Breuer, Michael (contributor) - 2004 - [Elektronische Ressource]
The standard solution to adverse selection is the separating equilibrium introduced by Rothschild and Stiglitz. Usually … adverse selection is dis-cussed for continuous loss distributions. This gives rise to the new problem of finding the proper … turns out to be superior if premiums contain a sufficiently high loading. -- Insurance ; Adverse Selection ; Deductible ; Co-Insurance …