A Welfare Analysis of Competitive Insurance Markets with Vertical Differentiation and Adverse Selection
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https://www.nber.org/papers/w28565
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资源简介：
A feature of many insurance markets is that they combine vertical differentiation (all consumers prefer high to low-coverage policies) and adverse selection (high cost customers prefer high-coverage plans). Building on Novshek and Sonnenschein (1978) and Azevedo and Gottlieb (2017), this paper
提供机构：
美国国家经济研究局
创建时间：
2021-03-01
