Adverse Selection Without Single Crossing

Some results can be readily applied. For example, overinsurance, i.e. insurance levels above first best as in 'Cadillac' insurance plans, can be rationalized. In a non-linear pricing framework, the model also provides an explanation for marginal prices below marginal costs as observed in flat rate offers.

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Year of publication:	2011
Authors:	Schottmuller, C.
Institutions:	Tilburg University, Center for Economic Research
Subject:	adverse selection \| single crossing \| Spence-Mirrlees condition \| global incentive compatibility

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 2011-123
Classification:	D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011091519