Asheim, Geir B.; Emblem, Anne Wenche; Nilssen, Tore - Økonomisk institutt, Universitetet i Oslo - 2003
We study a health-insurance market where individuals are o.ered coverage against both medical expenditures and losses in income. Individuals vary in their level of innate ability. If there is private information about the probability of illness and an individual’s innate ability is su.ciently...