We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a … deductible. Our approach exploits two sources of variation in a differences-in-regression-discontinuities design: deductible … deductible by €100 leads to a reduction in healthcare spending of around 3% on the first days of the year and 6% at the annual …

contracts to crowd out implicit insurance, even though the latter yields higher welfare.Integrating the principal-agent and …

with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then … standard functional formrestrictions ensure that individual objective functions are optimized by an effort and insurance … combination that is unique and satisfies first- and second-order conditions. Modeling insurance incompleteness in terms of costly …