Results 1 to 10 of about 82,448 (48)
Optimal Insurance: Dual Utility, Random Losses and Adverse Selection
Social Science Research Network, 2023 We study a generalization of the classical monopoly insurance problem under adverse selection (see Stiglitz 1977) where we allow for a random distribution of losses, possibly correlated with the agent’s risk parameter that is private information.
Alex Gershkov +3 more
semanticscholar +1 more source
Old age risks, consumption, and insurance
The American Economic Review, 2023 In the United States, after age 65, households face income and health risks, and a large fraction of these risks are transitory. While consumption significantly responds to transitory income shocks, out-of-pocket medical expenses do not.
R. Blundell +3 more
semanticscholar +1 more source
Disadvantaging Rivals: Vertical Integration in the Pharmaceutical Market
Social Science Research Network, 2023 The pharmaceutical market has experienced a wave of vertical integration between pharmacy benefit managers (PBMs) and insurers in recent years. Using a unique dataset on insurer-PBM contracts, we document increasing vertical integration in Medicare Part ...
C. Gray, Abby E. Alpert, N. Sood
semanticscholar +1 more source
Time versus State in Insurance: Experimental Evidence from Contract Farming in Kenya
The American Economic Review, 2018 The gains from insurance arise from the transfer of income across states. Yet, by requiring that the premium be paid up front, standard insurance products also transfer income across time.
L. Casaburi, Jack Willis
semanticscholar +1 more source
, 2021 Most individual life insurance policies lapse before expiration. Insurers sell front-loaded policies, make money on lapsers, and lose money on non-lapsers.
D. Gottlieb, Kent A. Smetters
semanticscholar +1 more source
Estimating the Moral Hazard Cost of Private Disability Insurance and its Welfare Consequences
Social Science Research Network, 2023 Although one-third of workers in the USA and Germany contract supplementary private disability insurance (DI), most studies on the design of public DI systems abstract from private DI.
Sebastian Seitz
semanticscholar +1 more source
Social Science Research NetworkThis paper studies government and private advertising in market-based public programs. In a model of advertising, we first examine when government advertising increases welfare.
Naoki Aizawa, You Suk Kim
semanticscholar +1 more source
Subsidy Policies and Insurance Demand
The American Economic Review, 2020 Using data from a two-year pricing experiment, we study the impact of subsidy policies on weather insurance take-up. Results show that subsidies increase future insurance take-up through their influence on payout experiences.
Jing Cai, A. Janvry, E. Sadoulet
semanticscholar +1 more source
A Dose of Managed Care: Controlling Drug Spending in Medicaid
American Economic Journal: Applied Economics, 2021 We study the effect of privatizing Medicaid drug benefits on drug prices and utilization. Drug spending would decrease by 21.3 percent if private insurers administered all drug benefits. One-third of the decrease is driven by private insurers’ ability to
D. Dranove +2 more
semanticscholar +1 more source
Estimating Risk Preferences in the Field
Journal of Economic Literature, 2018 We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in which risk preferences are the focal object and estimating their structure is the core enterprise.
Levon Barseghyan +3 more
semanticscholar +1 more source