EconStor >
University of Minnesota >
Department of Economics - Center for Economic Research, University of Minnesota >
Minnesota Working Papers, Department of Economics - Center for Economic Research, University of Minnesota >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/23491
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorNyman, John A.en_US
dc.date.accessioned2009-01-29T16:08:53Z-
dc.date.available2009-01-29T16:08:53Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/23491-
dc.description.abstractConventional theory holds that moral hazard -- the additional health care purchased as a result of becoming insured -- is an opportunistic price response and is welfare-decreasing because the value of the additional health care purchased is less than its costs. The theory of the demand for health insurance presented here suggests that moral hazard is primarily an income transfer effect. In an estimation based on parameters from the literature, the value of moral hazard consumption is found to be 3 times greater than its costs, suggesting that income transfer effects dominate price effects and that moral hazard is welfare-increasing.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesMinnesota working papers / University of Minnesota, Center for Economic Research, Department of Economics 311en_US
dc.subject.ddc330en_US
dc.subject.keywordhealth insuranceen_US
dc.subject.keywordmoral hazarden_US
dc.subject.keywordincome transfer effecten_US
dc.subject.stwKrankenversicherungen_US
dc.subject.stwKonsumtheorieen_US
dc.subject.stwVersicherungsökonomiken_US
dc.subject.stwGesundheitsökonomiken_US
dc.subject.stwTheorieen_US
dc.subject.stwUSAen_US
dc.titleThe Theory of the Demand for Health Insuranceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn372041507en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Minnesota Working Papers, Department of Economics - Center for Economic Research, University of Minnesota

Files in This Item:
File Description SizeFormat
nyman.pdf202.06 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.