Grönqvist, Erik (contributor) - 2004 - [Elektronische Ressource]
adverse selection is that private information, on which agents act, is generally unobservable to the researcher, which makes … insurance makes it possible to observe a proxy for private information. Interestingly, results differ across risk classes … markets is still limited,
see Chiappori and Salani� (2003). In part, this is due to problems measuring private
information …