Asymmetric information is an important phenomenon in insurance markets, but the empirical evidence on the extent of adverse selection and moral hazard is mixed. Because of its implications for pricing, contract design, and regulation, it is crucial to test for asymmetric information in specific...

Testing for asymmetric informations has become very important in recent years in order to test theoretical predictions and to outline new directions for research. In this paper we analyse accident insurance, which has not been analysed before in the literature, but covers one of the most...

Since Chiappori and Salani e (2000), testing for asymmetric information has become tantamount to testing for a positive relation between risk and coverage which is predicted by (equilibrium) models for adverse selection and moral hazard. In this paper we analyze asymmetric information in...