Testing for Adverse Selection into Private Medical Insurance

We develop a test for adverse selection and use it to examine privatehealth insurance markets. In contrast to earlier papers that consider apurely private system or a system in which private insurance supplementsa public system, we focus our attention on a system where privately fundedhealth care is substitutive of the publicly funded one. Using a model ofcompetition among insurers, we generate predictions about the correlationbetween risk and the probability of taking private insurance under bothsymmetric information and adverse selection. These predictions constitutethe basis for our adverse selection test. The theoretical model is also usefulto conclude that the setting that we focus on is especially attractive to testfor adverse selection. Using the British Household Panel Survey, we findevidence that adverse selection is present in this market. We develop a test for adverse selection and use it to examine privatehealth insurance markets. In contrast to earlier papers that consider apurely private system or a system in which private insurance supplementsa public system, we focus our attention on a system where privately fundedhealth care is substitutive of the publicly funded one. Using a model ofcompetition among insurers, we generate predictions about the correlationbetween risk and the probability of taking private insurance under bothsymmetric information and adverse selection. These predictions constitutethe basis for our adverse selection test. The theoretical model is also usefulto conclude that the setting that we focus on is especially attractive to testfor adverse selection. Using the British Household Panel Survey, we find evidence that adverse selection is present in this market

Ray stability in weakly range-dependent sound channels

Ray stability is investigated in environments consisting of a range-independent background sound-speed profile on which a range-dependent perturbation, such as that produced by internal waves in deep ocean environments, is superimposed. Numerical results show that ray stability is strongly influenced by the background sound speed profile. Ray instability is shown to increase with increasing magnitude of alpha := I omega^{prime} / omega, where 2 pi / omega(I) is the range of a ray double loop and I is the ray action variable. The mechanism, shear-induced instability enhancement, by which alpha controls ray instability is described.Comment: To appear in JAS

On global models for isolated rotating axisymmetric charged bodies; uniqueness of the exterior field

A relatively recent study by Mars and Senovilla provided us with a uniqueness result for the exterior vacuum gravitational field generated by an isolated distribution of matter in axial rotation in equilibrium in General Relativity. The generalisation to exterior electrovacuum gravitational fields, to include charged rotating objects, is presented here.Comment: LaTeX, 21 pages, uses iopart styl

Elastic Differential Cross Sections for Space Radiation Applications

The eikonal, partial wave (PW) Lippmann-Schwinger, and three-dimensional Lippmann- Schwinger (LS3D) methods are compared for nuclear reactions that are relevant for space radiation applications. Numerical convergence of the eikonal method is readily achieved when exact formulas of the optical potential are used for light nuclei (A $\le$ 16), and the momentum-space representation of the optical potential is used for heavier nuclei. The PW solution method is known to be numerically unstable for systems that require a large number of partial waves, and, as a result, the LS3D method is employed. The effect of relativistic kinematics is studied with the PW and LS3D methods and is compared to eikonal results. It is recommended that the LS3D method be used for high energy nucleon-nucleus reactions and nucleus-nucleus reactions at all energies because of its rapid numerical convergence and stability

Lagrangian dynamical geography of the Gulf of Mexico

We construct a Markov-chain representation of the surface-ocean Lagrangian dynamics in a region occupied by the Gulf of Mexico (GoM) and adjacent portions of the Caribbean Sea and North Atlantic using satellite-tracked drifter trajectory data, the largest collection so far considered. From the analysis of the eigenvectors of the transition matrix associated with the chain, we identify almost-invariant attracting sets and their basins of attraction. With this information we decompose the GoM's geography into weakly dynamically interacting provinces, which constrain the connectivity between distant locations within the GoM. Offshore oil exploration, oil spill contingency planning, and fish larval connectivity assessment are among the many activities that can benefit from the dynamical information carried in the geography constructed here.Comment: Submitted to Scientific Report

Rational functions associated with double infinite sequences of complex numbers

AbstractLet {μk}−∞+∞ be a given double infinite sequence of complex numbers. By defining a linear functional on the space of the Laurent polynomials, certain rational functions are first constructed and some algebraic properties studied.The hermitian case, i.e. μ−k = μk, k ∈ Z is separately considered and it is shown how the theory of polynomials orthogonal on the unit circle can be used in order to prove geometric convergence for sequences such as these rational functions

Testing for Asymmetric Information in Private Health Insurance

We test for asymmetric information in the UK private health insurance (PHI) market. In contrast to earlier research that considers either a purely private system or one where private insurance is complementary to public insurance, PHI is substitutive of the public system in the UK. Using a theoretical model of competition among insurers incorporating this characteristic, we link the type of selection (adverse or propitious) with the existence of risk-related information asymmetries. Using the British Household Panel Survey, we find evidence that adverse selection is present in the PHI market, which leads us to conclude that such information asymmetries exist