Kim, Hyojoung; Kim, Doyoung; Im, Subin; Hardin, James W. - In: The journal of risk and insurance : the journal of the … 76 (2009) 2, pp. 343-366
measurement approach that induces excessive bundling in coverage measurements and sample selection biases. To improve on the … coverage categories at ordered multinomial levels. With this approach, we find robust evidence of information asymmetry in both … coverage area and coverage amount choices, which we could not find with the dichotomous measurement approach. It thus …