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Competitive Screening in Insurance Markets with Endogenous Wealth Heterogeneity
Insurance Markets Adverse Selection Multidimensional Screening
2015/7/31
We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise endogenously from unobservable savings or labor supply decisions. The endogeneity of wealth ...
Selection in Insurance Markets: Theory and Empirics in Pictures
Pictures Theory and Empirics
2015/7/17
ccare to the heavily regulated private markets for property and casualty are to the heavily regulated private markets for property and casualty
insurance, government intervention in insurance market...
Beyond Testing: Empirical Models of Insurance Markets
asymmetric information adverse selection
2015/7/17
We describe recent advances in the empirical analysis of insurance
markets. This new research proposes ways to estimate individual
demand for insurance and the relationship between prices and
insur...
ESTIMATING WELFARE IN INSURANCE MARKETS USING VARIATION IN PRICES
INSURANCE MARKETS PRICES
2015/7/17
We provide a graphical illustration of how standard consumer and producer
theory can be used to quantify the welfare loss associated with inefficient pricing
in insurance markets with selectio...
OPTIMAL TAXATION WITH ENDOGENOUS INSURANCE MARKETS
Optimal Dynamic Taxation Optimal Social Insurance Private and Public Insurance Crowding Out.
2014/3/18
The skills of agents in the labor market evolve stochastically over time and are private information. We assume that agents can engage in unobservable trades. We show that competitive equilibria are i...