non-trivial welfare effect that stands in sharp contrast to standard adverse selection models: all buyers are weakly …

We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which … contact sufficiently many trading partners, fully separating equilibria obtain only if adverse selection is sufficiently …

The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community … administrative payroll and healthcare claims data from a large university, we find evidence of adverse selection in the supplemental … shows that employees are not price-sensitive and that the estimated increases in premiums due to adverse selection are …