, individuals are free to increase their deductible and thereby reduce their insurance premium. In order to distinguish between … deductibles of 1,500 CHF and 2,500 CHF (1CHF = 1$) per calendar year. While there is a minimum deductible level in Switzerland … change in 2005 that introduced the higher deductible for the first time. The results show that selection leads to …

) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow … optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …

optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … form of an insurance contract to impose partial insurance of the low risks. This paper contributes to the discussion on … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance …

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 …

This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …

other, but not to a larger degree than dictated by the social norm. We compare such informal family insurance with … actuarially fair formal insurance. We show that coerced family altruism reduces individual efforts in equilibrium. However … show that if family members are sufficiently altruistic to each other, then informal family insurance by way of coerced …

The paper studies insurance with moral hazard in a system of contingent-claims markets. Insurance buyers are modelled … corresponding to effort incentives induced by insurance buyers? net trades. When there are many agents to share the insurance buyer …?s risk, Cournot equilibrium outcomes are close to being second-best. In contrast, if insurance buyers are price takers …

Individual moral hazard engendered by health insurance and monopolistic production are both typical phenomena of drug … insurance against the risk of drug expenses. In contrast, the social welfare criterion suggests that individuals should purchase … more insurance coverage than they choose to do in the market equilibrium. …

We analyse a 2-period competitive insurance market which is characterized by the simultaneous presence of standard … which patient consumers use high effort and buy a profit-making insurance contract with high coverage, whereas impatient …

In this paper, we ask under what conditions norms can enhance welfare by mitigating moral hazard in income insurance … social norms and internalized norms. We study how optimal insurance arrangements, the behavior of insured individuals, and …