Einav, Liran; Finkelstein, Amy; Cullen, Mark R. - 2008
spe-
ci�c company. We detect adverse selection but estimate that the quantitative welfare
implications associated with ine …, C51, D14, D60, D82, I11.
Keywords: Asymmetric information; adverse selection; health insurance; e� ciency cost.
We are …, estimates of the welfare cost
of adverse selection in di�erent contexts may be more comparable.
These attractive features are …