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Moral hazard in health insurance: Do dynamic incentives matter?
Health insurance moral hazard dynamic incentives
2015/7/17
We investigate whether individualsí health care utilization responds to the dynamic
incentives created by the non-linear budget sets of typical health insurance contracts. Our primary
empirical stra...
Optimal insurance demand under marked point processes shocks: a dynamic programming duality approach
Optimal insurance stochastic control duality optional decomposition
2010/10/21
We study the stochastic control problem of maximizing expected utility from terminal wealth under a non-bankruptcy constraint. The wealth process is subject to shocks produced by a general marked poin...