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Switching Costs in Competitive Health Insurance Markets
Lamiraud, Karine - 2013
competition in basic health insurance markets. We identify several barriers to switching, namely choice overload, status quo bias …
Persistent link: https://www.econbiz.de/10013076435
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How to Price Imperfect Certification
Mysliveček, Jan - 2009
competition between certifiers, which lowers the certification fee, is not beneficial. This result complements Strausz (2005) who …
Persistent link: https://www.econbiz.de/10013155815
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Positive Profits in Competitive Credit Markets With Adverse Selection
Bernhardt, Dan - 2020
We analyze competitive credit markets with asymmetric information in which borrowers seek financing for either positive or negative net present value projects. The striking result is that there always exists an equilibrium where investment is efficient, while competitive lenders make strictly...
Persistent link: https://www.econbiz.de/10012834214
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Efficient Price Competition in Markets with Adverse Selection
Dosis, Anastasios - 2020
This paper studies general markets with adverse selection in which symmetric firms supply (potentially multiple) products to privately-informed consumers and compete with price schedules. I show that a basic price cap regulation, in which the price caps are endogenously determined by firms,...
Persistent link: https://www.econbiz.de/10012837378
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Competition and the Signaling Role of Prices
Adriani, Fabrizio - 2006
demand is weak, competition among sellers inhibits the role of prices as signals of high quality, and high quality sellers …
Persistent link: https://www.econbiz.de/10012733476
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Competition and Adverse Selection in an Online Lending Market
Carmichael, Don - 2017
Using data from Lending Club and Prosper, the two largest peer-to-peer lenders in the U.S., we provide evidence of adverse selection in the online personal lending market. Borrowers who were rejected by a competitor are 2.5 times more likely to default than borrowers who were not rejected by a...
Persistent link: https://www.econbiz.de/10012954276
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Ambiguity Aversion in Competitive Insurance Markets with Asymmetric Information
Peter, Richard - 2019
We analyze the effect of ambiguous loss probabilities on competitive insurance markets with asymmetric information. We characterize equilibria under actuarially fair pricing with preferences that are second-order ambiguity averse (have smooth indifference curves). We also show existence of...
Persistent link: https://www.econbiz.de/10012890730
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(Non-)Insurance Markets, Loss Size Manipulation and Competition - Experimental Evidence
Hinloopen, Jeroen - 2018
defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …
Persistent link: https://www.econbiz.de/10012936210
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Negative Externalities and Equilibrium Existence in Competitive Markets with Adverse Selection
von Siemens, Ferdinand - 2009
on existing theories of competition in markets with adverse selection …
Persistent link: https://www.econbiz.de/10012763924
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An incentive efficient market for mechanisms in large Akerlof economies
Citanna, Alex; Siconolfi, Paolo - In: Economic theory 73 (2022) 1, pp. 1-54
Persistent link: https://www.econbiz.de/10012818314