Many low-income countries are implementing non-profit medical insurance to increase access to health services, especially among low-income households, and to raise additional revenue for financing public health services. This paper estimates the effect of insurance on out-of-pocket health...

Despite the absence of a formal definition of the relationship between the marginal and the global effects of risk, in the literature termed the economics of uncertainty, intuition would suggest it unjustifiable to presume that these two concepts are categorically independent. This paper...