agents have private information on their true risk type. If the regulation is not too stringent, the equilibrium is … regulation is not too stringent, the equilibrium is separating in which a single insurer monopolizes the high risks while the …

regulation on the genetic information insurers have access to. A reason may be that genetic insurance is not yet a political …

binary lottery procedure. The results reveal a partial crowding out of low risks in the first experiment. Crowding out is not … eliminated in the second experiment and it is not even significantly reduced. Finally, instead of the predicted separating …

We report on an experiment on decentralized markets in the presence of adverse selection. When allowing for costless …

aligned, they may benefit from advantageous selection. Using a laboratory experiment, we investigate the degree to which …

framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …