Showing 61 - 70 of 83
This paper constructs an equilibrium model of entrepreneurial innovation where individuals differ in their attitude toward uncertainty. Unlike previous models of innovation, the firm-formation process is endogenous. An entrepreneur, who owns residual profits, utilizes an uncertain technology and...
Persistent link: https://www.econbiz.de/10005556737
Canada’s restrictions on the role of private health insurance for publicly insured physician and hospital services are unique among countries with universal, publicly funded health care systems. Pressure is mounting in Canada, however, to loosen these restrictions and create a parallel system...
Persistent link: https://www.econbiz.de/10005700865
The private health insurance sector is one of the most regulated sectors in Australia. The Private Health Insurance Incentives Scheme, along with community rating, is intended to make private insurance equitable, profitable and popular. We argue that the subsidy to health insurance ought to be a...
Persistent link: https://www.econbiz.de/10005218844
In this study we extend the literature (e.g. Deaton, 2002a; Kennedy and Kawachi, 1996; Wilkinson, 1996) by proposing a new mechanism through which income inequality can influence health. We argue that increased income inequality induces household crowding, which in turn leads to increased rates of...
Persistent link: https://www.econbiz.de/10005230610
A well-known result in the medical insurance literature is that zero co-insurance is never second-best for insurance contracts subject to moral hazard. We replace the usual expected utility assumption with a version of the rank-dependent utility (RDU) model that has greater experimental support....
Persistent link: https://www.econbiz.de/10005155378
Persistent link: https://www.econbiz.de/10005286243
This paper challenges the argument that expanding private health insurance coverage in Australia will reduce the demand for public hospitals. We construct a simple model to illustrate that although a premium subsidy might expand insurance coverage, it may not reduce the demand for public health...
Persistent link: https://www.econbiz.de/10005267588
Abstract This paper contributes to the literature on information transmission in Sender-Receiver games. We compare cheap-talk games to games with verifiable messages (persuasion games). We consider equilibria in which the Sender's private information (type) is fully revealed to the Receiver. We...
Persistent link: https://www.econbiz.de/10009249190
Many developing countries experience famine. If survival is related to height, the increasingly common practice of using height as a measure of well-being may be misleading. We devise a novel method for disentangling the stunting from the selection effects of famine. Using data from the...
Persistent link: https://www.econbiz.de/10009352204
Many developing countries experience famine. If survival is related to height, the increasingly common practice of using height as a measure of well-being may be misleading. We devise a novel method for disentangling the stunting from the selection effects of famine. Using data from the...
Persistent link: https://www.econbiz.de/10008752085