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Optimal premium pricing in a competitive stochastic insurance market with incomplete information : a Bayesian game-theoretic approach

Mourdoukoutas, Fotios; Boonen, Tim J.; Koo, Bonsoo; … - In: Insurance : mathematics and economics 119 (2024), pp. 32-47

Persistent link: https://www.econbiz.de/10015067199

Equilibrium in a Competitive Insurance Market Under Adverse Selection with Endogenous Information

Stiglitz, Joseph E. - 2017

This paper investigates the existence and nature of equilibrium in a competitive insurance market under adverse … contrast, the Akerlof price equilibrium described a situation where the insurance firm has no information about sales to a … particular individual. We show that with more plausible information assumptions - no insurance firm has full information but at …

Persistent link: https://www.econbiz.de/10012953019

A Game-Theoretic Foundation for the Wilson Equilibrium in Competitive Insurance Markets with Adverse Selection

Mimra, Wanda; Wambach, Achim - 2021

We extend the seminal Rothschild and Stiglitz (1976) model on competitive insurance markets with asymmetric information …

Persistent link: https://www.econbiz.de/10013316023

Private information and insurance rejections

Hendren, Nathaniel - In: Econometrica : journal of the Econometric Society, an … 81 (2013) 5, pp. 1713-1762

Persistent link: https://www.econbiz.de/10010230638

Insurance spending

OECD - 20XX

Insurance spending is defined as the ratio of direct gross premiums to GDP, which represents the relative importance of … the insurance industry in the domestic economy. This indicator is expressed as a percentage of GDP. …

Persistent link: https://www.econbiz.de/10013527373