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

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 …

We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise … ceteris paribus exhibit the lower marginal willingness to pay for insurance than low risks, a phenomenon that we refer to as … risks, a phenomenon frequently observed in empirical studies. -- Insurance Markets ; Adverse Selection ; Multidimensional …

insurance markets with adverse selection and without commitment. Under the consideration of the inherent costs related to the …, an all-or-nothing nature of the monitoring technology will not be efficient. -- adverse selection ; privacy ; insurance …

This paper reviews and evaluates the empirical literature on adverse selection in insurance markets. We focus on … empirical work that seeks to test the basic coverage - risk prediction of adverse selection theory - that is, that policyholders … who purchase more insurance coverage tend to be riskier. The analysis of this body of work, we argue, indicates that …

This paper characterizes the optimal information structure in insurance markets in the presence of adverse selection …

We study a competitive insurance market in which insurers have an imperfect informative advantage over policyholders … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a … lower market concentration may entail an increase in insurance premia. …

Adverse selection plays a prominent role in the insurance literature due to its negative implications for insurer … selection in the U.S. insurance market. Potential reasons for the lack of evidence include: (1) that insurers effectively use …, private information. We test for the existence of adverse selection in the credit life insurance market where opportunities to …

The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community …