Resource title

Health values, preference inconsistency, and insurance demand

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image for OpenScout resource :: Health values, preference inconsistency, and insurance demand

Resource 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.

Resource author

Matthias Wrede

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19098

Resource license

Adapt according to the presented license agreement and reference the original author.