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Journal ArticleDOI

Medical insurance: A case study of the tradeoff between risk spreading and appropriate incentives☆

Richard J. Zeckhauser
- 01 Mar 1970 - 
- Vol. 2, Iss: 1, pp 10-26
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This article is published in Journal of Economic Theory.The article was published on 1970-03-01. It has received 587 citations till now. The article focuses on the topics: Incentive.

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Citations
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Journal ArticleDOI

Moral Hazard and Observability

TL;DR: In this article, the role of imperfect information in a principal-agent relationship subject to moral hazard is considered, and a necessary and sufficient condition for imperfect information to improve on contracts based on the payoff alone is derived.
Book ChapterDOI

An analysis of the principal-agent problem

TL;DR: In this article, the authors show that the optimal way of implementing an action by an agent can be found by solving a convex programming problem, and they use this to characterize the optimal incentive scheme and to analyze the determinants of the seriousness of an incentive problem.
Book

The Theory of Incentives: The Principal-Agent Model

TL;DR: Laffont and Martimort as mentioned in this paper focus on the principal-agent model, the "simple" situation where a principal, or company, delegates a task to a single agent through a contract, the essence of management and contract theory.
Posted Content

Health insurance and the demand for medical care: evidence from a randomized experiment.

TL;DR: This work estimates how cost sharing, the portion of the bill the patient pays, affects the demand for medical services and rejects the hypothesis that less favorable coverage of outpatient services increases total expenditure.
Journal ArticleDOI

The Oregon Health Insurance Experiment: Evidence from the First Year*

TL;DR: In 2008, a group of uninsured low-income adults in Oregon was selected by lottery to be given the chance to apply for Medicaid, and the lottery provided an opportunity to gauge the effects of expanding access to public health insurance on the health care use, financial strain, and health of low income adults using a randomized controlled design as mentioned in this paper.
References
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Journal Article

Uncertainty and the Welfare Economics of Medical Care

TL;DR: In this article, the authors focus on the way in which the operation of the medical-care industry and the efficacy with which it satisfies the needs of society differ from a norm, and the most obvious distinguishing characteristics of an individual's demand for medical services is that it is not steady in origin as, for example, for food or clothing but is irregular and unpredictable.
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