also limits reclassification risk. This certainty offsets the costs of adverse selection. Using a dynamic model of … endogenous insurance choice and price calibrated to the U.S. medical insurance market, I find that asymmetric information is … age groups, the young benefit by paying less for insurance. The insurance market for the near elderly collapses because it …

We study imperfect competition between insurers in a multiple-risk environment. In the absence of asymmetric … tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

We study imperfect competition between insurers in a multiple-risk environment. In the absence of asymmetric … tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

This paper deals with the phenomenon of risk-selection and its appearance in the german compulsory health insurance …

sets. Higher premiums are viewed as higher prices of insurance rather than fair risk reassessments. Agents do not take the …Micro data from a dental insurance natural experiment is used to analyze why agents opt out of insurance. The purpose … is to relate the dropout decision to new information on risk, acquired by the policy holder and the insurer. The results …

insurance makes it possible to observe a proxy for private information. Interestingly, results differ across risk classes …The empirical evidence of adverse selection in insurance markets is mixed. The problem in assessing the extent of … it difficult to distinguish between adverse selection and moral hazard. Unique micro data, from a dental insurance …

Adverse selection death spirals in health insurance are dramatic, and so far, exotic economic events. The possibility …. In this paper, we empirically document a death spiral in individual health insurance that was apparently triggered by a …

We show how standard consumer and producer theory can be used to estimate welfare in insurance markets with selection … straight forward. We illustrate our approach by applying it to the employee health insurance choices at Alcoa, Inc. We detect …

We provide an illustration of how standard consumer and producer theory can be used to quantify the welfare loss … associated with inefficient pricing in insurance markets with selection. We then show how this welfare loss can be estimated … empirically using identifying variation in the price of insurance. Such variation, together with quantity data, allows us to …

insurer the more the insurer learns about the policyholder’s risk. Two important characteristics of the market studied here … violations, which are predictors of risk since policyholders with traffic violations are more likely to report a claim. Second … record by switching insurer. Hence, there may be a selection of high risk customers who switch insurer more often, such that …