Healthy, wealthy and insured? The role o
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Denise Doiron; Glenn Jones; Elizabeth Savage
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Article
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2008
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John Wiley and Sons
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English
β 158 KB
π 2 views
## Abstract Both adverse selection and moral hazard models predict a positive relationship between risk and insurance; yet the most common finding in empirical studies of insurance is that of a negative correlation. In this paper, we investigate the relationship between __ex ante__ risk and private