The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market
收藏NBER2007-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13228
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资源简介：
Much of the extensive empirical literature on insurance markets has focused on whether adverse selection can be detected. Once detected, however, there has been little attempt to quantify its importance. We start by showing theoretically that the efficiency cost of adverse selection cannot be
提供机构：
美国国家经济研究局
创建时间：
2007-07-01
