Results 11 to 20 of about 82,448 (48)

Discrete Choice under Risk with Limited Consideration [PDF]

open access: yesThe American Economic Review, 2019
This paper is concerned with learning decision-makers’ preferences using data on observed choices from a finite set of risky alternatives. We propose a discrete choice model with unobserved heterogeneity in consideration sets and in standard risk ...
Levon Barseghyan   +2 more
semanticscholar   +1 more source

Drilling Like There’s No Tomorrow: Bankruptcy, Insurance, and Environmental Risk

open access: yesThe American Economic Review, 2019
This paper measures the effects of bankruptcy protection on industry structure and environmental outcomes in oil and gas extraction. Using administrative data from Texas, I exploit variation in an insurance requirement that reduced firms’ ability to ...
J. Boomhower
semanticscholar   +1 more source

Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives and Margins

open access: yesSocial Science Research Network, 2016
We analyze optimal hedging contracts and show that, although they are designed for risk–sharing, they can breed risk–taking. Bad news about the hedged risk increases the expected liability of the protection seller, undermining her own risk prevention ...
B. Biais, Florian Heider, Marie Hoerova
semanticscholar   +1 more source

The Socioeconomic Distribution of Choice Quality: Evidence from Health Insurance in the Netherlands

open access: yesAmerican Economic Review: Insights
We study how choice quality relates to socioeconomic factors, using population-wide data on health insurance choices and utilization in the Netherlands.
Benjamin Handel   +3 more
semanticscholar   +1 more source

Hospital Network Competition and Adverse Selection: Evidence from the Massachusetts Health Insurance Exchange

open access: yesThe American Economic Review, 2016
Health insurers increasingly compete on their networks of medical providers. Using data from Massachusetts’s insurance exchange, I find substantial adverse selection against plans covering the most prestigious and expensive “star” hospitals.
Mark Shepard
semanticscholar   +1 more source

Long-Term Care Insurance: Information Frictions and Selection

open access: yesAmerican Economic Journal: Economic Policy, 2020
This paper conducts a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect against financial risks associated with long-term care needs.
M. Boyer   +4 more
semanticscholar   +1 more source

Networks and Mis-allocation: Insurance, Migration, and the Rural-Urban Wage Gap

open access: yes, 2015
We provide an explanation for the large spatial wage disparities and low male migration in India based on the trade-off between consumption smoothing, provided by caste-based rural insurance networks, and the income gains from migration.
Kaivan Munshi, Mark R. Rosenzweig
semanticscholar   +1 more source

The Role of Information in Disability Insurance Application: An Analysis of the Social Security Statement Phase-In

open access: yesAmerican Economic Journal: Economic Policy, 2018
This paper exploits a natural experiment in information provision on US Disability Insurance (DI) applications: the Social Security statement. Although the effect of the statement on DI application was negligible in the general health and retirement ...
Philip Armour
semanticscholar   +1 more source

The Nature of Risk Preferences: Evidence from Insurance Choices∗

open access: yes, 2010
Levon Barseghyan   +3 more
semanticscholar   +1 more source
Some of the next articles are maybe not open access.

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Family Labor Supply Responses to Severe Health Shocks: Evidence from Danish Administrative Records

American Economic Journal: Applied Economics, 2021
We provide new evidence on households’ labor supply responses to fatal and severe nonfatal health shocks in the short run and medium run. To identify causal effects, we leverage administrative data on Danish families and construct counterfactuals using ...
Itzik Fadlon, T. Nielsen
semanticscholar   +1 more source

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