TITLE (Author's Reply)
"The Demand for Health Insurance: A Preference for Certain
Losses or Desire for Income Transfers If Ill?," Journal
of Insurance Issues, John A. Nyman, Spring 2006,
Vol. 29, No. 1, pp. 88-102. Full-text articles soon will be available
through ABI/INFORM and EBSCO; click
here for article PDF.
ABSTRACT
This paper critically evaluates a recently introduced theory of
the demand for health insurance. The new model makes a valuable
contribution to the theoretical literature on moral hazard and
the debate over national health insurance, but as a general explanation
of the demand for health insurance it fails to provide a robust
alternative to conventional theory.
Key words: Moral hazard, medical care, risk aversion
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