کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5067571 1372605 2009 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
When prices hardly matter: Incomplete insurance contracts and markets for repair goods
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
When prices hardly matter: Incomplete insurance contracts and markets for repair goods
چکیده انگلیسی
This paper looks at markets characterized by the fact that the demand side is insured. In these markets, a consumer purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most lines of insurance base indemnity on the insured's actual expenses, i.e., the insured would be partially or completely reimbursed when purchasing certain goods. In this setting, we discuss the interaction between insurance and repair markets by focusing, on one hand, upon the development of prices and the structure of markets with insured consumers, and, on the other hand, the resulting backlash on optimal insurance contracting. We show that even in the absence of ex post moral hazard the extension of insurance coverage will lead to an increase in prices as well as to a socially undesirable increase in the number of repair service suppliers if repair markets are imperfect.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 53, Issue 3, April 2009, Pages 343-354
نویسندگان
, , ,