The Choice of Acquiring Medical Information on Life Insurance Markets
AbstractConsider individuals facing uncertain lifetime (and hence uncertain future incomes). Each individual must go through (dentical) medical checkups. The choice of medical expert that interprets the results, and hence provides more information about the random lifetime, must be done prior to the checkup. We show that in the absence of life insurance market a better medical expert is preferable by all individuals.
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Bibliographic InfoPaper provided by Tel Aviv in its series Papers with number 28-99.
Length: 21 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Web page: http://econ.tau.ac.il/research/foerder.asp
More information through EDIRC
HEALTH ; INSURANCE ; FINANCIAL MARKET;
Find related papers by JEL classification:
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- I10 - Health, Education, and Welfare - - Health - - - General
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