Public and Private Insurance with Costly Transactions
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Bertola, Giuseppe & Koeniger, Winfried, 2010. "Public and Private Insurance with Costly Transactions," CEPR Discussion Papers 8062, C.E.P.R. Discussion Papers.
References listed on IDEAS
- Brown, Jeffrey R. & Finkelstein, Amy, 2007.
"Why is the market for long-term care insurance so small?,"
Journal of Public Economics, Elsevier, vol. 91(10), pages 1967-1991, November.
- Jeffrey R. Brown & Amy Finkelstein, 2007. "Why Is the Market or Long-term Care Insurance So Small?," NBER Chapters, in: Public Policy and Retirement, Trans-Atlantic Public Economics Seminar (TAPES), pages 1967-1991, National Bureau of Economic Research, Inc.
- Árpád Ábrahám & Nicola Pavoni, 2005. "The Efficient Allocation of Consumption under Moral Hazard and Hidden Access to the Credit Market," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 370-381, 04/05.
- Mikhail Golosov & Aleh Tsyvinski, 2007.
"Optimal Taxation with Endogenous Insurance Markets,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(2), pages 487-534.
- Tsyvinski, A. & Golosov, M., 2004. "Optimal Taxation with Endogenous Insurance Markets," 2004 Meeting Papers 124, Society for Economic Dynamics.
- Mikhail Golosov & Aleh Tsyvinski, 2006. "Optimal Taxation with Endogenous Insurance Markets," Levine's Bibliography 784828000000000445, UCLA Department of Economics.
- Mikhail Golosov & Aleh Tsyvinski, 2005. "Optimal Taxation with Endogenous Insurance Markets," NBER Working Papers 11185, National Bureau of Economic Research, Inc.
- Bizer, David S & DeMarzo, Peter M, 1992. "Sequential Banking," Journal of Political Economy, University of Chicago Press, vol. 100(1), pages 41-61, February.
- Ales, Laurence & Maziero, Pricila, 2016.
"Non-exclusive dynamic contracts, competition, and the limits of insurance,"
Journal of Economic Theory, Elsevier, vol. 166(C), pages 362-395.
- Laurence Ales & Pricila Maziero, "undated". "Non-exclusive Dynamic Contracts, Competition, and the Limits of Insurance," GSIA Working Papers 2010-E59, Carnegie Mellon University, Tepper School of Business.
- Pricila Maziero, 2009. "Non-Exclusive Dynamic Contracts, Competition, and the Limits of Insurance," 2009 Meeting Papers 509, Society for Economic Dynamics.
- Bisin, Alberto & Gottardi, Piero, 1999.
"Competitive Equilibria with Asymmetric Information,"
Journal of Economic Theory, Elsevier, vol. 87(1), pages 1-48, July.
- Alberto Bisin & Piero Gottardi, 1998. "Competitive Equilibria with Asymmetric Information," Levine's Working Paper Archive 2062, David K. Levine.
- Krueger, Dirk & Perri, Fabrizio, 2011.
"Public versus private risk sharing,"
Journal of Economic Theory, Elsevier, vol. 146(3), pages 920-956, May.
- Dirk Krueger & Fabrizio Perri, 2009. "Public versus Private Risk Sharing," NBER Working Papers 15582, National Bureau of Economic Research, Inc.
- Perri, Fabrizio & Krueger, Dirk, 2010. "Public versus Private Risk Sharing," CEPR Discussion Papers 7625, C.E.P.R. Discussion Papers.
- Steven Shavell, 1979. "On Moral Hazard and Insurance," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(4), pages 541-562.
- Ábrahám, Árpád & Koehne, Sebastian & Pavoni, Nicola, 2011.
"On the first-order approach in principal-agent models with hidden borrowing and lending,"
Journal of Economic Theory, Elsevier, vol. 146(4), pages 1331-1361, July.
- Sebastian Koehne & Nicola Pavoni & Arpad Abraham, 2010. "On the First-Order Approach in Principal-Agent Models with Hidden Borrowing and Lending," 2010 Meeting Papers 947, Society for Economic Dynamics.
- Mark V. Pauly, 1974. "Overinsurance and Public Provision of Insurance: The Roles of Moral Hazard and Adverse Selection," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(1), pages 44-62.
- J. A. Mirrlees, 1971. "An Exploration in the Theory of Optimum Income Taxation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(2), pages 175-208.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Giuseppe Bertola & Winfried Koeniger, 2015.
"Hidden insurance in a moral-hazard economy,"
RAND Journal of Economics, RAND Corporation, vol. 46(4), pages 777-790, October.
- Bertola, Giuseppe & Koeniger, Winfried, 2013. "Hidden Insurance in a Moral Hazard Economy," IZA Discussion Papers 7806, Institute of Labor Economics (IZA).
- Bertola, Giuseppe & Koeniger, Winfried, 2014. "Hidden Insurance in a Moral Hazard Economy," CEPR Discussion Papers 9864, C.E.P.R. Discussion Papers.
- Bertola, Giuseppe & Koeniger, Winfried, 2013. "Hidden Insurance in a Moral Hazard Economy," Economics Working Paper Series 1337, University of St. Gallen, School of Economics and Political Science.
- Bertola, Giuseppe & Koeniger, Winfried, 2013. "Hidden insurance in a moral hazard economy," CFS Working Paper Series 2013/25, Center for Financial Studies (CFS).
- Carrai, Maria Adele, 2021. "Adaptive governance along Chinese-financed BRI railroad megaprojects in East Africa," World Development, Elsevier, vol. 141(C).
- Bertola, Giuseppe & Lo Prete, Anna, 2010. "Whence Policy? Government Policies, Finance, and Economic Integration," CEPR Discussion Papers 7820, C.E.P.R. Discussion Papers.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Giuseppe Bertola & Winfried Koeniger, 2015.
"Hidden insurance in a moral-hazard economy,"
RAND Journal of Economics, RAND Corporation, vol. 46(4), pages 777-790, October.
- Bertola, Giuseppe & Koeniger, Winfried, 2013. "Hidden Insurance in a Moral Hazard Economy," IZA Discussion Papers 7806, Institute of Labor Economics (IZA).
- Bertola, Giuseppe & Koeniger, Winfried, 2014. "Hidden Insurance in a Moral Hazard Economy," CEPR Discussion Papers 9864, C.E.P.R. Discussion Papers.
- Bertola, Giuseppe & Koeniger, Winfried, 2013. "Hidden Insurance in a Moral Hazard Economy," Economics Working Paper Series 1337, University of St. Gallen, School of Economics and Political Science.
- Bertola, Giuseppe & Koeniger, Winfried, 2013. "Hidden insurance in a moral hazard economy," CFS Working Paper Series 2013/25, Center for Financial Studies (CFS).
- Ales, Laurence & Maziero, Pricila, 2016.
"Non-exclusive dynamic contracts, competition, and the limits of insurance,"
Journal of Economic Theory, Elsevier, vol. 166(C), pages 362-395.
- Laurence Ales & Pricila Maziero, "undated". "Non-exclusive Dynamic Contracts, Competition, and the Limits of Insurance," GSIA Working Papers 2010-E59, Carnegie Mellon University, Tepper School of Business.
- Pricila Maziero, 2009. "Non-Exclusive Dynamic Contracts, Competition, and the Limits of Insurance," 2009 Meeting Papers 509, Society for Economic Dynamics.
- Attar, Andrea & Mariotti, Thomas & Salanié, François, 2014.
"Multiple Contracting in Insurance Markets,"
TSE Working Papers
14-532, Toulouse School of Economics (TSE), revised Sep 2016.
- Mariotti, Thomas & Attar, Andrea & Salanié, François, 2016. "Multiple Contracting in Insurance Markets," CEPR Discussion Papers 11631, C.E.P.R. Discussion Papers.
- Attar, Andrea & Mariotti, Thomas & Salanié, François, 2014. "Multiple Contracting in Insurance Markets," IDEI Working Papers 839, Institut d'Économie Industrielle (IDEI), Toulouse, revised Sep 2016.
- Bertola, Giuseppe & Koeniger, Winfried, 2014. "On the validity of the first-order approach with moral hazard and hidden assets," Economics Letters, Elsevier, vol. 124(3), pages 402-405.
- Andrea Attar & Thomas Mariotti & François Salanié, 2020.
"The Social Costs of Side Trading,"
The Economic Journal, Royal Economic Society, vol. 130(630), pages 1608-1622.
- Mariotti, Thomas & Attar, Andrea & Salanié, François, 2019. "The Social Costs of Side Trading," CEPR Discussion Papers 13872, C.E.P.R. Discussion Papers.
- Andrea Attar & Thomas Mariotti & François Salanié, 2020. "The Social Costs of Side Trading," Working Papers hal-02538295, HAL.
- Andrea Attar & Thomas Mariotti & François Salanié, 2019. "The Social Costs of Side Trading," CEIS Research Paper 463, Tor Vergata University, CEIS, revised 10 Jul 2019.
- Attar, Andrea & Mariotti, Thomas & Salanié, François, 2019. "The Social Costs of Side Trading," TSE Working Papers 19-1017, Toulouse School of Economics (TSE), revised Oct 2019.
- Andrea Attar & Thomas Mariotti & François Salanié, 2019. "The Social Costs of Side Trading," EconPol Working Paper 34, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Andrea Attar & Thomas Mariotti & François Salanié, 2020. "The Social Costs of Side Trading," Post-Print hal-03048803, HAL.
- Stefanie Stantcheva, 2020.
"Dynamic Taxation,"
Annual Review of Economics, Annual Reviews, vol. 12(1), pages 801-831, August.
- Stantcheva, Stefanie, 2020. "Dynamic Taxation," CEPR Discussion Papers 14347, C.E.P.R. Discussion Papers.
- Stefanie Stantcheva, 2020. "Dynamic Taxation," NBER Working Papers 26704, National Bureau of Economic Research, Inc.
- Vladimir Asriyan & Victoria Vanasco, 2019.
"Security Design in Non-Exclusive Markets with Asymmetric Information,"
Working Papers
1164, Barcelona School of Economics.
- Vanasco, Victoria & Asriyan, Vladimir, 2020. "Security design in non-exclusive markets with asymmetric information," CEPR Discussion Papers 14306, C.E.P.R. Discussion Papers.
- Vladimir Asriyan & Victoria Vanasco, 2019. "Security design in non-exclusive markets with asymmetric information," Economics Working Papers 1712, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2021.
- Sebastian Koehne & Nicola Pavoni & Arpad Abraham, 2011.
"Optimal Income Taxation with Asset Accumulation,"
2011 Meeting Papers
1161, Society for Economic Dynamics.
- Abraham, Arpad; Koehne, Sebastian; Pavoni, Nicola, 2014. "Optimal Income Taxation with Asset Accumulation," Economics Working Papers ECO2014/14, European University Institute.
- Köhne, Sebastian & Abraham, Arpad & Pavoni, Nicola, 2014. "Optimal Income Taxation with Asset Accumulation," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100406, Verein für Socialpolitik / German Economic Association.
- Árpád Ábrahám & Sebastian Koehne & Nicola Pavoni, 2014. "Optimal Income Taxation with Asset Accumulation," CESifo Working Paper Series 5138, CESifo.
- Abraham, Arpad & Koehne, Sebastian & Pavoni, Nicola, 2012. "Optimal income taxation with asset accumulation," MPRA Paper 38629, University Library of Munich, Germany.
- Raj Chetty & Emmanuel Saez, 2010.
"Optimal Taxation and Social Insurance with Endogenous Private Insurance,"
NBER Chapters, in: Income Taxation, Trans-Atlantic Public Economics Seminar (TAPES), pages 85-114,
National Bureau of Economic Research, Inc.
- Raj Chetty & Emmanuel Saez, 2010. "Optimal Taxation and Social Insurance with Endogenous Private Insurance," American Economic Journal: Economic Policy, American Economic Association, vol. 2(2), pages 85-114, May.
- Raj Chetty & Emmanuel Saez, 2008. "Optimal Taxation and Social Insurance with Endogenous Private Insurance," NBER Working Papers 14403, National Bureau of Economic Research, Inc.
- Saez, Emmanuel & Chetty, Nadarajan, 2010. "Optimal Taxation and Social Insurance with Endogenous Private Insurance," Scholarly Articles 9696326, Harvard University Department of Economics.
- Yongsung Chang & Yena Park, 2021.
"Optimal Taxation with Private Insurance [Uninsured Idiosyncratic Risk and Aggregate Saving],"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(6), pages 2766-2798.
- Yongsung Chang & Yena Park, 2017. "Optimal Taxation with Private Insurance," RCER Working Papers 599, University of Rochester - Center for Economic Research (RCER).
- Yongsung Chang & Yena Park, 2017. "Optimal Taxation with Private Insurance," Working papers 2017rwp-105, Yonsei University, Yonsei Economics Research Institute.
- Yongsung Chang & Yena Park, 2017. "Optimal Taxation with Private Insurance," 2017 Meeting Papers 1321, Society for Economic Dynamics.
- Yena Park & Yongsung Chang, 2018. "Optimal Taxation with Private Insurance," Working Paper Series no117, Institute of Economic Research, Seoul National University.
- Attar, Andrea & Mariotti, Thomas & Salanié, François, 2021.
"Competitive Nonlinear Pricing under Adverse Selection,"
TSE Working Papers
21-1201, Toulouse School of Economics (TSE), revised Aug 2022.
- Andrea Attar & Thomas Mariotti & François Salanié, 2022. "Competitive nonlinear pricing under adverse selection," Working Papers hal-03629592, HAL.
- Andrea Attar & Thomas Mariotti & François Salanié, 2011.
"Nonexclusive Competition in the Market for Lemons,"
Econometrica, Econometric Society, vol. 79(6), pages 1869-1918, November.
- Attar, Andrea & Mariotti, Thomas & Salanié, François, 2009. "Non-Exclusive Competition in the Market for Lemons," TSE Working Papers 09-055, Toulouse School of Economics (TSE).
- Attar, Andrea & Mariotti, Thomas & Salanié, François, 2009. "Non-Exclusive Competition in the Market for Lemons," IDEI Working Papers 558, Institut d'Économie Industrielle (IDEI), Toulouse.
- Andrea Attar & Thomas Mariotti & Francois Salanie, 2009. "Non-Exclusive Competition in the Market for Lemons," LERNA Working Papers 09.13.289, LERNA, University of Toulouse.
- Andrea Attar & Thomas Mariotti & François Salanié, 2010. "Non-Exclusive Competition in the Market for Lemons," CEIS Research Paper 159, Tor Vergata University, CEIS, revised 28 May 2010.
- Paweł Doligalski & Abdoulaye Ndiaye & Nicolas Werquin, 2023.
"Redistribution with Performance Pay,"
Journal of Political Economy Macroeconomics, University of Chicago Press, vol. 1(2), pages 371-402.
- Doligalski, Pawel & Werquin, Nicolas & Ndiaye, Abdoulaye, 2020. "Redistribution with Performance Pay," TSE Working Papers 20-1092, Toulouse School of Economics (TSE).
- Pawel Doligalski & Abdoulaye Ndiaye & Nicolas Werquin, 2020. "Redistribution with Performance Pay," CESifo Working Paper Series 8267, CESifo.
- Doligalski, Pawel & Ndiaye, Abdoulaye & Werquin, Nicolas, 2022. "Redistribution with Performance Pay," CEPR Discussion Papers 14648, C.E.P.R. Discussion Papers.
- Pawel Doligalski & Abdoulaye Ndiaye & Nicolas Werquin, 2020. "Redistribution with Performance Pay," Bristol Economics Discussion Papers 20/721, School of Economics, University of Bristol, UK.
- Doligalski, Pawel & Ndiaye, Abdoulaye & Werquin, Nicolas, 2020. "Redistribution with Performance Pay," MPRA Paper 102652, University Library of Munich, Germany.
- Tobias Broer & Marek Kapicka & Paul Klein, 2017.
"Consumption Risk Sharing with Private Information and Limited Enforcement,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 23, pages 170-190, January.
- Tobias Broer & Marek Kapièka & Paul Klein, 2015. "Consumption Risk Sharing with Private Information and Limited Enforcement," CERGE-EI Working Papers wp531, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Tobias Broer & Marek Kapicka & Paul Klein, 2017. "Consumption risk sharing with private information and limited enforcement," Post-Print hal-04490026, HAL.
- Alma Cohen & Peter Siegelman, 2010.
"Testing for Adverse Selection in Insurance Markets,"
Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(1), pages 39-84, March.
- Alma Cohen & Peter Siegelman, 2009. "Testing for Adverse Selection in Insurance Markets," NBER Working Papers 15586, National Bureau of Economic Research, Inc.
- Mikhail Golosov & Maxim Troshkin & Aleh Tsyvinski, 2011.
"Optimal Taxation: Merging Micro and Macro Approaches,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 147-174, August.
- Mikhail Golosov & Maxim Troshkin & Aleh Tsyvinski, 2011. "Optimal Taxation: Merging Micro and Macro Approaches," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s1), pages 147-174, August.
- Hellwig, Martin F., 2005.
"Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach,"
Journal of Economic Theory, Elsevier, vol. 120(1), pages 1-38, January.
- Martin Hellwig, 2004. "Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2004_8, Max Planck Institute for Research on Collective Goods.
- Tobias Broer & Marek Kapicka & Paul Klein, 2017.
"Consumption Risk Sharing with Private Information and Limited Enforcement,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 23, pages 170-190, January.
- Tobias Broer & Marek Kapicka & Paul Klein, 2016. "Online Appendix to" Consumption Risk Sharing with Private Information and Limited Enforcement"," Post-Print hal-04490145, HAL.
- Tobias Broer & Marek Kapicka & Paul Klein, 2016. "Online Appendix to "Consumption Risk Sharing with Private Information and Limited Enforcement"," Online Appendices 16-83, Review of Economic Dynamics.
- Doligalski, Paweł & Rojas, Luis E., 2023.
"Optimal redistribution with a shadow economy,"
Theoretical Economics, Econometric Society, vol. 18(2), May.
- Doligalski, Pawel; Rojas, Luis E., 2016. "Optimal Redistribution with a Shadow Economy," Economics Working Papers ECO2016/11, European University Institute.
- Pawel Doligalski & Luis E. Rojas, 2018. "Optimal Redistribution with a Shadow Economy," Bristol Economics Discussion Papers 18/695, School of Economics, University of Bristol, UK.
- Markus Poschke & Baris Kaymak & Ozan Bakis, 2012.
"On the Optimality of Progressive Income Redistribution,"
2012 Meeting Papers
837, Society for Economic Dynamics.
- Ozan Bakis & Baris Kaymak, 2012. "On the Optimality of Progressive Income Redistribution," Cahiers de recherche 10-2012, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- OZAN, Bakis & KAYMAK, Baris, 2012. "On the Optimality of Progressive Income Redistribution," Cahiers de recherche 2012-09, Universite de Montreal, Departement de sciences economiques.
More about this item
Keywords
public transfers; private insurance; moral hazard; transaction costs;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CTA-2010-10-09 (Contract Theory and Applications)
- NEP-IAS-2010-10-09 (Insurance Economics)
- NEP-MAC-2010-10-09 (Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp5201. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.