Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10011297051
Persistent link: https://www.econbiz.de/10011893012
Persistent link: https://www.econbiz.de/10001785547
Persistent link: https://www.econbiz.de/10002527940
We examine insurance markets with two types of customers: those who regret suboptimal decisions and those who don.t. In this setting, we characterize the equilibria under hidden information about the type of customers and hidden action. We show that both pooling and separating equilibria can...
Persistent link: https://www.econbiz.de/10003831238
Persistent link: https://www.econbiz.de/10009161867
Insurance contracts are often complex and difficult to verify outside the insurance relation. We show that standard one-period insurance policies with an upper limit and a deductible are the optimal incentive-compatible contracts in a competitive market with repeated interaction. Optimal group...
Persistent link: https://www.econbiz.de/10009382881
Persistent link: https://www.econbiz.de/10003992098
Persistent link: https://www.econbiz.de/10003351570
Persistent link: https://www.econbiz.de/10003710210