Optimal health insurance contract : can moral hazard increase indemnity ?
Bien, Franck; Alary, David;
Subject: Moral hazard; Health insurance; bivariate utility function; health status; optimal contract;
jel: jel:I19 | jel:G22 | jel:D82
In this note, we generalize the results obtained by Barday and Lesur (2005) by considering a bivariated non separable utility function. We characterize optimal health insurance contracts. Moreover, we show that under moral hazard a suﬃciently high risk aversion implies ... View more