Showing 1 - 10 of 988
Many markets, such as the insurance and credit markets, are characterized by information asymmetry between firms and … count on insurance companies and banks to continue to report their private customer information to them …
Persistent link: https://www.econbiz.de/10014183733
We study the impact of insurance on the amount of fraud in a physician-patient relationship. In a market for credence …
Persistent link: https://www.econbiz.de/10011409200
Many companies try to access personal information to discriminate among consumers. We analyse how privacy regulations … acquired with Disclosure Duty of collected data whereas Consent Law with perfect privacy results in complete information … acquisition. Imperfect privacy, i.e., an environment in which leaks of collected data are possible, gives rise to multiple …
Persistent link: https://www.econbiz.de/10011849223
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is … insurance a la Akerlof (1970), Pauly (1974) and Rothschild and Stiglitz (1976) where consumers have one … in a negative correlation in equilibrium between insurance coverage and ex post realization of risk. We show that if the …
Persistent link: https://www.econbiz.de/10012980824
between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the … diagnostic uncertainty is a major source of inefficiency by decreasing efficient service provision. Insurance coverage has a …
Persistent link: https://www.econbiz.de/10014391609
between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the … diagnostic uncertainty is a major source of inefficiency by decreasing efficient service provision. Insurance coverage has a …
Persistent link: https://www.econbiz.de/10014382489
between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the … diagnostic uncertainty is a major source of inefficiency by decreasing efficient service provision. Insurance coverage has a …
Persistent link: https://www.econbiz.de/10014373468
adverse selection in insurance markets. Nevertheless, some consumers value their privacy and dislike sharing private … risk type for an individual subjective cost and show analytically how this affects insurance market equilibria as well as … shows that new technologies challenge cross-subsidization in insurance markets, and it stresses the negative externalities …
Persistent link: https://www.econbiz.de/10012860035
that considers both diagnostic uncertainty of sellers and the effects of insurance coverage of consumers in a unified … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the … net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10012312079
that considers both diagnostic uncertainty of sellers and the effects of insurance coverage of consumers in a unified … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the … net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We …
Persistent link: https://www.econbiz.de/10012313962