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data set from Pakistan to understand the influence of pregnancy on adverse selection and overall profitability of a micro … health insurance product that is similar in design to others micro insurance products. Our results indicate that pregnancy … selection related to pregnancy claims, indicating significant take up by those who know they are pregnant prior to enrollment …
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Moral hazard--the tendency to change behavior when the cost of that behavior will be borne by others--is a particularly tricky question when considering health care. Kenneth J. Arrow's seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of...
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