We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …, consumers can determine the precision of a privately observed signal that is informative about their accident risk. The …

their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about …

their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about …

insurance, we show that the risk adjustment commonly used to offset adverse selection can reduce the amount of coverage and …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

in their willingness-to-pay for insurance conditional on the insured losses they generate. Using administrative claims … and older consumers and men and women reveal strikingly different demand for health insurance, conditional on their … objective medical spending risk. This implies that these groups must face different prices so as to sort themselves efficiently …