McFadden, Daniel; Noton Norambuena, Carlos; Olivella, Pau - In: SERIEs : Journal of the Spanish Economic Association 6 (2015) 3, pp. 247-278
We study the consequences of imposing a minimum coverage in an insurance market where enrollment is mandatory and agents have private information on their true risk type. If the regulation is not too stringent, the equilibrium is separating in which a single insurer monopolizes the high risks...
