This Article Investigates the Practice of Experience Rating by Insurance Companies in the Presence of Symmetric Information Between the Insured and the Insurer. Experience Rating Is Treated As the Acquisition of Information by Both Parties to the Insurance Contract. When the Insured Buys...

I Suggest in This Paper Both to Drop the Terms "Bureaucracy", "Bureaucratic Conduct" As Analytical Concepts, and to Avoid Writing Models Upon Models Around These Words, Models That Are Not Anchored in Facts. Instead, the Suggestion Made Is to Concentrate on the Facts and Try to Explain Why We...