Commitment and Automobile Insurance Regulation in France, Quebec and Japan.

Information problems have a large role to play in insurance markets and the regulations governing these markets were in part designed to take such problems into account. Classification variables are usually the tools used to reduce adverse selection, whereas bonus-malus (or merit-rating) schemes are introduced because risk categories lack homogeneity or fairness and because such categories do not really take moral hazard into account.

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Year of publication:	2001
Authors:	Dionne, G.
Institutions:	HEC Montréal (École des Hautes Études Commerciales)
Subject:	INSURANCE \| AUTOMOBILES \| RISK

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Series:	Ecole des Hautes Etudes Commerciales de Montreal-.
Type of publication:	Book / Working Paper
Notes:	34 pages
Classification:	D80 - Information and Uncertainty. General
Source:	RePEc - Research Papers in Economics

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