This paper characterizes the optimal information structure in competitive insurance markets with adverse selection. A … regulator assigns ratings to individuals according to their risk characteristics, insurers offer fixed insurance contracts to … system. We examine implications for government regulations of insurance markets. …

We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals' demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

We extend the seminal Rothschild and Stiglitz (1976) model on competitive insurance markets with asymmetric information … entry. -- casymmetric information ; competitive insurance market ; contract withdrawal …

We study the impact of insurance on the amount of fraud in a physician-patient relationship. In a market for credence …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

A large literature has analyzed pricing inefficiencies in health insurance markets due to adverse selection, typically … this paper we develop a general framework to study insurance market equilibrium and evaluate policy interventions in the … former. We implement the model empirically using proprietary data on insurance choices, utilization, and consumer information …

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …

? This paper addresses these questions in the context of a Rothschild and Stiglitz insurance economy. We identify an …

This informal paper explores models of competitive insurance market equilibrium when individuals of initially similar …