The demand for health insurance in a multirisk context

Mohamed Anouar Razgallah ()
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Mohamed Anouar Razgallah: GATE CNRS

No 504, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: Using a model of bivariate decision under risk, we analyse the health insurance demand when there are two sources of risk: a health risk and an uninsurable one. We examine how the uninsurable risk affects the coverage of the health risk. We show that the determinants of the demand for health insurance are not only the correlation between the health and uninsurable risks as shown by Doherty and Schlesinger (1983a) and the variation of the marginal utility of wealth with respect to the health status (Rey, 2003) but also the way in which the occurrence of the uninsurable risk affects the marginal utility of wealth.

Keywords: Correlated risks; Health insurance; State-dependent utility (search for similar items in EconPapers)
JEL-codes: D81 I11 I18 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2005-11
New Economics Papers: this item is included in nep-hea, nep-ias and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:0504

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