In the RothschildStiglitz model, an individual who is offered a choice between full insurance and no insurance

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In the Rothschild–Stiglitz model, an individual who is offered a choice between full insurance and no insurance will always choose full insurance if they are risk-averse.

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Health Economics

ISBN: 9781137029966

1st Edition

Authors: Jay Bhattacharya, Timothy Hyde, Peter Tu

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