Design and study of hybrid BI insurance contracts with interruption compensation, reward, and penalty under adverse selection
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DOI: 10.1002/mde.4281
Abstract: Aiming at the adverse selection problem in the BI insurance market under asymmetric information, this paper designs a hybrid BI insurance contract with interruption compensation, reward, and penalty based on the principal‐agent theory. It is… read more here.
Keywords: reward penalty; compensation reward; adverse selection; hybrid insurance ... See more keywords
Contract withdrawals and equilibrium in competitive markets with adverse selection
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DOI: 10.1007/s00199-018-1101-4
Abstract: In competitive common value adverse selection markets, existence of a pure strategy equilibrium is often justified by appealing to Wilson’s (J Econ Theory 16(2):167–207, 1977) concept of ‘anticipatory equilibrium.’ The anticipatory equilibrium is based on… read more here.
Keywords: anticipatory equilibrium; contract; contract withdrawals; adverse selection ... See more keywords
Multitask assignments with adverse selection
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DOI: 10.1016/j.econlet.2019.05.014
Abstract: In a simple multitask assignments model with adverse selection, we derive the optimal contracts when the principal assigns two tasks to different agents or to a single agent. Assigning tasks to different agents introduces a… read more here.
Keywords: multitask assignments; adverse selection; assignments adverse; single agent ... See more keywords
Is there adverse selection in the U.S. social security system?
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DOI: 10.1016/j.econlet.2020.108995
Abstract: Abstract Despite facing some of the same challenges as private insurance markets, little is known about the role of adverse selection in Old-Age Social Security. Using data from the Health and Retirement Study, we perform… read more here.
Keywords: system; selection; selection social; adverse selection ... See more keywords
Does bundling induce adverse selection in insurance?
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DOI: 10.1016/j.econlet.2020.109588
Abstract: Abstract Bundling credit with insurance contracts is a common approach to increasing insurance take-up, especially in low income-environments. I document that this approach can induce adverse selection in insurance; thus, acting as an important source… read more here.
Keywords: selection insurance; bundling induce; adverse selection; insurance ... See more keywords
Endogenous information, adverse selection, and prevention: Implications for genetic testing policy.
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DOI: 10.1016/j.jhealeco.2017.06.010
Abstract: We examine public policy toward the use of genetic information by insurers. Individuals engage in unobservable primary prevention and have access to different prevention technologies. Thus, insurance markets are affected by moral hazard and adverse… read more here.
Keywords: information; policy; endogenous information; adverse selection ... See more keywords
Policy lessons from spatiotemporal enrollment patterns of payment for ecosystem service programs in Argentina
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DOI: 10.1016/j.landusepol.2020.104596
Abstract: Abstract Payment for ecosystem services schemes (PES) are lauded as a market-based solution to curtail deforestation and restore degraded ecosystems. However, PES programs often fail to conserve sites under strong long-term deforestation pressures. Underperformance, in… read more here.
Keywords: enrollment patterns; selection; adverse selection; payment ecosystem ... See more keywords
Moral Hazard and Adverse Selection in Insurance Markets: Four Recent Books.
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DOI: 10.1080/13571516.2024.2343172
Abstract: Abstract This paper reviews four recent books on insurance economics. One of them is a comprehensive textbook, one a discussion of the financial aspects of insurance reserving, and the other two (with a common author)… read more here.
Keywords: recent books; moral hazard; adverse selection; four recent ... See more keywords