In economies where resources are uncertain, risk sharing mechanisms enable to reallocate goods for consumption in a more efficient way than resources are. Nevertheless, efficiency requires complete markets. Since the seminal paper of Townsend (1994) who rejected the hypothesis of complete...

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Topics: - Industry Regulation and Consequences - Industrial organization of the drug industry (and of other parts of the health sector) - Health System Reform, with a special emphasis on European health systems - Economics and Value of Health