The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in … measurement errors and apply the model to a data set on 19 firms in housing insurance markets in Switzerland. We show that the … public insurance providers are about 20 per cent more cost efficient than their private counterparts. …

Moral hazard and adverse selection create inefficiencies in private health insurance markets. The authors use claims … attempted to estimate moral hazard in private health insurance by assuming that individuals respond only to the spot price, end …, economic intuition suggests that the nonlinear budget constraints generated by health insurance plans make these assumptions …

In this paper we construct life-cycle profiles of U.S. health care spending using data from the Medical Expenditure … Panel Survey (MEPS). We separate pure age effects on health expenditure from time effects (i.e. productivity effects … trend. Time and cohort effects introduce a significant estimation bias into predictions of health expenditures per age group …

's technological efficiency to help them update their belief about another product's technological efficiency within the same product …

health spending simultaneously controlling for time effects (i.e. institutional changes and business cycles effects) and … estimation bias into predictions of health expenditures per age group, especially for individuals older than 60 years. The …

account rather than focusing on the behavior of health professionals …