Einav, Liran; Finkelstein, Amy; Schrimpf, Paul - 2007
among individuals who are required to buy annuities. The results suggest that asymmetric information along the guarantee … not necessarily improve on the asymmetric information equilibrium. Depending on the contract mandated, mandates could … such a model in the context of the U.K. annuity market. The model allows for private information about risk type (mortality …