Spreeuw, Jaap; Karlsson, Martin - In: The journal of risk and insurance : the journal of the … 76 (2009) 2, pp. 261-278
Seminal papers on asymmetric information in competitive insurance markets, analyzing the monetary deductible as a screening device, show that any existing equilibrium is of a separating type. High risks buy complete insurance, whereas low risks buy partial insurance---and this result holds for...