demand for medical care. It considers the insurance demand of different types of agents: naive individuals, individuals who … state as a point of reference and builds a model for studying the implications of this phenomenon on health insurance and on … are able to commit to medical care demand and sophisticated individuals. Furthermore, it raises the question of whether …

others. Relatively more risk-averse people buy insurance against aggregate risk, and relatively less risk-averse people sell … insurance. These trades reduce the welfare cost of business cycles for everyone. Indeed, the least risk-averse people benefit … small welfare losses. In other words, when there are complete insurance markets, aggregate uctuations in consumption are …

We consider physicians with fixed capacity levels. If a physician's capacity exceeds demand, she may have an incentive … to overtreat, i.e., she may provide unnecessary treatments to use up idle capacity. By contrast, with excess demand she …

This paper analyses possible options how to improve the risk adjustment of the health insurance system in the Czech … is currently used. The study also describes and examines the Czech health insurance market and implications of proposed …

correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

We evaluate the demand for long term care (LTC) insurance prospects in a stated preference context, by means of the … techniques have not been used yet for studying the demand for LTC services. In this paper these methods are first of all used in … order to assess the relative importance of the characteristics which define some hypothetical insurance programmes and to …

This paper deals with the phenomenon of risk-selection and its appearance in the german compulsory health insurance …

We consider environmental risks that are evaluated too much heavy for a single insurance company, but they can be …

One of the main features of health insurance is moral hazard, as defined by Pauly (1968); people face incentives for … problem, a coinsurance can be included in the insurance contract. We analyze under what conditions there is a conflict between … individuals on what coinsurance rate should be set with public health insurance, and we establish conditions for a median …

less than its costs. The theory of the demand for health insurance presented here suggests that moral hazard is primarily …Conventional theory holds that moral hazard - the additional health care purchased as a result of becoming insured - is …