... saving theory and the Buffer‐Stock saving theory would predict a positive effect of this event on consumption. The purpose of this paper is to empirically study the effects of medical insurance on durables consumption in rural China. Design/methodology/approach Using China Health and Nutrition Survey...

... service utilization between the two kinds of households in the period of 12 months. Originality/value This is the first study to empirically test the adverse selection in China's medical insurance market from the perspective of two different types of households, which are CH and PRH. H1...

... asymmetry between medical service provider and demander, “converse‐choice” [2] tendency in medical insurance, “moral risk” of overusing medical resources by both medical providers and demanders, “rent‐seeking” in the medical market, market limitation and failure, etc. Under the planned economy...