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problems it generates in the insurance industry. This book is for people concerned about road crashes (prevention and … a common concern for road transportation safety and the automobile insurance industry. In both cases, there is an … compensation) and about the insurance problems they pose - namely private and public institutional authorities, consultants …
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We study the impact of insurance on the amount of fraud in a physician-patient relationship. In a market for credence …
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We discuss the difficult question of measuring the effects of asymmetric information problems on resource allocation. Three problems are examined: moral hazard, adverse selection, and asymmetric learning. One theoretical conclusion, drawn by many authors, is that information problems may...
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