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dc.contributor.authorNyman, John A.en_US
dc.date.accessioned2009-01-29T16:08:57Z-
dc.date.available2009-01-29T16:08:57Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/23497-
dc.description.abstractThis paper presents theory that an important source of value is missing from conventional theory of the demand for health insurance, namely, the effect of the transfer of income (from those who purchase insurance and remain healthy to those who purchase insurance and become ill) on purchases of medical care. Because the portion of moral hazard that is attributable to income is welfare increasing and would replace some of moral hazard that is spuriously deemed to be welfare decreasing, the new theory suggests that the value of health insurance has been dramatically undervalued. Implications for policy are outlined.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesMinnesota working papers / University of Minnesota, Center for Economic Research, Department of Economics 319en_US
dc.subject.ddc330en_US
dc.subject.stwKrankenversicherungen_US
dc.subject.stwNachfrageen_US
dc.subject.stwMoral Hazarden_US
dc.subject.stwGesundheitswesenen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleHealth Insurance Theory: The Case of the Vanishing Welfare Gainen_US
dc.typeWorking Paperen_US
dc.identifier.ppn377727148en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Minnesota Working Papers, Department of Economics - Center for Economic Research, University of Minnesota

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