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A Game-Theoretic Foundation for the Wilson Equilibrium in Competitive Insurance Markets with Adverse Selection
Mimra, Wanda; Wambach, Achim - 2021
We extend the seminal Rothschild and Stiglitz (1976) model on competitive insurance markets with asymmetric information in the spirit of Wilson (1977)’s ‘anticipatory equilibrium’ by introducing an additional stage in which initial contracts can be withdrawn after observation of...
Persistent link: https://www.econbiz.de/10013316023
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2015
Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper … concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …
Persistent link: https://www.econbiz.de/10013038262
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Information Frictions and Adverse Selection : Policy Interventions in Health Insurance Markets
Handel, Benjamin R. - 2015
A large literature has analyzed pricing inefficiencies in health insurance markets due to adverse selection, typically assuming informed, active consumers on the demand side of the market. However, recent evidence suggests that many consumers have information frictions that lead to suboptimal...
Persistent link: https://www.econbiz.de/10013009862
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Taxation of Insurance
Christiansen, Vidar - 2018
Should we exempt the services of insurance companies from VAT? Addressing this issue, the paper distinguishes between insurance against a general loss of resources and a loss of a specific commodity (property insurance). There is a case for exempting the former kind of insurance, but not the...
Persistent link: https://www.econbiz.de/10012926573
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Information Design in Insurance Markets : Selling Peaches in a Market for Lemons
Garcia, Daniel - 2018
This paper characterizes the optimal information structure in competitive insurance markets with adverse selection. A regulator assigns ratings to individuals according to their risk characteristics, insurers offer fixed insurance contracts to each rating group, and the market clears as in...
Persistent link: https://www.econbiz.de/10012924981
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Gender Unemployment Catching-Up : Empirical Evidence from Italian Regions
Belloc, Marianna - 2011
We study the persistence of the gender unemployment gap in the Italian regions in the 1992-2009 period. Results from unit-root tests analysis with structural break suggest that the process of gender catching-up in the unemployment rates is occurring in most of the regions but at different pace....
Persistent link: https://www.econbiz.de/10013131352
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Temporary Employment, Job Flows and Productivity : A Tale of Two Reforms
Cappellari, Lorenzo - 2011
We investigate the effects of two reforms of temporary employment using panel data on Italian firms. We exploit variation in their implementation across regions and sectors for identification. We find that the reform of apprenticeship contracts increased job turnover and induced the substitution...
Persistent link: https://www.econbiz.de/10013122251
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The Development of Cities in Italy 1300 - 1861
Bosker, Erik Maarten - 2007
city sizes and the city-size distribution as a whole to highlight the main characteristics of Italy's urban system such as … the differences between northern and southern Italy. Our second, and main, contribution is that our data allow for panel … estimation where city-size is regressed on various geographical, political and other determinants of city size for the period …
Persistent link: https://www.econbiz.de/10012777824
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Seasonality in Smoking Behaviour : Re-Evaluating the Effects of the 2005 Public Smoking Ban in Italy
Bono, Emilia Del; Grünberger, Klaus; Vuri, Daniela - 2021
This paper investigates the impact of the public smoking ban which came into effect in Italy on January 2005 on …
Persistent link: https://www.econbiz.de/10013315560
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Absenteeism, Unemployment and Employment Protection Legislation : Evidence from Italy
Scoppa, Vincenzo; Vuri, Daniela - 2021
Efficiency wages theories argue that the threat of firing, coupled with a high unemployment rate, is a mechanism that discourages employee shirking in asymmetric information contexts. Our empirical analysis aims to verify the role of unemployment as a worker discipline device, considering the...
Persistent link: https://www.econbiz.de/10013315813