; Chiappori, Pierre-André; Zavadil, Tibor - 2008
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex … ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to …
Persistent link: https://www.econbiz.de/10010325921
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Public and private insurance with costly transactions
Bertola, Giuseppe; Koeniger, Winfried - 2010
-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private …-country relationship between available indicators of insurance transaction costs and variation in public and private insurance. …
Persistent link: https://www.econbiz.de/10010274703
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Counterparty Risk in Insurance Contracts: Should the Insured Worry about the Insurer?
Thompson, James R. - 2007
We analyze the effect of counterparty risk on insurance contracts using the case of credit risk transfer in banking. In addition to the familiar moral hazard problem caused by the insuree's ability to influence the probability of a claim, this paper uncovers a new moral hazard problem on the...
Persistent link: https://www.econbiz.de/10011940750
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(M)oral hazard?
Grönqvist, Erik - 2006
Would you go to the dentist more often if it were free? Observational data is here used to analyze the impact of full-coverage insurance on dental care utilization using different identification strategies. The challenge of assessing the bite of moral hazard without an experimental study design...
Persistent link: https://www.econbiz.de/10010281377
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Health values, preference inconsistency, and insurance demand
Wrede, Matthias - 2005
Several empirical studies provide evidence that their actual health state affects people's attitudes towards health and medical care in hypothetical health states. In the tradition of behavioural economics this paper considers the actual health state as a point of reference and builds a model...
Persistent link: https://www.econbiz.de/10010261396
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A Dynamic Analysis of the Demand for Health Insurance and Health Care
Bolhaar, Jonneke; Lindeboom, Maarten; van der Klaauw, Bas - 2008
We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate...
Persistent link: https://www.econbiz.de/10010325874
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Testing for adverse selection into private medical insurance
Olivella, Pau; Vera-Hernandez, Marcos - 2006
We develop a test for adverse selection and use it to examine private health insurance markets. In contrast to earlier papers that consider a purely private system or a system in which private insurance supplements a public system, we focus our attention on a system where privately funded health...
Persistent link: https://www.econbiz.de/10010292988