This paper analyzes the choice of deductible in insurance contracts that insure against a risk that, as is common … risk-bearing costs, the optimal contract is one that uses an aggregate deductible that applies to the aggregate losses … disadvantages that aggregate deductibles have. Aggregate deductibles are shown to produce higher expected verification costs and …

Cost-sharing is regarded as an important tool to reduce moral hazard in health insurance. Contrary to standard … implications of different insurance designs. I find cost-sharing never to be an optimal solution as it produces two novel …

, individuals are free to increase their deductible and thereby reduce their insurance premium. In order to distinguish between … deductibles of 1,500 CHF and 2,500 CHF (1CHF = 1$) per calendar year. While there is a minimum deductible level in Switzerland … change in 2005 that introduced the higher deductible for the first time. The results show that selection leads to …

-side price mechanisms in health insurance design work similarly for low-income and higher-income individuals. We also find that …

of literature by examining the association between higher insurance deductibles in the Swiss health system and preventive … aspect as a dependant variable. Our results show that, except for alcohol consumption, higher insurance deductibles were …