Similar Search Results

Reinsurance for Catastrophes and Cataclysms

Cutler, David M. - 2010

This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for … threaten the solvency of re- insurance such as a major earthquake, while others derive from common risks-changes in conditions …. Premium risk emerges as an important part of risk, which reinsurance and primary insurance markets do not adequately diversify.quot …

Persistent link: https://www.econbiz.de/10012763666

Dynamic Supplier Contracts under Asymmetric Inventory Information

Zhang, Hao; Nagarajan, Mahesh; Sosic, Greys - 2010

In this paper, we examine a supply chain in which a single supplier sells to a downstream newsvendor-type retailer. We make two assumptions that enrich this simple and well-understood model. First, we consider a multi-period model, in which the sequence of events is as follows. In a period, t,...

Persistent link: https://www.econbiz.de/10014047671

An Ss Model with Adverse Selection

Leahy, John Vincent; House, Christopher L. - 2004

We present a model of the market for used cars in which agents face a fixed cost of adjustment, the magnitude of which depend on the degree of adverse selection in the secondary market. We find that, unlike typical models, the sS bands in our model contract as the variance of the shock process...

Persistent link: https://www.econbiz.de/10014140835

Selection in Health Insurance Markets and its Policy Remedies

Geruso, Michael - 2017

In this essay, we review the theory and evidence concerning selection in competitive health insurance markets and … contracts approach, takes insurance contract provisions as given and views selection as influencing only insurance prices in …-up of insurance; 3) risk adjustment; and 4) contract regulation. We discuss these policies with reference to two markets …

Persistent link: https://www.econbiz.de/10012946493

Optimal Financing for R&D-Intensive Firms

Thakor, Richard T. - 2017

market financing outcome. This optimal intermediary-assisted mechanism consists of bilateral “insurance” contracts, with … investors offering firms insurance against R&D failure and firms offering investors insurance against very high R&D payoffs not …

Persistent link: https://www.econbiz.de/10012947632

Credit Market Freezes

Benmelech, Efraim - 2017

Credit market freezes in which debt issuance declines dramatically and market liquidity evaporates are typically observed during financial crises. In the financial crisis of 2008-09, the structured credit market froze, issuance of corporate bonds declined, and secondary credit markets became...

Persistent link: https://www.econbiz.de/10012954001

Progress and Perspectives in the Study of Political Selection

Dal Bó, Ernesto - 2018

We provide a model of self-selection by candidates in a probabilistic voting environment to shed light on the forces shaping the quality of politicians from both the supply and demand sides of politics. The model highlights that the patterns of selection and the comparative statics of politician...

Persistent link: https://www.econbiz.de/10012915222

Take-Up, Drop-Out, and Spending in ACA Marketplaces

Diamond, Rebecca - 2018

The Affordable Care Act (ACA) established health insurance marketplaces where consumers can buy individual coverage … the plan year. Enrollees who drop out re-time health spending to the months of insurance coverage. This drop-out behavior … suggest that campaigns to improve use of social insurance may be more efficient when they jointly target take-up and attrition …

Persistent link: https://www.econbiz.de/10012917600

Health Care and the Public Sector

Cutler, David M. - 2021

internalities justify government action. I then turn to markets for medical care and health insurance. Virtually all governments … provide health insurance for some part of the population. Governments face several fundamental choices in this provision. The … at the expense of quality. A second choice is in the degree of cost sharing. More generous insurance reduces the utility …

Persistent link: https://www.econbiz.de/10013218799

Did Blue Cross and Blue Shield Suffer from Adverse Selection? Evidence from the 1950s

Thomasson, Melissa A. - 2021

adverse selection death spiral after for-profit commercial insurance companies entered the market for health insurance … insurance market. Adverse selection posed a greater problem for the Blues in the market for individual health insurance …, possibly because of differences in the way the Blues screened potential enrollees relative to commercial insurance companies …

Persistent link: https://www.econbiz.de/10013218892