In this paper we explore the possibility that individuals may select insurance coverage in part based on their … anticipated behavioral response to the insurance contract. Such "selection on moral hazard" can have important implications for …?rm, which contain information about health insurance options, choices, and subsequent claims. To identify the behavioral …

We describe recent advances in the empirical analysis of insurance markets. This new research proposes ways to estimate … individual demand for insurance and the relationship between prices and insurer costs in the presence of adverse and advantageous …

influences demand, both within the microinsurance and the traditional insurance markets. A comparison with traditional markets … effects on the decision to buy microinsurance. The influence of trust on insurance take-up and the unanticipated results for …

observables,' attributes of individual insurance buyers that are correlated both with subsequent claims experience and with … insurance demand but that insurance companies did not use to set insurance prices. Unlike the widely-used positive correlation … test for asymmetric information, which searches for a positive correlation between insurance demand and risk experience …

This paper presents new evidence on the importance of adverse selection in insurance markets. We use a unique data set …, consisting of all annuity policies sold by a large U.K. insurance company since the early 1980s, to analyze mortality differences … asymmetric information in insurance markets. We find no evidence of mortality differences, however, across annuities of different …

In this paper we explore the possibility that individuals may select insurance coverage in part based on their … anticipated behavioral response to the insurance contract. Such "selection on moral hazard" can have important implications for … firm, which contain information about health insurance options, choices, and subsequent claims. To identify the behavioral …

We use employee-level panel data from a single firm to explore the possibility that individuals may select insurance … coverage in part based on their anticipated behavioral ("moral hazard") response to insurance, a phenomenon we label "selection … high-deductible health insurance option. (JEL D82, G22, I13, J32) …

Government intervention in insurance markets is ubiquitous and the theoretical basis for such intervention, based on … insurance markets has gained considerable momentum. This research finds that adverse selection exists in some insurance markets … considered by the original theory, and one that has different consequences for equilibrium insurance allocation and optimal …

This paper examines the standard test for asymmetric information in insurance markets: that its presence will result in … a positive correlation between insurance coverage and risk occurrence. We show empirically that while there is no … evidence of this positive correlation in the long-term care insurance market, asymmetric information still exists. We use …

Incentivizing unobservable effort in risky environments, such as in insurance, credit, and labor markets, is vital as …-compatibility. Two independent large-scale behavioral experiments framed in an insurance context support the hypotheses derived from our …