The Choice of Acquiring Medical Information on Life Insurance Markets
Consider 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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|Date of creation:||1999|
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Web page: http://econ.tau.ac.il/research/foerder.asp
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