This paper demonstrates the existence of adverse selection in the group insurance market with no individual choice. We … provide evidence against the “conventional wisdom” that group insurance mitigates adverse selection because of the mixture of …

Genetic insurance can deal with the negative effects of genetic testing on insurance coverage and income distribution … to be likely for consumers with compulsory insurance only, while the second type of inefficiency is more likely for those … who have supplemented the compulsory insurance with substantial voluntary insurance. This second type of inefficiency is …

A positive correlation between insurance coverage and ex post risk can be an indicator for private information in … insurance markets. However, this test fails if agents have heterogeneous risk attitudes. We propose a new test that conditions … technique to the market for long-term care insurance. Finkelstein and McGarry (2006) provide direct evidence for the existence …