In life insurance, adverse selection describes the occurrence of individuals with a high-risk profession, hobby or health condition applying for life insurance more often than low-risk individuals. Since it is
c. owners of insurance companies. 相关知识点: 试题来源: 解析 b 逆向选择在保险市场中因信息不对称引发,高风险个体更倾向投保,而低风险个体因保费过高可能退出。分析选项: - **a. 高风险个体**:通常受益,因能以平均保费覆盖自身更高风险,未被直接损害。 - **b. 低风险个体**:保费被迫抬高(因市场整体...
A. DOHERTY (2012): "Adverse Selection in Insurance Contracting," Unpublished.Dionne, G., Fombaron, N., Doherty, N.: Adverse selection in insurance contracting. In: Dionne, G. (ed.) Handbook of insur- ance. Springer, New York (2013)...
In addition, the savings phase is shorter at a later start of insurance, leading to higher premiums. Our paper shows that the profitability of the overall outcome and therefore selection effects are heavily influenced by variables like starting a family that have to be extrapolated as they are ...
Health insurance plays a crucial role in providing financial protection and access to healthcare services for individuals and families. It ensures that people can receive the necessary medical attention without the burden of high expenses. However, the concept of adverse selection poses a significant ...
Answer to: Analyze the implications of adverse selection in insurance markets that contain information asymmetry and community ratings. Justify...
, Competitive failures in insurance markets (pp. 11-31). Cambridge: MIT.Time, risk, precommitment and adverse selection in competitive insurance markets - Pauly - 2006Mark V. Pauly, Time, Risk, Precommitment, and Adverse Selection in Competitive Insurance Markets, October 2003...
Adverse selection refers to a scenario where either the buyer or the seller has information about an aspect of product quality that the other party does not have. Adverse selection is a common scenario in theinsurance sector, where people in high-risk lifestyles or those engaged in dangerous job...
0022-3808/2004/11201-0005$10.00Adverse Selection in Insurance Markets:Policyholder Evidence from the U.K. AnnuityMarketAmy FinkelsteinHarvard University and National Bureau of Economic ResearchJames PoterbaMassachusetts Institute of Technology and National Bureau of Economic ResearchWe use a unique data set...
Individual choice among health insurance policies may result in risk-based sorting across plans. Such adverse selection induces three types of losses: efficiency losses from individuals' being allocated to the wrong plans; risk-sharing losses, because premium variability is increased; and losses from ...