We describe research on the impact of health insurance on healthcare spending (“moral hazard”), and use this context to illustrate the value of and important complementarities between different empirical approaches. One common approach is to emphasize a credible research design; we review results from two randomized experiments, as well as some quasi-experimental studies. This work has produced...

This paper suggests incorporating affective considerations into models of decision making and insurance decisions in particular. The model is based on, and explores the implication of, a distinction between two internal thinking processes. This distinction is supported by numerous studies in psychology, and is a formalization of what is often refered to as the dual processes theory. More specif...

High correlations between risks can increase required insurer capital and/or reduce the availability of insurance. For such insurance lines, securitization is rapidly emerging as an alternative form of risk transfer. The ultimate success of securitization in replacing or complementing traditional insurance and reinsurance products depends on the ability of securitization to facilitate and/or be...

Twenty five advanced lines among them twelve lines obtained from the cross between Edible Podded Pea and IPSA Motorsuty-1, nine obtained from the cross between Local White and IPSA Motorsuty-3 and five parental lines were included to measure genetic diversity. The field experiment was conducted at the research farm, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Gazipur, Bangladesh....

This paper studies the role of social security in providing annuity insurance. I calculate the welfare cost of adverse selection in the annuity market using a life cycle model in which individuals have private information about their mortality. I calibrate the model to the current U.S. social security replacement ratio, fraction of annuitized wealth and mortality heterogeneity in the Health and...

In this paper, we study credit risk transfer (CRT) in an economy with endogenous financing (by both banks and non-bank institutions). Our analysis suggests that the incentive of banks to transfer credit risk is aligned with the regulatory objective of improving stability, and so the recent development of credit derivative instruments is to be welcomed. Moreover, we find the transfer of credit r...

Mammary metabolic activity in pregnant rats is significantly increased in response to spaceflight. To determine whether changes in mammary metabolism are related to gravity load, we exposed pregnant rats to hypergravity and measured mammary metabolic activity. From days 11-20 of gestation (G), animals were centrifuged (20 rpm; 1.5, 1.75, or 2.0 x gravity) or were maintained at 1 G. On G20, five...

H(+) exchange inhibitor eniporide as an adjunct to early reperfusion therapy for acute myocardial infarction. Results of the evaluation of the safety and cardioprotective effects of eniporide in acute myocardial infarction (ESCAMI) trial. J Am Coll Cardiol 2001; 38: 1644–50. [13] Buerke M, Rupprecht HJ, Vom DJ et al. Sodium–hydrogen exchange inhibition: novel strategy to prevent myocardial inju...

In this paper, we consider the net loss of a life insurance company issuing identical equity-linked pure endowment contracts in the case of periodic premiums. Under this construction, financial risks as well as the mortality risk are included. Based on Møller (1998), we particularly investigate the situation where the company applies a time-discretized risk-minimizing hedging strategy, i.e., a ...

Grunnet, Morten, Hans-Günther Knaus, Christina Solander, and DanA. Klaerke. Quantification and distribution of Ca21-activated maxi K1 channels in rabbit distal colon. Am. J. Physiol. 277 (Gastrointest. Liver Physiol. 40): G22– G30, 1999.—The Ca21-activated maxi K1 channel is an abundant channel type in the distal colon epithelium, but nothing is known regarding the actual number and precise loc...