the effects of medical insurance and competition in the guise of free choice of physician, including observability of … whether he was perhaps overtreated. We find that with insurance, moral hazard looms on both sides of the market: patients … found to partially offset the adverse effects of insurance: most patients seek treatment, but overtreatment is moderated. …

stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … overtreated. We find that with insurance, moral hazard looms on both sides of the market: patients consult more often and … adverse effects of insurance: most patients seek treatment, but overtreatment is moderated. …

purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most … lines of insurance base indemnity on the insured's actual expenses, i. e., the insured would be partially or completely … reimbursed when purchased certain goods. In this setting we discuss the interaction between insurance and repair markets by …