these results extend beyond the insurance problem we emphasize. We also prove that the principal always prefers an agent …. This curvature result implies that quantity discounts are consistent with adverse selection in insurance, contrary to the …

and with competitive insurance models. We calculate a closed form solution for the CARA case and use it to illustrate … these differences. Although we focus on the monopoly insurance problem, our proofs can be adapted to other screening …

's deliveries are the same at all pools. The Rothschild-Stiglitz model of insurance is included as a special case. We show that by …

Funeral Aid Associations (FAAs) in Northeast Thailand offer micro funeral insurance at affordable premium levels while … the insurance. Compared to many other micro insurance schemes, however, FAAs do not seem to face adverse effects of this … of a sufficient number of low-risk individuals, who deliberately buy insurance despite what their risk types would advice …

Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive … without intermediation. A controversial matter in the discussion concerning insurance intermediation is the issue of … by insurance companies. The rationale for the latter is the fact that a fee paid by uninformed consumers limits the …

In this study, we assess the relevance of decreasing information asymmetry on life and nonlife insurance consumption … Generalised Method of Moments. The findings show that information sharing offices increase insurance consumption with a … comparatively higher magnitude in life insurance penetration, relative to non-life insurance penetration. Practical and theoretical …

communication of purchase information or non-communication which exhibits a lemon effect (low-risk purchase no insurance …