defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

insurers can perform risk classification tests either before insurance contracts are issued (underwriting) or when coverage … provided in the market. Different from the overinsurance counterpart in Picard (2009), the contract for low-risk type with only …

defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is …-dimensional heterogeneity in their risk types. It is suggested that selection based on multidimensional private information, e.g., risk and risk … based on multidimensional private information in risk and risk preferences, can, under different market structures, result …

experiments and by controlling for the risk neutrality of insurers and the common risk aversion of their clients by means of the …

insurance markets can be bad when there is adverse selection. Using the dual theory of choice under risk, we are able to fully … characterize both the competitive and the monopoly market outcomes. When there are two types of risk, the monopoly dominates … from the market. Performing simulation for different distributions of risk, we find that monopoly in general performs (much …