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Pooling and Separating Equilibria in Insurance Markets with Adverse Selection and Distribution Costs*

✍ Scribed by Allard, Marie ;Cresta, Jean-Paul ;Rochet, Jean-Charles

Book ID
110265911
Publisher
Springer
Year
1997
Tongue
English
Weight
157 KB
Volume
22
Category
Article
ISSN
1573-6954

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This paper analyzes the welfare economics of three arrangements for purchasing health insurance: competitive markets in which consumers are free to choose among options with different levels of coverage and prices; systems with compulsory partial pooling which permit private firms to sell supplement