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Adverse Selection With Frequency and Severity Risk: Alternative Risk-Sharing Provisions

✍ Scribed by James A. Ligon; Paul D. Thistle


Book ID
109158560
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
293 KB
Volume
75
Category
Article
ISSN
0022-4367

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This article extends the standard adverse selection model for competitive insurance markets, which assumes a single source of risk, to the case where individuals are subject to multiple risks. The authors compare the following market situations -the case where insurers can offer comprehensive polici