Ghana has committed politically, legislatively, and fiscally to providing universal health insurance coverage for its population with the intent of reducing financial barriers to utilization of health care.. However, under current cost and enrollment projections the system will …
This dissertation consists of three essays on dynamic contracts. Chapter One studies a dynamic principal-agent model in which the agent continuously works on a project which may yield a success. The principal cannot observe the success, but she observes imperfect signals over ti…
In the first essay I argue that when governments make concessions, only moderate terrorists accept, leaving extremists in control. Nonetheless, the ex ante expected level of terror decreases following concessions because the government's probability of eradicating terror improve…
Despite widespread interest in expanding insurance at the bottom of the economic pyramid, the viability of emerging microinsurance programs has been questioned because of high loss ratios and dubious sustainability. The purpose of this research is to derive implications for the …