Asymmetric information in insurance markets: evidence and explanations from the long-term care insurance marketAmy FinkelsteinKathleen McgarryDaron AcemogluJonathan Wright
This chapter surveys a number of recent empirical studies that test for or evaluate the importance of asymmetric information in insurance relationships. Our focus throughout is on the methodology rather than on the empirical results. We first discuss the main conclusions reached by insurance theory in...
This paper examines the existence of provider-induced asymmetric information in the insurance market. The empirical data on comprehensive automobile insurance in Taiwan provide a unique opportunity to test our hypothesis. Consistent with this hypothesis, we find evidence that providers do induce asymmetric...
" Testing for Asymmetric Information Using “Unused Observables” in Insurance Markets: Evidence from the U.K. Annuity Market ," Journal of Risk & Insurance , The American Risk and Insurance Association, vol. 81(4), pages 709-734, December. Amy Finkelstein & James Poterba, 2006. " Testing...
In subject area:Economics, Econometrics and Finance Asymmetric information in insurance refers to a market situation in which one party in a transaction has insufficient information about the other party which leads to market failure. From:Digital Asset Valuation and Cyber Risk Measurement,2019 ...
Dividend Policy under Asymmetric Information Testing for Asymmetric Information in Insurance Markets Capital Structure, Risk and Asymmetric Information Dynamic Games with Asymmetric Information: A Framework for Empirical Work* Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Cu...
This paper examines strategic trade policy under asymmetric information with publicly observable contracts. We analyse both the cases of unilateral and bil... S.,Lael,Brainard,... - 《Review of Economic Studies》 被引量: 163发表: 1996年 Genetic testing in competitive insurance markets with repulsi...
Asymmetric Information in Health Insurance: Evidence from the National Medical Expenditure Survey Adverse selection is perceived to be a major source of market failure in insurance markets. There is little empirical evidence on the extent of the problem... JH Cardon,I Hendel - 《Rand Journal of ...
2 The Theory of Asymmetric Information In their seminal paper Rothschild and Stiglitz (1976) introduce the notion of adverse selection in insurance markets, which has since then been extended in many directions. For a detailed survey on adverse selection and the related moral hazard problem, we re...
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