Telemonitoring devices can be used to screen consumers' characteristics and mitigate information asymmetries that lead to adverse selection in insurance markets. However, some consumers value their privacy and dislike sharing private information with insurers. In the second-best efficient...

When a party seeks to pass a risk to another in a market transaction it typically must first provide information about the risk to the potential risk bearer, who determines whether to accept the risk and if so at what price. In the current paper, we examine the demand for underwriting and its...