information risk are able to command higher prices. Furthermore, our results suggest that insurance is not a diversifiable asset …

the form that either only a portion of the population or none will cover themselves against premium risk with a GR … contract. Increased risk aversion, increased premium risk, and first-order stochastic improvements of the distribution of … private information increase the likelihood of positive take-up. In case GR contracts are in demand, increased risk aversion …

framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the …

framework. We test the model's predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the …

framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the …

framework. We test the model's predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the …

framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the …

. We show that the presence of insurers privately and heterogeneously informed about risk can explain the concentration … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a …

lab experiments. Both in theory and in the experiment diagnostic uncertainty increases the rate of incorrect service … provision and leads to less trade, thus reducing efficiency. In theory, insurance also increases the provision of incorrect …