Consumers regularly seek professional advice when purchasing financial products. It is often argued that advisers should solely be compensated by consumers, as then, an adviser has no incentive to give biased advice. In our theoretical model, we show, that a fee-for-advice remuneration system...

This paper analyzes the German market for supplemental dental insurance (SuppDI) to identify selection behavior based on individuals’ private information. The rather limited underwriting by German private health insurers makes this market especially prone to selection effects. Although the...

Die Entlohnung und Regulierung unabhängiger Versicherungsvermittler, wird aktuell vor allem vor dem Hintergrund der Bedeutung und Zukunft der Honorarberatung und -vermittlung intensiv diskutiert. Im Rahmen des vorliegenden Beitrags werden zunächst wichtige ökonomische Erkenntnisse zur...