Adverse selection in insurance markets: Policyholder evidence from the UK annuity market. Journal of Political Economy 112 (1): 183–208. Article Google Scholar Finkelstein, A., and J. Poterba. 2014. Testing for asymmetric information using “unused observables’’ in insurance markets: Evidence...
The meaning of ADVERSE SELECTION is a market phenomenon in which one party in a potential transaction has information that the other party lacks so that the transaction is more likely to be favorable to the party having the information and which causes m
Economic Analysis of Insurance Fraud We also consider the effects of adverse selection, in a context where insurers cannot distinguish honest policyholders from potential defrauders, as well as... P Picard - 《Working Papers》 被引量: 115发表: 2012年 Genetic Testing and Insurance: The Complexity...
Adverse Selection in Insurance Markets. In: G. Dionne, Ed., Handbook of Insurance. Kluwer Academic Publishers, Boston.Dionne, G., N. Doherty and N. Fombaron (2000), "Adverse Selection in Insurance Markets," in G. Dionne (ed), Handbook of Insurance, Boston, Kluwer Academic Press, 185-...
In this chapter we present some of the more significant results in the literature on adverse selection in insurance markets. Sections 10.1 and10.2 introduce the subject and Sect. 10.3 discusses the monopoly model developed by Stiglitz (Rev Econ Stud 44:407–430, 1977) for the case of single-...
There is also evidence that comprehensive reforms increased premiums slightly for small employers, and that most of this increase was passed on to workers through higher employee contributions. 展开 关键词: Adverse selection Health insurance Small firms ...
We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that individuals receive the benefit of some type of potential government assistance that guarantees them a minimum level of wealth. For example, this assistance might be some type of government-...
Adverse selection generally refers to any situation where one party in a contract or negotiation, such as a seller, possesses information relevant to the contract or negotiation that the corresponding party, such as a buyer, does not have. Typically, the more knowledgeable party is the seller. A...
The students should come away from the experiment understanding why adverse selection leads to high prices on good quality insurance and why it forces healthy individuals into low quality plans. Additionally, the experiment helps students think about the market characteristics that make health insurance ...
Although eliminating the current tax subsidy to insurance is shown to decrease demand, the results indicate a substantial demand for supplementary insurance even in the absence of present tax incentives. However, our results on adverse selection raise concerns about the potential stability of ...