nep-ias New Economics Papers
on Insurance Economics
Issue of 2018‒10‒08
thirteen papers chosen by
Soumitra K. Mallick
Indian Institute of Social Welfare and Business Management
  1. Forward-looking moral hazard in social insurance: evidence from a natural experiment By Eliason, Marcus; Johansson, Per; Nilsson, Martin
  2. Duplex-multi-agent Decision-making of Marine Disaster Insurance Based on the Grey Game Model By CHUNYANG WANG
  3. An Analysis of Private-Sector Prices for Hospital Admissions: Working Paper 2017-02 By Jared Lane Maeda; Lyle Nelson
  4. Climate and Crop Insurance: Agricultural Risk Management into the 21st Century By Crane-Droesch, Andrew; Marshall, Elizabeth; Riddle, Anne; Rosch, Stephanie D.; Cooper, Joseph C.; Wallander, Steven
  5. Crop Insurance under Asymmetric Information and Different Government Objectives By Mavroutsikos, Charalampos; Giannakas, Konstantinos; Walters, Cory G.
  6. Health Insurance Coverage and Labor Allocation of Beginning Farm Operator Households By Mishra, Ashok K.; Harris, Michael; Bampasidou, Maria
  7. Exploiting Compulsory Crop Insurance for Assessing Adverse Selection: Evidence from the Israeli Citrus Program By Hag Yehia, Muamar; Finkelshtain, Israel; Bar Shira, Ziv; Bar Nahum, Ziv; Goodwin, Barry K.
  8. Farmers’ valuation of changes to crop insurance coverage level – a test of third generation prospect theory By Doidge, Mary; Feng, Hongli; Hennessy, David A.
  9. Indemnity Payouts, Learning from others and Index Insurance Uptake By Timu, Anne G.; Gustafson, Christopher R.; Ikegami, Munenobu; Jensen, Nathaniel
  10. Risk Perception and Agricultural Insurance Acceptance: Evidence from Typhoon Meranti in Fujian, China By Ding, Jinxiu; Yu, Chin-Hsien; Shaw, William D.
  11. Physician Density and Infant Mortality: A Semiparametric Analysis of the Returns to Health Care Provision By Helge Liebert; Beatrice Mäder
  12. Undocumented and H2A Farm Workers’ Relative Health Care Access and Choices in the United States By Ghimire, Jyotsna; Escalante, Cesar L.; Ghimire, Ramesh
  13. Impact of U.S. Health Care Provision Changes on Diet Quality Among the Poor By Boehm, Rebecca L.; Burney, Shaheer; He, Xi; Lopez, Rigoberto A.
  1. By: Eliason, Marcus (IFAU - Institute for Evaluation of Labour Market and Education Policy); Johansson, Per (IFAU - Institute for Evaluation of Labour Market and Education Policy); Nilsson, Martin (IFAU - Institute for Evaluation of Labour Market and Education Policy)
    Abstract: This study tests for forward-looking moral hazard in the social insurance system by exploiting a 1991 reform in Sweden. The replacement rate was reduced for short absences but not for long absences, which introduced a potential future cost of returning to work. Using this exogenous variation in the replacement rate and controlling for dynamic selection, we find that the potential future cost of returning to work decreased the outflow from absence by 10 percent. This finding suggests that long-term sickness absentees are forward-looking, and highlights the importance of taking forward-looking behavior into account when designing and evaluating social insurance programs.
    Keywords: disability Insurance; dynamic Incentives; forward-looking behavior; moral hazard; natural experiment; sickness absence; sickness insurance
    JEL: H55 I12 I13 J22
    Date: 2018–09–05
    URL: http://d.repec.org/n?u=RePEc:hhs:ifauwp:2018_011&r=ias
  2. By: CHUNYANG WANG (Macau University of Science and Technology)
    Abstract: This paper introduces reinsurance institutions as a fundamental decision agent and rebuilds the grey game matrix to find the optimal pure strategy of the insurance participants. The conclusions verified that when an insurance company chooses to offer marine disaster insurance, the subsidy ratio of the government plays an active role in the equilibrium strategy. When the public chooses insure and the compensation subsidy ratio is up to the threshold value, the commercial insurance company could sufficiently supply compensation for marine disasters?Similarly, the reinsurance companies choose to join the marine insurance market restricted to the compensation subsidy rate of the government. This paper presents the application of the grey game model and illustrates its usefulness as a tool to solve duplex-multi-agent decision-making in marine disaster insurance.
    Keywords: marine disaster insurance, grey game model, duplex-multi-agent, decision-making
    Date: 2018–07
    URL: http://d.repec.org/n?u=RePEc:sek:ibmpro:7608748&r=ias
  3. By: Jared Lane Maeda; Lyle Nelson
    Abstract: Prices for hospital admissions have received considerable attention in recent years, both because they are an important component of health care spending and because they can vary widely. In this paper, we use 2013 claims data from three large insurers to examine the hospital payment rates of those insurers in their commercial plans and their Medicare Advantage plans and compare them with Medicare’s fee-for-service (FFS) rates; we also examine the variation of those rates across and within markets. We found that the average commercial payment rate for a hospital admission was about
    JEL: I10 I11 I13 I18
    Date: 2017–04–04
    URL: http://d.repec.org/n?u=RePEc:cbo:wpaper:52567&r=ias
  4. By: Crane-Droesch, Andrew; Marshall, Elizabeth; Riddle, Anne; Rosch, Stephanie D.; Cooper, Joseph C.; Wallander, Steven
    Keywords: Natural Resource Economics, Risk and Uncertainty, Resource and Environmental Policy Analysis
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:274292&r=ias
  5. By: Mavroutsikos, Charalampos; Giannakas, Konstantinos; Walters, Cory G.
    Keywords: Food and Agricultural Policy Analysis, Agribusiness Economics and Management, Risk and Uncertainty
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:273880&r=ias
  6. By: Mishra, Ashok K.; Harris, Michael; Bampasidou, Maria
    Keywords: Household and Labor Economics, Food and Agricultural Policy Analysis, Ag Finance and Farm Management
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:274172&r=ias
  7. By: Hag Yehia, Muamar; Finkelshtain, Israel; Bar Shira, Ziv; Bar Nahum, Ziv; Goodwin, Barry K.
    Keywords: Risk and Uncertainty, Demand and Price Analysis, Food and Agricultural Policy Analysis
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:274462&r=ias
  8. By: Doidge, Mary; Feng, Hongli; Hennessy, David A.
    Keywords: Risk and Uncertainty, Behavioral & Institutional Economics, Production Economics
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:274478&r=ias
  9. By: Timu, Anne G.; Gustafson, Christopher R.; Ikegami, Munenobu; Jensen, Nathaniel
    Keywords: Rural/Community Development, Risk and Uncertainty, International Development
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:274495&r=ias
  10. By: Ding, Jinxiu; Yu, Chin-Hsien; Shaw, William D.
    Keywords: Risk and Uncertainty, Ag Finance and Farm Management, Behavioral & Institutional Economics
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:274464&r=ias
  11. By: Helge Liebert; Beatrice Mäder
    Abstract: This paper investigates the effect of physicians on infant mortality, stillbirths and the incidence of common childhood diseases. We construct a new panel data set covering German municipalities from 1928 to 1936 based on historical sources. The endogeneity of health care supply is addressed by using the expulsion of Jewish physicians from health insurance schemes by the Nazi government in 1933 as a source of exogenous variation in regional physician density. The results indicate substantial mortality effects due to changes in physician density. One additional physician per 1,000 of population reduces infant mortality by 23% and stillbirths by 16%. We find similar negative effects for gastrointestinal diseases and the incidence of measles, influenza and bronchitis. To investigate diminishing returns to health care provision, we develop a semiparametric control function approach. Our results indicate that the marginal returns to physicians are highly nonlinear and decreasing.
    Keywords: infant mortality, physicians, health care supply, childhood diseases, semiparametric IV
    JEL: I10 I18 N34
    Date: 2018
    URL: http://d.repec.org/n?u=RePEc:ces:ceswps:_7209&r=ias
  12. By: Ghimire, Jyotsna; Escalante, Cesar L.; Ghimire, Ramesh
    Keywords: Household and Labor Economics, Behavioral & Institutional Economics, Production Economics
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:274183&r=ias
  13. By: Boehm, Rebecca L.; Burney, Shaheer; He, Xi; Lopez, Rigoberto A.
    Keywords: Food Safety and Nutrition, Food and Agricultural Policy Analysis, Household and Labor Economics
    Date: 2018–06–20
    URL: http://d.repec.org/n?u=RePEc:ags:aaea18:273911&r=ias
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