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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19098| Title: | Health values, preference inconsistency, and insurance demand |
| Keywords: | D91 I11 D82 G22 ddc:330 health insurance medical care health state behavioural economics prospect theory time inconsistency Gesundheit Konsumentenverhalten Gesundheitsversorgung Krankenversicherung Nachfrage Prospect Theory Moral Hazard Präferenztheorie Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Several empirical studies provide evidence that their actual health state affects people?s attitudes towards health and medical care in hypothetical health states. In the tradition of behavioural economics this paper considers the actual health state as a point of reference and builds a model for studying the implications of this phenomenon on health insurance and on demand for medical care. It considers the insurance demand of different types of agents: naive individuals, individuals who are able to commit to medical care demand and sophisticated individuals. Furthermore, it raises the question of whether inconsistency of preferences reinforces or tones down moral hazard problems. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19098 |
| Other Identifiers: | http://hdl.handle.net/10419/19098 ppn:510008631 |
| Appears in Collections: | EconStor |
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