Although the FPLs we study are similar, there are several generalizable differences. The first is how the laws cap prices. Capping prices at (100-115 percent) the amount paid by public insurers, as opposed to private insurers (or cost), is significant not only because reimbursement from public payers is typically lower,1 but also because it is explicitly based upon a patient’s diagnosis rather ...

We show that an equilibrium always exists in the Rothschild-Stiglitz insurance market model with adverse selection when insurers can o¤er either nonparticipating or participating policies, i.e. insurance contracts which may involve policy dividends or supplementary calls for premium. The equilibrium allocation coincides with the Miyazaki-Spence-Wilson equilibrium allocation, which may involve c...

Abstract The study assesses the determinants of financial stability Czech commercial insurance companies within period 2004-2019. eight macroeconomic are analysed for both insurers, i.e., with predominated life and non-life insurance. generalized method moments is used empirical analysis. results show four variables were statistically significant in case insurers three influenced insurers. conc...

The interdependent nature of security on the Internet causes a negative externality that results in under-investment in technologybased defences. Previous research suggests that, in such an environment, cyber-insurance may serve as an important tool not only to manage risks but also to improve the incentives for investment in security. This paper investigates how competitive cyber-insurers affe...

In most commercial enterprises, information is scattered across a large number of (legacy) data stores. Moreover, it is nearly impossible to obtain funding to replace these data stores with a single integrated database, given tight budgets, time-to-market pressures and past failures of various kinds of large-scale efforts. In this paper, we advocate an approach which hinges on (1) a high-level ...

Akerlof’s (1970) classical paper demonstrated that adverse selection can eliminate markets. These findings by Akerlof gave rise to a proliferation of theoretical models on insurance with adverse selection. However, there exists no empirical test for the model of Akerlof in the context of insurance. In fact, it is not possible to observe a market a la Akerlof in a real context, since that market...

In 2016, the case House v. Burwell will be decided in the United States district court of the District of Columbia. In this case, the House of Representatives claims that the cost-sharing reductions (CSRs) the Obama administration paid to low-income enrollees (those with incomes below 250 percent of the federal poverty level [FPL]) in Marketplace coverage were inappropriate because Congress had...